Cryptocurrencydefi News

The latest cryptocurrencydefi stories, each synthesized from multiple sources with added background and context.

"Ethereum's Dencun Upgrade: Making DeFi More Affordable"

Ethereum's upcoming Dencun upgrade, including EIP-4844, is set to significantly reduce transaction fees on layer 2 blockchains, making DeFi activities much cheaper. MakerDAO is adjusting borrowing rates after its peg-stability mechanism nearly ran out of funds, and Jito Labs has suspended its mempool to prevent MEV bots from exploiting Solana traders. Additionally, the demand for US dollar leverage in DeFi is increasing, as evidenced by the high utilization of lending protocol Compound's USDC pool.

2 years ago•Source: DLNews

"DeFi Ecosystem Vulnerable to Vyper Stress Tests"

cryptocurrencydefi

1.86 min•3 years ago

"DeFi Ecosystem Vulnerable to Vyper Stress Tests"

A critical vulnerability in the Vyper programming language has exposed several decentralized finance (DeFi) protocols to stress tests, resulting in the theft of millions of dollars worth of cryptocurrencies. The vulnerability, caused by a malfunctioning reentrancy lock, targeted liquidity pools on the Curve Finance protocol. Pools with wrapped Ether (wETH) are at risk of attack. The incident has affected multiple projects, including Alchemix, PEGd, Metronome, and Curve DAO, with significant outflows reported. The price of CRV has also dropped, potentially impacting Aave's protocol.

via Cointelegraph

DeFi Projects Lose Millions in Curve Pool Exploits

cryptocurrencydefi

3.255 min•3 years ago

DeFi Projects Lose Millions in Curve Pool Exploits

via Decrypt

Featured Cryptocurrencydefi Stories

"Ethereum's Dencun Upgrade: Making DeFi More Affordable"

"DeFi Ecosystem Vulnerable to Vyper Stress Tests"

DeFi Projects Lose Millions in Curve Pool Exploits

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