After close to a month of consulting with industry experts and journalists within Cointelegraph and without, we’re proud to unveil a new segment for Finance Redefined, a.k.a. the premier DeFi industry newsletter: on-chain analysis. Reporters will often look to public records to bolster stories, and the blockchain is no different. Everything from analyzing the wallet of the fake … [Read more...] about Alchemix rugpull remuneration, and Aave v. 2.5! June 16-23
Alchemix
Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall
It’s as miraculous as Aladdin taking off on a magic carpet: in a possible first, some of the users of a decentralized finance protocol were the ones to benefit today from an exploit, turning the concept of a ‘rugpull’ on its head. A colloquialism for when liquidity is drained from a project (often an unscrupulous founder or developer draining the funds themselves), depositors … [Read more...] about Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall
Alchemix announces $4.9 million raise led by CMS, Alameda, and e-Girl Capital
A fast riser in the decentralized finance (DeFi) world has announced a $4.9 million raise today led by major industry venture capital groups — as well as some unusual, upstart players. Alchemix, a DeFi lending protocol whose loans automatically repay themselves via deposits into other yield-bearing protocols, announced on Discord today a $4.9 million raise led by ten investors … [Read more...] about Alchemix announces $4.9 million raise led by CMS, Alameda, and e-Girl Capital