June 28, 2020

Daily Archives

Latest news

  • Incident with non-standard ERC20 deflationary tokens

    An incident occurred on Balancer today which allowed an attacker to drain funds from 2 pools that contained tokens with transfer fees (sometimes referred to as deflationary tokens). STA and STONK were the tokens in each pool. Note: this only affects pools where a token has these transfer fees.https://oko.palkeo.com/0x013be97768b702fe8eccef1a40544d5ecb3c1961ad5f87fee4d16fdc08c78106/A high level description of how this works:Flash lend ETH from dYdX and convert to WETHContinuously trade WETH &… … More

  • Maker Integrates KNC & ZRX as Collateral and Adjusts Base Rates

    Maker – the lending protocol behind Dai – has officially integrated KNC and ZRX as new collateral types. KNC and ZRX have been added to the Maker Protocol.
    Both can now be used to generate #Dai. Read more:https://t.co/GLRPaEIN2l
    cc @KyberNetwork @0xProject
    — Maker (@MakerDAO) June 28, 2020 Following Governance Polls ratified through an Executive Poll, Kyber Network‘s KNC and 0x Protocol‘s ZRX can now be used as collateral to mint new Dai with a 4% Risk Premium, 1… … More

  • MCDEX – 10x Perpetual Contracts Powered by Order Book/AMM Hybrid

    DeFi has been on fire lately. Following the space has been absolutely riveting. We’ve got another sneak peek of an interesting DeFi protocol for you today. The folks over at MCDEX have taken decentralized perpetual contracts and combined them with a hybrid on-chain AMM/off-chain order book in their recent upgrade MCDEX V2. MCDEX’s first decentralized perpetual contract ETH-PERP launching Monday June 29th, 2020 makes full use of this hybrid model to enable users to trade ETH/USD … … More

  • Recap: DeFi Week of June 22 🦄

    Hello Defiers! Hope you’re having a great weekend.Summing up this past week: Yield farming continues to be the biggest trend in DeFi, and while gaining interest from lending tokens isn’t new in the space, additional token incentives is supercharging the practice. Last week the trend blew up with the listing of COMP, this week DeFi teams launched more strategies for farmers, including with Balancer’s BAL, mStable, Ampleforth and ERC20 Bitcoin tokens. We spoke with some of the mo… … More

  • KNC and ZRX Approved by Maker Governance as Collateral Types in the Maker Protocol

    As a result of an Executive Vote that ended today, MKR holders have accepted KNC (Kyber Network) and ZRX (0x) as new collateral assets in the Maker Protocol. Both tokens can now be used to open Maker Vaults in order to generate Dai.  Prior to the vote, the Maker community discussed the merits of adding KNC and ZRX, as well as the appropriate risk parameters for the tokens (listed below), in the Maker Governance Forum. KNC Risk Parameters Risk Premium: 4%Liquidation Ratio: 175%Debt Cei… … More