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So Now They’re Hacking DeFi Protocols Before They’ve Even Launched?

So Now They’re Hacking DeFi Protocols Before They’ve Even Launched?

FromThe Breakdown


So Now They’re Hacking DeFi Protocols Before They’ve Even Launched?

FromThe Breakdown

ratings:
Length:
12 minutes
Released:
Sep 30, 2020
Format:
Podcast episode

Description

DeFi is one of the breakout crypto categories of 2020. Indeed, yield farming and the grand game of “money legos” has been so profitable that many are following every new protocol with rapt attention.  This is all the more true for projects graced by YFI creator Andre Cronje. So when word got out about a new, pre-release game economy engine called “Eminence,” the DeFi degens took advantage of the permissionless nature of DeFi to pump $16 million or so into EMN.  What happened next was arguably the first pre-release hack in DeFi’s history. This episode breaks down what happened and what it means for the fledgling field.
Released:
Sep 30, 2020
Format:
Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.