One flaw in the price-setting mechanism of 42DAO led to one of the most recent disruptions in the decentralized finance ecosystem this year. Hackers took advantage of the vulnerabilities in the oracle design of the protocol. This resulted in the theft of about $912,000 and dropping Balance Coin (BLC) by
GoPlus Security has pointed out three recent Oracle price feed discrepancies related to Moonwell, a DeFi protocol. Its cumulative bad debt has surged with the most recent incident, which dates back to this weekend. This is not a standalone incident, as many more cases surfaced in the past. Discrepancies Noted
Ethereum co-founder Vitalik Buterin has called for a rethink of decentralized autonomous organization (DAO) design, arguing that most DAOs remain stuck in a shallow model that fails to fix the weaknesses of politics and corporate governance. In a Monday post on X, Buterin said today’s DAO blueprint often amounts to
While the crypto market is contending with its recent downward movement, the sector has seen diminished regulatory drama this week. This past day has seen the Donald Trump administration planning to extend the role of CFTC within the crypto industry. Notably, the Oracle Corporation has stirred market attention on the
We’re excited to announce that LBank Exchange—the world-class digital asset trading platform—has integrated Chainlink Price Feeds. By integrating the industry-leading decentralized oracle network, LBank Exchange will have access to high-quality, tamper-proof price feeds needed to help secure perpetual futures trading on the platform. This will provide our users with stronger
Today the need of the hour is decentralizing, in order to solve security issues and provide a reliable system. Decentralized Finance is a new breed that uses blockchain + smart contracts. Smart contract-based blockchain frameworks like XinFin Network and Ethereum may change businesses. The DeFi space is a great example.
Band Protocol is a decentralized blockchain platform which inaugurates its next version of network, “BandChain 2”. The network supports the data providers to access and run nodes without any intermediaries. Band Protocol’s New Version The blockchain platform provides high performance and it is built for the data oracles. The network
