On Hacks, Use Cases & Deep dives.
20 Jun 2023 1 minute read 0 comments Arhat
Frax Ether made a bold move on June 11, burning a massive amount of frxETH to keep its peg to ETH, despite losing ~$23.4M in the process. Frax Ether mints $frxETH and pairs it with ETH in a Curve pool to provide liquidity. FrxETH and ETH are alw...
18 Jun 2023 1 minute read 0 comments Arhat
Yesterday PawnFi was exploited of NFTs and APE tokens. This is how the hacker exploited the platform (Refer to the visual below): 1. The attacker found an NFT already staked in the APE Staking Pool by another user. The NFT was used as collateral to...
16 Jun 2023 1 minute read 0 comments Arhat
A few weeks ago, I posted a deep dive on how most Liquid Staking Tokens were in Crisis. Over the summer, LSTfi term was discussed & hyped around. LSTFi is about making the most of your LSTs, like creating stablecoins backed by them. But here’s the ca...
13 Jun 2023 1 minute read 1 comment Arhat
Features of Uniswap v4: Customizable pools through hooks: Allows developers to create custom pools with arbitrary code hooks, which can be used to implement new features or augment existing ones. Flash accounting: Reduces the number of external tran...
12 Jun 2023 1 minute read 2 comments Arhat
Sturdy Finance was hacked by an unknown attacker who exploited a reentrancy vulnerability and a faulty price oracle to steal 442 $ETH or about $800,000. Here's how it happened: The attacker deposits some $ETH into Sturdy Finance's lending pool an...
11 Jun 2023 1 minute read 0 comments Arhat
This is an opinion I raised a few weeks ago about Magic Eden. Magic Eden is desperately trying to regain its relevance in the NFT space by bribing traders to use its platform with a pathetic “chapter two” scheme. It will involve some half-hearted at...
11 Jun 2023 1 minute read 1 comment Arhat
Crypto is amazing & I believe in BTC, stablecoins, NFTs, and DeFi, and I think they have a bright future. But when it comes to the metaverse, I’m skeptical. After Apple’s WWDC23, I decided to visit Decentraland and see how they have been doing. What...
6 Jun 2023 1 minute read 0 comments Arhat
Binance Smart Chain Mainnet will undergo the Luban hard fork in a few weeks on June 11th. Luban hard fork to include 3 BEPs: -- BEP-126: Introduce Fast Finality Mechanism. -- BEP-174: Introduce BSC Extension Protocol. -- BEP-221: Introduce BSC Fee M...
5 Jun 2023 1 minute read 0 comments Arhat
MakerDAO proposes to boost DAI demand & stability with parameter changes. Is this the game plan to strengthen $DAI when $crvUSD launches? Understand in simple terms. Details below: This proposal is to change some parameters of the Maker protocol, w...
5 Jun 2023 1 minute read 2 comments Arhat
Lido now controls 32% of all staked $ETH. The subreddit r/ethfinance raised some serious concerns over Lido's dominance with ETH staking. I think we should all be concerned a bit. Here's why Lido is the king of $ETH staking. Some, including me, are...
