, some may feel discouraged or wary of entering the space. However, professionals within the crypto space are confident that DeFi will have broader adoption in the future.
The executive also gave advice to DeFi projects in terms of security issues. According to Bukov, performing security audits is of utmost importance. “My advice to any DeFi project is simple – don’t be lazy to do several security audits before releasing any update, this will save you a ton of nerves and highly likely – users’ funds,” he said.
Tolok also told Cointelegraph that a more mature market with more mechanisms that deal with vulnerabilities will eventually lead to more investor confidence.Meanwhile, BNB Chain executive Alvin Kan highlighted the importance of education to spark broader DeFi adoption. Kan told Cointelegraph that there needs to be more education for users. He explained that:
A wider DeFi adoption can only be achieved with the right education. Retail investors need to learn the fundamentals of Web3 , Blockchain and Bitcoin before investing their money into these assets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance – Defi Bitcoin NewsReports detail that the DeFi protocol Lodestar Finance lost roughly $6.9 million from the vulnerability on Saturday. North Korea or Russia no doubt. How do you hack? Arghh. Another hack. Stay safe guys.
Source: BTCTN - 🏆 531. / 51 Read more »
Arbitrum money market Lodestar Finance exploitedThe exploiter was able to successfully manipulate the exchange rate of the plvGLP token to make it 83% more valuable than it should have been. Are you on their payroll? The sound must be louder. Wait what? Exploit 6.5 Mio.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Fed Rate Increases Are Squeezing Consumer-Finance CompaniesCompanies that offer auto loans, mortgages and buy-now-pay-later programs are retrenching. The age of cheap loans are over. That’s why when the the credit cards get max’s and the savings run out, the economy goes boing. Probably in March of 2023. And it will drag on until we use energy independence to built back better… with MAGA LOL
Source: WSJ - 🏆 98. / 63 Read more »
Lodestar Finance exploited in flash loan attackLodestar attack resembled the Mango Markets exploit in which the attacker manipulated price oracle data. Better get some $1Earth Futureemartinez is doing a trading challenge using binance future $10,000 to profit $100,000 in two weeks. Expected monthly Gain %500+ %1500. You can trade without any trading experience,they trade for you automatically with Fx token Bot and they have a full refund policy. These attackers manipulate not only this
Source: Cointelegraph - 🏆 562. / 51 Read more »
The cannabis industry needs the protection of SAFE Banking | OpinionWhile Pennsylvania may have instituted its own SAFE Banking Act, most states have not, leaving many cannabis workers still in danger.
Source: PennLive - 🏆 463. / 53 Read more »