Level Finance was hacked on May 2. According to on-chain data, the hacker stole over $1m worth of BNB and is now moving the funds to Tornado Cash
Arbitrum-based Jimbos Protocol was hacked for a little over 4000 Ethereum (ETH) — roughly $7.5 million — using a flash loan exploit on May 28. Blockchain analytics firm PeckShield first raised the alarm and alerted Jimbos and the community about the exploit. The protocol’s native token crashed by approximately 40% to $0.19 from $0.31 after […]
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Jimbo, a decentralized finance (DeFi) protocol, is the latest to suffer an attack resulting in the loss of 4,090 ethereum (ETH), worth $7.5 million
MakerDAO’s new proposal aims to increase DAI savings rate to 3.33%, potentially reshaping DeFi interest rates and attracting more capital to DAI.
Decentralized finance (DeFi) protocol MakerDAO increased its DAI savings rate (DSR) to 1% in December 2022. The move led to over 35 million DAI being deposited within a month, as per MakerDAO. Now, a new proposal to increase the DSR to 3.33% is under discussion. The proposal was put forth by risk management firm Block Analitica […]
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Self-executing DAO proposals are the pinnacle of autonomy for decentralized communities. Still, the feature comes with a lot of baggage.
