May FOMC Takeaway
The FED continues to try to tame inflation. FED raises rates 50 bps, and announces plans for balance sheet reduction, QT, beginning June 1. Currently the FED shows no plans for rate hikes higher than 50 bps.
May 4, 2022
Latest News
A Quick Update on CBDCs
A CBDC Update for the US, EU, China, and Russia projects. Things are moving along very quickly as 9 countries already use a CBDC, and 14 more are in pilot.
May 3, 2022
Rug of the Month: April 2022 – Fantom Finished?
Fantom was rugged by Andre Cronje and one of its whales got dangerously close to being liquidated, causing the entire chain to be …
May 3, 2022
Breaking: Fei Protocol Hacked For $76 Million Loss
Dawn breaks Saturday morning in the Americas with a crushing DeFi exploit. Stablecoin provider and Tribe DAO member Fei Protocol was hacked in a series of transactions around 6:30 EST, for a loss of over 26,873 ETH, just over $76 million USD. The protocol is currently offering a $10 million USD whitehat bounty for return
April 30, 2022
Saddle Finance Hacked For $11 Million USD Loss
Saddle Finance is no stranger to hacks. They’ve already been hit before, under somewhat suspicious circumstances. This time around, though, it looks like a plain old fatfinger by the developers. Saddle Finance was hacked today, 4/30/22, for the loss of 3,933 ETH, worth over $11 million. The swap between sUSD and saddleUSD-V2 did not use
April 30, 2022
Concentrated Liquidity: Uniswap V3 Overview
In Decentralized Finance, protocols live and die by liquidity. Billions of dollars are thrown around trying to manage and direct it. There are entire protocols that only exist to manage liquidity. For much of DeFi history, there was only one answer when it came to efficient swaps for large amounts: Curve. That changed with the
April 26, 2022
Breaking: Bored Ape Yacht Club Instagram Hacked, 100+ NFTs Lost
In the time-honored tradition of Bored Ape Yacht Club holders losing their shirts to scams, another hacker has managed to fleece the masses. There’s a twist this time, though: the official Bored Ape Yacht Club Instagram was compromised. The attacker posted a link to a fake BAYC Metaverse land drop, and hoovered up NFTs from
April 25, 2022
Klima DAO – Crypto & Combating Climate Change?
Klima DAO is trying to help solve Climate Change through bringing carbon credit offsets on chain and creating a marketplace for…
April 24, 2022
Vyper for Beginners — Dynamic Arrays
Welcome back to Vyper for Beginners! This lesson covers dynamic arrays, a key data type that was recently introduced with Vyper 0.3.2. This builds off the previous lessons, so please review the series below if you need a refresher or encounter anything here that is unfamiliar. NOTE: Vyper 0.3.3 was recently released, which fixes a
April 23, 2022
AkuDreams Griefed: Careless Code Leads To $45 Million Locked
Refundable auctions are a hot topic today on Twitter. There was the wildly successful Anata NFT drop… and then there was the AkuDreams auction. The auction required users to transfer funds with their bid, and allowed them to claim a refund afterwards if the Dutch auction price dropped below their bid. However, a bug in
April 22, 2022
E-Cash Proposal and CBDC Update
A Bill proposed in the United States House of Representatives asks for the United States Treasury to develop an alternative to a CBDC. The proposal comes as a response to the continued work the Federal Reserve and the US Treasury undergo to develop a CBDC. This is a proposal for a “digital equivalent” to physical dollars.
April 21, 2022
Permisionless Money Markets: Fuse Protocol Overview
Virtually all lending/borrowing protocols are permissioned. Governance or developer intervention is required to support new tokens, etc. There is an important exception to this rule: Fuse. In this article, we’re going to to cover a high level overview of the Fuse protocol ecosystem. Buckle up, kiddos. We’re going on a trip. First, a bit of
April 19, 2022
Beanstalk DAO Exploited For $75 Million
Beanstalk DAO, the innovative stable coin, was exploited for over $75 million dollars. The exploit used a hole in the governance…
April 18, 2022
Vyper for Beginners — Interfaces
Welcome back to Vyper for Beginners! This lesson covers interfaces, the primary gateway that your smart contract will use to share data with other deployed contracts on Ethereum (or compatible blockchains). This builds off the previous lessons, so please review the series below if you need a refresher or encounter anything here that is unfamiliar.
April 17, 2022
What Is An ERC-1155 Token?
There’s a lot to keep up with in crypto, and token standards are no different. The industry is still young, and best practices are still evolving. You may already be familiar with the ERC-20 fungible token and the ERC-721 nonfungible token (NFT) standards. But wait, there’s more! What is an ERC-1155 token, and why do
April 14, 2022
Truflation – The Real Unbiased Inflation Rate Index
Truflation is a decentralized, censorship-resistant, on-chain inflation index that uses Chainlink oracle to provide a better inflation index than CPI. The consumer price index (CPI) just hit a 40-year high of 8.5% for March 2022. However, even with the roaring CPI numbers, there is ample arguments that the CPI number is manipulated downwards. (See this
April 13, 2022
How To Manually Revoke Token Approvals Without Etherscan
I recently did a guest post for the BowTiedBull Substack, diving into how tokens work and common user pitfalls. One of the most requested followups was how to manually revoke token approvals without Etherscan, in case one of the helpers like Etherscan’s approval tool or Revoke.cash went down. The answer to that question is simple,
April 11, 2022
BLOCKS DAO LLC – Trying To Move The World On-Chain
BLOCKS DAO LLC is trying to move the world onto the blockchain by offering off-the-shelf code & multi-sig wallet setup as a service, but…
April 10, 2022