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Author Topic: 5 DeFi Projects That Successfully Came Back From Exploits/Hacks  (Read 566 times)

Offline EAA-ALLAH

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5 DeFi Projects That Successfully Came Back From Exploits/Hacks
« on: February 21, 2021, 04:15:28 PM »
1. Compound (COMP)
2. Yearn Finance (YFI)
On Feb 5., 2021, Yearn Finance’s yDAI vault saw an exploit that resulted in the loss of $11 million.
In what may have been a silver lining, the hacker reportedly didn’t pocket the full $11 million as fees for the attack totaled $8.5 million.
3. SushiSwap (SUSHI)
In January this year, an opportunistic SUSHI user discovered a loophole that allowed them to effectively steal 81 ETH (worth around $103,842, at the time).

4. Cover Protocol (COVER)
5. Alpha Finance Labs (ALPHA)

It currently has over $5.25 billion in total value locked (TVL). This makes it the third largest DeFi project, behind Aave (AAVE) and Maker (MKR).
 November last year, an error or malicious attack exploited a Coinbase oracle which the platform used to set the value of the dai (DAI) stablecoin. The bug or attack caused the price of the stablecoin to reach $1.30.

More information:Read



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5 DeFi Projects That Successfully Came Back From Exploits/Hacks
« on: February 21, 2021, 04:15:28 PM »

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Offline krypto4uvak

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Re: 5 DeFi Projects That Successfully Came Back From Exploits/Hacks
« Reply #1 on: February 27, 2021, 07:54:08 AM »
Yes, these projects are very cool and very promising. I am very sorry that I did not believe in them and did not buy their tokens at the very beginning.
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Offline dragononcrypto

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Re: 5 DeFi Projects That Successfully Came Back From Exploits/Hacks
« Reply #2 on: February 27, 2021, 12:13:16 PM »
I hold a decent amount of Compound and some Sushi, mainly because of how destroyed they got against Bitcoin and how well they've been recovering so far, as well as being a great discount still. I think once the price has recovered to where it came from for both these projects they will go very far  8)

As for yearn, I don't get it. This coin won't stop dumping! I have stop buys for the next breakout as usually good for a 2x scalp trade, but otherwise was very surprised there was no speculation regarding Greyscale investments setting up a trust. Looking at their trusts for a different small cap coin like Horizon/ZEN you'll see why it helps! I'm therefore mainly only buying it as Greyscale are, but also waitng for them to start pumping the price a bit before jumping in  ;)

The yearn ecosystem does interest me though, but the amount locked up in it so far seems abysmal. No idea why Greyscale chose it to be honest, would of made more sense to go with AAVE, COMP, UNI, SNX or generally one of the more valuable protocols for next trust but what do I know.

Offline ttcsalam

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Re: 5 DeFi Projects That Successfully Came Back From Exploits/Hacks
« Reply #3 on: February 27, 2021, 02:00:46 PM »
1. Compound (COMP)
2. Yearn Finance (YFI)
On Feb 5., 2021, Yearn Finance’s yDAI vault saw an exploit that resulted in the loss of $11 million.
In what may have been a silver lining, the hacker reportedly didn’t pocket the full $11 million as fees for the attack totaled $8.5 million.
3. SushiSwap (SUSHI)
In January this year, an opportunistic SUSHI user discovered a loophole that allowed them to effectively steal 81 ETH (worth around $103,842, at the time).

4. Cover Protocol (COVER)
5. Alpha Finance Labs (ALPHA)

It currently has over $5.25 billion in total value locked (TVL). This makes it the third largest DeFi project, behind Aave (AAVE) and Maker (MKR).
 November last year, an error or malicious attack exploited a Coinbase oracle which the platform used to set the value of the dai (DAI) stablecoin. The bug or attack caused the price of the stablecoin to reach $1.30.

More information:Read
All of defi project is perform very good last year such as MKR is on of the best project.because MKR is bettar performed from ethirum.for that reason i am very egarly to invest some new defi project.

 

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