In the "iosgdefi summit 2020" round table, focusing on the "unsolved problems, core concerns and future views" in the development of DFI, Zhou Shuoji, founder of fbgcapital, said that currently, difi mainly focuses on deriPrecious Metals Forumvatives and the landing of derivatives, because there are many projects being tried, such as introducing the design of single LP derivatives. The second is aggregation, which pays attention to the liquidation link and also prevents attacks. The second is depth. In addition, we also need to pay attention to financial related matters, and be able to do some financial services on the chain. You can also focus on compliance opportunities. According to a Qiu of d1ventures, what defi faces more is the imperfection of the underlying chain: first, the performance and scalability of the underlying chain are basically to the limit. Whether there is a better solution to provide scalability and stability is the key point. Second, the core elements that blockchain can provide are not perfect. Although it is also involved in the investment and liquidity of the defi project, it is more of an attempt. Which underlying projects can provide stable and scalable services and bring in the underlying assets are the basic elements of the portfolio, and then there will be the following defi, which is the greatest opportunity. Zhu Weiyu, the founding partner of ngcventures, said that at present, there is still a lack of digital identity and digital credit. Now, defi lending is basically mortgage lending, which is a large share in the traditional market, but not a complete share. For many people, credit loans can be used as a supplement to mortgage loans, which can be more flexible and have higher capital returns. If there are several systems that can help you identify yourself, there is a greater development space for difi. If there is a good service provider, it is also an opportunity to combine defi with KYC / AML.
Before the launch of the governance token yfi, its total assets under management was about 8 million US dollars, and its comprehensive yield was about 10.5%. Its working principle is to automatically deposit stable currency, and to realize income through AAVE, compound and dydx. yEarn.finance It is a re launched product, bringing a new set of yield tools, such as ytrade, yliquidate, yleverage, ypool and smart contract credit entrusted loan. Andre cronje, founder of iearniearn Andre yfiyearnyvault, said that considering that system rewards can fully cover operating expenses and there is no need to issue additional yfi immediately, it is suggested that operating expenses such as audit and deployment costs should be paid before system awards are used for governance purposes. However, there is still a vote on whether to allocate the system reward as operating expenses. A vote will be held this week in favor of the plan to use incentives to pay operating costs, rather than to create additional yfi, while opposing the plan to provide incentives to Pledgors on a continuous basis.
Altair upgrade will be deployed at 20:00 on June 5, including 1. SNx clearing mechanism (sip-15), fee difference mechanism (sip-56) and permanent read-only agent. Among them, the SNx clearing mechanism creates a clearing mechanism for the pledge SNx with insufficient pledge rate, which can redeem synths at discount price (liquidation penalty). The cost difference mechanism will enable protocoldao to configure different transaction costs for each synth through SCCP. After the deployment upgrade, the system will shut down for several hours. During this period, users will not be able to interact with the system, including using mintr or Synthetix.Exchange And transfer SNx or synths.
According to the slow fog technology anti money laundering (AML) system statistics, the attacker deployed the attack contract (0x538359785a) 759d91d) from Lendf.Me According to the asset statistics, the accumulated loss is about 24696616 US dollars,
Kain Warwick, founder of synthetix, wrote a paper on community development and syntax governance. According to the article,
Called shapeshift or Bancor, it's launched on the main network. Writing with Vyper, gas consumption is extremely low. Uniswapuniswapuniswapuniswapuniswapuniswapuniswapuni view more, radarradar radar builds products for the next financial system. At present, financial institutions are evenly distributed, but users' access to financial infrastructure is not. Our financial system is changing as technology companies compete with traditional financial services to open global access. Digital assets, emerging digital banks and mobile payment companies are striving to build a bPrecious Metals Forumetter and more inclusive financial system. Disruptive innovation is accelerating this change. Radarradar looks at more relays, and IDEX is more prominent in terms of the number of trading users.
The June report on the cryptocurrency market released by sfox, a cryptocurrency trader, shows that the fluctuation level of mainstream cryptocurrencies is moving towards a more homogeneous direction, but whether this is a long-term trend needs to be observed. Despite the strong employment report in the United States, the rise in the S & P 500 index and bitcoin bitcoin, a cryptocurrency that is not universally available worldwide, most countries consider bitcoin to be a virtual commodity, not a currency. The concept of bitcoin was born in a paper signed by Nakamoto Nakamoto in 2008. On January 3, 2009, based on the peer-to-peer network without borders, it was invented with consensus initiative open-source software. The number of bitcoin agreements is capped at 21 million to avoid inflation. Using bitcoin is to use the private key as a digital signature, allowing individuals to pay directly to others without going through third-party institutions such as banks, clearing centers, securities dealers, etc., thus avoiding the problems of high fees, cumbersome procedures and regulatory issues. Any user who has a digital device that can connect to the Internet can use it. Bitcoin btcbitcoin see more price falls at the same time, but the correlation between the two has not been confirmed. In theory, the trend of bitcoin may be just a price drop caused by a technical break, rather than a response to US employment news. As of June 2, it ranked first for two consecutive months (16.15% this month), which may reflect the rebound in the market value of DFI and the preparation of market participants for Ethereum 2.0. Novel coronavirus pneumonia, novel coronavirus pneumonia, has fallen sharply since the beginning of the new crown pneumonia pandemic. However, it has almost recovered to the peak before the outbreak of new crown pneumonia. In June 6th, the total assets of the DeFi ecosystem locked in June 6th were again over 1 billion US dollars. DeFiPulse data showed that the market value of the new peak pneumonia had almost recovered to the peak before the outbreak of the new crown pneumonia.
Kavalabs, a cross chain defi lending platform, has audited the code system of harvest module through certik, and has successfully verified the credibility of the application. Certik uses dynamic analysis, static analysis and manual review technology to Harvest.io A comprehensive inspection was carried out. During the audit process, special attention was paid to the following points: Test smart contracts against common and uncommon attack vectors; evaluate code base to ensure compliance with current best practices and industry standards; ensure contract logic meets customer specifications and usage intent; and;
The official blog of picklefinance, a defi project, reveals the latest progress of the attack. The blog reviews the whole process of the attack. After the incident, several white hats, including year's core developer banteg, contacted picklefinance's core developers to reverse engineer the transaction and reproduce the attack. Finally, it is confirmed that this is a very complex attack involving multiple components of pickle protocol. So far, no other funds are at risk. In addition, the picklejar controller vulnerability has been fixed,