After five attacks and millions of dollars lost due to an exploit, this week we’re diving deep into the mechanism behind what made this possible: Flash Loans. Some called it a magnificent attack, some called it art. But there are other important questions to be asked: were the flash loan attack prevention, fake token attack…

Markets Update by Lucas Outumuro IntoTheBlock. On-Chain Impact of the End of UNI Mining Uniswap’s UNI release had major effects on the DeFi space. Just hours after the UNI airdrop, Ethereum hourly fees and gas costs reached a yearly high. Similarly, UNI’s liquidity mining program led Uniswap to become the DeFi protocol with the highest…

We are in the middle of a crypto bull market but you wouldn’t know it from social media trends, news headlines and anchors, and just all-around hype. If it feels a lot quieter this time around, it’s because it is. The gap between BTC and ETH prices and mainstream interest, measured by Google search, is…

Aave yesterday posted two new governance proposals for its lending protocol,  the fourth largest in DeFi with more than $1.3B in deposits, one of which may lead to an increased pool of assets to be managed by token holders. The first – AIP2 – proposes to take protocol fees collected from Aave V1 to seed…

There is now 20% of the required staked ETH needed for the network to launch its proof-of-stake-chain, the first step in its transition to Ethereum 2.0, and a big chunk of it is coming from long-time ETH whales. There is 105k ETH in the ETH2 deposit contract out of the required 524K, just two weeks…

Hackers were able to drain $16.4 million in ETH and Dai from DeFi projects Akropolis, Value DeFi Protocol, and Origin Protocol using flash loans, just in the past week. Value DeFi Attack An attacker on Value DeFi swapped flash-loaned ETH for DAI and USDT, deposited part of the flash-loaned DAI into Value DeFi’s multi-stablecoin vault. They…

Uniswap’s total liquidity has almost halved after the decentralized exchange ended its token rewards program on Monday afternoon. Down to $1.8B from a peak of $3.3B just 24 hours earlier, the drop in liquidity goes to show how powerful UNI rewards were for attracting capital, good for the #1 spot on DeFi Pulse’s TVL leaderboard…

Blockchain technology goes far beyond the digital currency use case. Over the past six months, headlines have been dominated by cryptocurrencies and related projects as they spiked in value. But these assets were fungible meaning that one ETH token is identical to another ETH token. In the shadow of the DeFi canopy blossomed NFTs, and…

Social Tokens… very few token types elicit such a strong reaction amongst the cryptoscenti. From $HUE to $COIN to $JAMM a new wave of experimentalists are carving out unique ideas to explore what’s possible under tokenised models. Most will fail, some (many?) are scams. But given the immense power of ‘influencers’ in the non-crypto world…

Hegic is back with a bang. Demand for the protocol, which temporarily suspended activity after a bug earlier this year, is soaring as its partnership with Yearn Finance’s rockstar founder compounds with increasing demand for trading protection. The HEGIC governance token has more than doubled over the past 30 days, after founder Molly Wintermut and…