Learn how LunaFi was exploited on the Polygon chain, resulting in a loss of approximately $35,000. — TL;DR On May 22, 2023, the DeFi protocol LunaFi was exploited on the Polygon chain, resulting in a total loss of approximately $35,000. Introduction to LunaFi LunaFi is a peerless and decentralized DeFi betting protocol that provides users with a trustless and secure environment to gamble, invest, and much more.

A spotlight article on Compound Finance with its features, financials, & security record. — Compound Finance is a decentralized lending and borrowing protocol built on the Ethereum blockchain. Cover for Compound Finance is available in the Popular DeFi Apps diversified cover pool. What Makes the Compound Finance Protocol Unique? Compound Finance protocol stands out in the decentralized finance (DeFi) landscape due to several key features and characteristics. …

Learn how Tornado Cash was exploited, resulting in a loss of over $2.77 million. — TL;DR On May 13, 2023, Tornado Cash was exploited in a series of transactions causing a loss of over $2.77 million. Introduction to Tornado Cash Tornado Cash is a fully decentralized protocol for private transactions on Ethereum. Vulnerability Assessment The attack was successful because the exploiter was able to create their malicious proposal using a legitimate proposal…

We are excited to announce that, starting immediately, the Layerzero bridge feature is available to all NPM token holders. This innovative feature allows you to seamlessly transfer your tokens between the Ethereum and Arbitrum networks, providing greater accessibility for our NPM token community. https://arbitrum.neptunemutual.net/bridge https://ethereum.neptunemutual.net/bridge 📌 Exciting Releases on the…

Learn how bond pools help in reducing issues in DeFi 1 and benefit liquidity providers. — One of the challenges faced by projects with DeFi 1 tokenomics is finding a sustainable way of attracting liquidity that doesn’t involve giving away tokens. It is still common to see projects employ a tokenomics model in which liquidity is attracted by airdropping free tokens to liquidity providers. The reason…

A spotlight article on 1inch, its features and the differences between v1 and v2 — Cover policies are available for users of 1inch v2 from the Popular DeFi dApps diversified cover pool, on the Ethereum chain and on Arbitrum. About 1inch Anton Bukov and Sergej Kunz created the 1inch MVP at the ETHNewYork hackathon in 2019. The 1inch protocol is a decentralized exchange aggregator that enables users…

Learn how the SellToken project was exploited, resulting in a loss of funds worth $87,000. — TL;DR On May 13, 2023, the SELLC token of the SellToken project was exploited in the BNB chain, resulting in the loss of approximately $87,000. Introduction to Sell Token SellToken is a decentralized short trading exchange that executes requests based on the operations submitted by users’ short trading requests.

Learn how the SNK token was exploited, resulting in a loss of approximately $197,000. — TL;DR On May 10, 2023, Snooker's Project SNK token on the BNB Chain was exploited, resulting in a loss of approximately $197,725. Vulnerability Assessment The root cause of the vulnerability is a flawed invitation-reward mechanism. Steps Step 1: We attempted to analyze the attack transaction executed by the exploiter. Step 2: The exploiter created multiple attack contracts…

A spotlight article on dYdX, covering its features, financial info, & security record. — Cover policies are available for users of dYdX v3 from the Popular DeFi dApps diversified cover pool, available on the Ethereum chain as well as on Arbitrum. About dYdX The dYdX protocol is a decentralized trading platform built on the Ethereum blockchain that allows users to trade a range of cryptocurrency derivatives…