Is It Exploitation Season for DeFi?
Are two recent attacks taking advantage of "flash loans," low liquidity and price oracle issues the first of more to come?
dYdX
Perpetual swaps that track the price of ether are coming to dYdX, the company announced Tuesday.
Andreessen Horowitz-backed dYdX released its Bitcoin Perpetual Contract out of private alpha on Wednesday, bringing a key BTC derivatives product to DeFi.
Bitcoin experienced heavy selling Tuesday, while traders are finding profits in stablecoin borrowing strategies.
Volatility amid the COVID-19 pandemic has proven attractive to traders.
So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.
dYdX
