Aave founder Stani Kulechov says a user confirmed a warning to proceed with the swap, despite “extraordinary slippage,” while a MEV bot also attacked the large transaction.
Latest News on DeFi
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
With the help of distributed ledger technology, or DLT, DeFi solutions offer a number of the same opportunities, but they are controlled by a large number of participants who abide by rules enforced by smart contracts. DeFi solutions also often give greater flexibility in terms of users’ ability to store and control their own assets. Additionally, decentralized exchanges, or DEXs, further decentralize digital asset trading, in contrast to trading on centralized digital asset platforms.
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- News
The funding will support development of a programmable execution layer designed to enable faster issuance and settlement of digital assets on the network.
1493 - Analysis
Chains are launching perp DEXs to capture trading activity, but history suggests liquidity will consolidate around only a handful of platforms.
884 - News
Bonk.fun warned users not to use its site after attackers hijacked the domain and pushed a fake wallet-draining prompt.
1477 - News
Capo, an external oracle solution used by Aave, triggered around $27 million in liquidations after a pricing glitch, but the lending platform said it is stepping in to cover the losses.
1118 - Market Analysis
Bitcoin is the frontrunner in the crypto market, while 36% of altcoins trade near their all-time lows. Do altcoin price metrics suggest an altseason is next?
2380 - News
The integration allows Ledger devices to sign BTCVault transactions as Babylon develops infrastructure to use Bitcoin as collateral.
2086 - Opinion
DeFi lacks its final primitive. Insurance turns hidden risks into priced, programmable coverage. Programmable insurance with uncorrelated capital creates TVC safety nets.
1325 - News
The Curve Finance team told PancakeSwap that it must go through the proper licensing process to collaborate and use code created by Curve.
4242 - Newsletter
Bitcoin bounced back this week as stablecoin inflows surged, and DeFi faced fresh pressure from Aave governance strife, exploits and exchange security moves.
3977 - News
Trading in tokenized stocks and ETFs via 1inch’s Ondo integration has topped $2.5 billion, as real-world assets become one of the few reliable growth engines in a weak crypto market.
1980 - News
Crypto security researchers say the hacker exploited a bug allowing them to mint tokens, before swapping the freely-gained tokens for another tied to Bitcoin.
2370 - News
Oracle provider RedStone deploys price feeds on Stellar as the network expands DeFi infrastructure and experiments with lending and tokenized assets.
4708 - News
The move follows a 52.58% Snapshot vote on a $42.5 million funding package for Aave Labs, now headed to the ARFC stage before any binding onchain decision.
2736 - Price Analysis
Bitcoin’s return to the $70,000 level proves that buyers are absorbing the bulk of selling, but analysts warn that traders should be patient due to market bottoms taking months to form.
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