Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
After Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed.
PeckShield estimated that the initial attack vector required for this interaction costs just 1.76 Ether (ETH).
Continue reading MakerDAO community votes to approve custody of $1.6B in USDC with Coinbase Coinbase Prime, an institutional prime brokerage platform for crypto assets, announced on Oct. 24 that it has entered into a partnership with MakerDAO to become a custodian of $1.6 billion worth of the stablecoin USDC, of which MakerDAO is the largest single holder.
Data from Cointelegraph Markets Pro and TradingView show that DeFi’s top 100 tokens by market capitalization had a bullish week, with the majority of the tokens trading in the green on the 7-day chart, barring a few.
Thanks for reading our summary of this week’s most impactful DeFi developments.
Source: Cointelegraph
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