Cross-chain swap and DEX aggregator platform LI.FI protocol was hacked yesterday, March 20th, for over 200 Ether. The attacker used a weakness in the protocol’s core offering, the swap function, to launch an attack that stole from a contract which doesn’t hold any funds. How is that even possible? The answer lies in token approvals. … Read more
Avalanche Multiverse and Defi Kingdoms: Crystalvale The Avalanche Foundation recently announced the Avalanche Multiverse, a $290MM incentive program aimed at accelerating the growth of Avalanche subnets. The first recipient of these incentives is none other than the popular GameFi dApp Defi Kingdoms. In December 2021, after it had already become the most popular dApp on … Read more
Hive Investments is the latest DaaS node project preparing to launch but using NFTs and and including a new NFT marketplace on Polygon…
Explaining what happened with Infura and MetaMask, and OpenSea. Clarity and next best steps provided. If you haven’t already, buy a hardware wallet.
On Wednesday, February 23 2022, Hiro Hyperchains were announced. Hiro Hyperchains are a new, open-source development coming to the Stacks (STX) blockchain in summer 2022. STX brought smart contracts to Bitcoin a little over a year ago. Hyperchains are the first proposed scaling solution for the STX blockchain. As the transaction volume on the STX blockchain has increased, users … Read more
At this point, most DeFi protocols at least brand themselves as a Decentralized Autonomous Organization, or DAO. This form of on-chain governance places operational control of the protocol in the hands of token holders, rather than a centralized body. If incorrectly implemented, DAOs can be vulnerable to hostile takeover by malicious actors, aka a governance … Read more
Uncovering what is behind the growth of DeFi, NFTs, and why Ethereum is the most widely used blockchain in the world.
There’s a whole new Joe in town. TraderJoe is the largest DEX (Decentralized Exchange) on the Avalanche blockchain. TraderJoe tokenomics will change via adjustment of the staking mechanism. To do this, TraderJoe will move from one to three separate staking mechanisms. The new staking mechanisms are: rJOE sJOE veJOE Currently, JOE is staked for xJOE which earns rewards in JOE. The new … Read more
Updated Feb. 20th – On February 19th, several owners of high-value NFTs had their entire collection of Opensea-listed assets pulled out from under them by an unknown attacker. Either the new Opensea contract was hacked, or users were hit by a phishing attack. Any users who interacted with Opensea’s new contracts should consider revoking the … Read more
Ask anyone about a DeFi token or NFT project, and their answer will probably include “DYOR” somewhere. Telling someone to Do Your Own Research is useful for absolving yourself of blame for their aping, but little else. Smart contracts are complex beasts. Fully auditing a protocol yourself before interacting with it is simply not practical … Read more