0
0
Podcast

Will DeFi Survive This?

What happened to Curve, what's at risk, and what can we learn from all of this?
0
0
Aug 2, 2023 • 1 min read

What happened to Curve, what's at risk, and what can we learn from all of this?

TIMESTAMPS


0:00 Intro

7:23 EVM Exploit Explained

13:21 MEV Bot Sidequest

18:21 CRV Contagion

23:43 A lesson In Leverage

(CORRECTION: The address that exploited the CRV/ETH pool controls .082% of the circulating supply, not the 8% accidentally mentioned in this segment.)

31:43 The OTC Bailout

35:43 Buying Mansions On Leverage

41:43 Second Order Risks

47:43 Who is to Blame?

53:43 Are we in the Clear?

56:43 Lessons Learned

1:01:43 Risks and Disclaimers

RESOURCES

DeFi's Contagion Curveball

https://www.bankless.com/defi-contagion-curveball

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Are you sure you want
to log out?
You'll lose access to your Bankless account until you log back in again. Oh and also, we'll miss you too much! 😢
Cancel
Continue
Account Light mode Log Out