Tag: riskmodel

Loopscale's $5.8M Hack: A DeFi Risk Model Failure?

Loopscale's $5.8M Hack: A DeFi Risk Model Failure?

Meanwhile, Loopscale — a DeFi lending protocol on Solana — has taken a six-figure hit. On April 26th, $5.8 million disappeared, consisting of 5.7 million USDC and 1200 SOL. Ouch. Undercollateralized loans were the attacker’s weapon of choice. Lending markets are currently paused, however, even though some functions have restored....

Further Reading

DEXs: The Wild West of Web3 Art and Finance is Here

DEXs: The Wild West of Web3 Art and Finance is Here

Forget Wall Street. Forget Sotheby's. The real revolution in art and finance isn't happening in oak-paneled boardrooms, it's unfolding on decentralized exchanges. And trust me, it's a wild ride.Art Galleries? Pshaw! DEXs DeliverHaving spent the better part of the last decade deep in the NFT ecosystem, I’ve seen promising artists...

5 Ways DEXs Are Quietly Eating Traditional Finance's Lunch

5 Ways DEXs Are Quietly Eating Traditional Finance's Lunch

Let's be honest, traditional finance feels like that old, stuffy restaurant clinging to outdated recipes while the world craves something fresh and exciting. That fresh and exciting is quickly shaping up to be Decentralized Exchanges (DEXs). While Wall Street execs are worried about how big their bonuses are going to...

Bitcoin Hyper's $5.8M ICO: A Layer-2 Revolution or Just Another Altcoin?

Bitcoin Hyper's $5.8M ICO: A Layer-2 Revolution or Just Another Altcoin?

We know that the digital asset space is a busy and crowded stadium. Each week, it seems, we have a new shiny object that comes onto the scene, the next big thing everything’s betting on to be the superstar. Bitcoin Hyper (HYPER), riding high after its $5.8 million ICO, is...

Bitcoin Hyper: The AI Crypto Meme Coin That Could Actually Moon?

Bitcoin Hyper: The AI Crypto Meme Coin That Could Actually Moon?

Alright, listen up, degens. Doge went to the moon baby! In the meantime, Shiba Inu marched its way into the top 10, and the army of Pepe derivatives has us reeling. Are you ready for Bitcoin Hyper? Or are you about to be hit by yet another passing fad meme...

Ethereum's Decade: From Revolutionary to Reliant?

Ethereum's Decade: From Revolutionary to Reliant?

Ethereum. Ten years. An eternity in crypto years. It began with a dream, an ethereal whitepaper heralding an age of decentralized apps. Now, as we celebrate a decade of innovation and disruption, a crucial question lingers: Has Ethereum, in its pursuit of scalability and mainstream adoption, strayed too far from...

Ethereum at 10? More Like Level 10 Boss Unlocked!

Ethereum at 10? More Like Level 10 Boss Unlocked!

Okay, Ethereum's officially a decade old. Ten years. That’s, like, middle school years in crypto time. And honestly? It’s akin to having just found the key to a extremely difficult hidden boss battle. Get over the adorable, snuggly, “blockchain for all” nonsense. We’re talking about fire-breathing dragons, laser-eye robots, the...

GOAT Network's ZK Proofs: Bitcoin's Hottest New Meme?

GOAT Network's ZK Proofs: Bitcoin's Hottest New Meme?

Okay, hear me out. I know, I know. In the Bitcoin world, comparing anything to Dogecoin is akin to blasphemy. Come on, we know the crypto market is fueled by memes. So too is GOAT Network, as with its BitVM2 and Bitcoin yield via ZK proofs pledges, ready meme-ified. I’m...

GOAT Network's ZK Proofs: Bitcoin Yield Savior or Overhyped Mirage?

GOAT Network's ZK Proofs: Bitcoin Yield Savior or Overhyped Mirage?

GOAT Network is making waves, promising Bitcoin holders the holy grail: scalable yield without selling their precious sats. The hook? An BitVM2-based ZK rollup that settles natively on Bitcoin, with mega turbo-fast proofs. Sounds amazing, right? Let's pump the brakes a bit. We've seen this movie before. Recall all the...