The 66th edition of our curated newsletter.
In today’s newsletter we look at:
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- Assessing DeFi Risks
- The Spectrum of DeFi Protocols
- Terra’s Fall
- Indexed Finance’s Hack
- Analysis of Gitcoin’s Airdrop
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How to Assess DeFi Protocol Risks
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While DeFi protocols tout many benefits, such as increased transparency, accessibility, and decentralisation, there are underlying risks. And when it comes to anything to do with finances, learning how to assess risks is a fundamental skill.
This article highlights in easy to understand language the different aspects of DeFi protocols one needs to analyse. Smart contracts and what to look for, over-centralisation of the admin side, and how to develop your safety framework.
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Coinbase has become the first crypto company to enter the Fortune 500, which ranks the largest companies in the United States by annual revenue,
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#protocols #decentralised
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The Spectrum of Resilience Levels in DeFi Protocols
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The recent fall of the Luna ecosystem is a stark reminder that not all DeFi protocols are created equal.
If you’re dabbling in DeFi, you should be seeking knowledge to understand the sustainability of the different protocols. TokenBrice published a concise article explaining and analysing the most resilient protocols.
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Terra and the Future of Crypto
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With the crash of UST and Luna came the red bars for the rest of the crypto ecosystem. The event wiped $400 billion in value from crypto market capitalisation.
Time expects the de-pegging of UST to the dollar to bring tighter crypto regulations, VC funds drying out, algorithmically traded stablecoins may no longer be trusted, and the DeFi hype may be over. What do you think?
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Ethical Conundrum After Exploit
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Indexed Finance had an exploit uncovered by an 18-year-old maths prodigy, Andean Medjedovic. Usually, when this happens, and the cyberattacker is identified – funds are returned, and sometimes they receive a bounty for finding a weakness.
Medjedovic decided against returning the funds, stating he executed legal trades as he “interacted with the smart contract according to its very own publicly available rules“. Read Bloomberg’s in-depth investigation here.
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The Gitcoin DAO and its Airdrop
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Gitcoin, a platform where contributors earn bounties from open source projects and receive grants, recently decided to decentralise and become a DAO (decentralised autonomous organisation).
Gitcoin utilised an airdrop mechanic to emit over 10.5 million GTC tokens. ARCx has put together an insightful analysis and summary of the event, highlighting what went well and what can be improved.
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Let’s Talk Careers in Fintech Today
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Join us on the journey we’re on. No matter where are you from.
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