Synthetix Trader Rolls Back Broken Trades That Netted $1 Billion Profit
A rogue API caused Synthetix pricing to go wild. A bot profited, but the bot owner rolled back the trades.
A pool of sBTC, renBTC and WBTC is helping Synthetix draw the attention of DeFi's growing horde of yield farmers.
Synthetix is putting over $40,000 in crypto on the line to entice users to try out the faster beta of its decentralized exchange (DEX).
Dollar-linked "stablecoins" are being used in exotic cryptocurrency trades, similar to the way money markets serve as liquidity on Wall Street.
Yesterday Chainlink released price reference data for 25 of its decentralized oracle networks which, together, power more than $100m in DeFi.
NLW discusses forthcoming changes to US accredited investor laws and looks at a trend of DeFi companies looking to become more decentralized in 2020.