Finance Redefined: DeFi gets its first merger after a devastating hack, Nov. ...

Finance Redefined: DeFi gets its first merger after a devastating hack, Nov. ...

Pickle Finance got hacked so badly on Saturday that its developers asked to be merged into Yearn. Finance Redefined is Cointelegraph’s weekly DeFi-centric newsletter, delivered to subscribers every Wednesday.On Saturday, we saw one of the most complex smart contract hacks yet affecting Pickle Finance, a yield optimization protocol very similar to Yearn — an important point for later.PeckShield provided a technical explanation for it, but I think only Solidity developers can really understand it. The high-level take is that the hacker found two textbook examples of code vulnerabilities in....


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Finance Redefined: One hack to bring down a whole market, Feb 10–17

The Alpha Homora hack is still rippling through markets. Finance Redefined is Cointelegraph's DeFi-centric newsletter, delivered to subscribers every Wednesday.The Alpha Homora and Cream Finance hack has made a gigantic mark in the DeFi space this week.It is the largest single hack in DeFi history at $37 million in funds stolen. It is also one of the most complex, apparently leveraging several honest-to-God vulnerabilities in Alpha Homora. A few missing input checks in very specialized conditions allowed the hacker to abuse Alpha Homora’s privilege of borrowing an unlimited amount of funds....

Finance Redefined: What’s a DeFi merger, anyway? Nov. 25–Dec. 2

Yearn “acquisitions” dominated headlines this week. The biggest events in DeFi this week all involved Yearn.finance, the yield farming optimization protocol. I covered the first, Pickle Finance, in my last installment.Since then, we’ve seen integrations with Cream Finance, a lending protocol similar to Compound; Cover Protocol, an insurance provider that recently paid out users for the Pickle hack; Akropolis, another protocol primarily dealing with yield optimization; and as the most significant of all, SushiSwap, the decentralized exchange born as a Uniswap parasite.The Yearn ecosystem....

‘Better as friends’: DeFi protocols Yearn and Cover announce cessation of merger

The relationship is "c-over" between Yearn Finance and Cover, an emotional split related to a new protocol from Cover developers. Decentralized finance (DeFi) protocols Yearn Finance and Cover have announced today the end of a protocol merger process initiated in November last year. The two protocols were initially linked during a spree of a half-dozen Yearn acquisitions, mergers, or collaborations, the exact term depending on the project. The split comes as a surprise to many, given that Cover, a protocol that provides coverage or insurance for DeFi deposits, was a natural fit for yield....

Yearn Finance Set to Gobble Up SushiSwap for Its Fifth DeFi Merger

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Finance Redefined: Swindling the lender and a $100M pot, Aug. 30–Sept. 3

Hackers run wild, but DeFi marches on — all that and more in this week's Finance Redefined. Welcome to the latest iteration of Cointelegraph’s decentralized finance newsletter.Just as quickly as the summer departed from our calendars, millions of funds were hacked from the wallets of Cream Finance. This has been another jam-packed week in the DeFi space. Here are some top picks for the biggest stories in what is my debut appearance as Finance Redefined’s newsletter writer.What you’re reading is the shorter, snappier version of the newsletter. For the full roundup of DeFi developments....