Tender Finance

Billions of dollars are locked in crypto assets that cannot be collateralized, including tokens, LPs, vaults, and derivatives

Few productive opportunities exist for these assets even if they have a large market cap e.g. ADA, XRP, ALGO, DOGE Existing liquidation mechanisms cannot access off-chain liquidity, making it impossible to collateralize these assetsLiquidators can takeover loans in violation of margin requirements by depositing collateral and then liquidating off-chain

Liquidation triggers a dutch auction, with an escalating % discount on collateral value, prioritizing more efficient liquidators Liquidations can be conducted on-chain, like a standard DeFi lending market, but users of our protocol are given boosted discounts to resist MEV

$HAI hackenclub hackenai 🤩🤩

good shit, ~100k is a good payday

The latest update from the platform claims that a white hat hacker has made contact, and discussions are underway to recoup assets taken during the exploit.

Just read the post from crypto_gossiper that it has been recovered now.

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How are crypto launchpads revolutionizing the DeFi industry?The Web3 capital ecosystem has its own version of accelerator programs in crypto launchpads. But are these beneficial models? Revolution to DeFi is coming The problem with many of these IDO launchpads is that the smart contract audits, KYC processes and validations assessments are not standardised. 4,6 Billion USD and 10.000 tokens launched on binance and ethereum in 2022. More than 90% bore characteristics of being fraudulent.
Source: Cointelegraph - 🏆 562. / 51 Read more »