In our “DeFi” section, we help you understand the new concepts that have arisen with decentralized finance - liquidity pools, smart contacts and more. We'll tell you in simple terms what profitable farming is and how to bet on YiFi and interact with DeFi protocols. Read the “DeFi” section on ForkNews to find out how to make money on DeFi.
DeFi protocol Badger DAO lost almost $100 million in various cryptocurrencies as a result of an exploit. Moreover, about half of the assets were stolen from one wallet.
1inch completed a $175 million Series B funding round. The company is now valued at $2.25 billion.
The first DEX on the Cardano mainnet has launched. The platform uses a traditional peer-to-peer trading model with limit order placement.
Although much more money was stolen this year - $1.4 billion - hackers returned most of it back to the pools.
The Cream Finance DeFi protocol was hacked for more than $130 million. The price of CREAM fell by 30%.
The developers of the Polygon network paid a white hat hacker $2 million to discover a bug that threatened to lose about $850 million.
An error in the protocol update resulted in users being able to freely withdraw COMP tokens from the contract.
Just a week after its launch, the Vee.Finance landing platform based on the Avalanche blockchain lost $35 million as a result of a hacker attack.
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