Daily Archives: 02/11/2020

Research: Most DeFi projects remain centralized

According to a joint report by think tank DappRadar and Monday Capital, most DeFi projects have a high degree of centralization due to the token distribution model. The authors of the report stated that in the MakerDAO, Curve, Compound and Uniswap projects, tokens are unevenly distributed, which creates favorable conditions for large holders. The Maker control system is the most “mature”. At the MakerDAO forum, community members can conduct a preliminary analysis and discuss the…

Harvest Finance has increased the reward for returning stolen cryptocurrencies to $ 1 million

The management of the Harvest Finance project, which works in the field of decentralized finance (DeFi), has increased the fee from $ 100,000 to $ 1 million for assistance in the return of stolen cryptocurrencies. Recall that on October 26, hackers attacked the Harvest Finance protocol and withdrew cryptocurrencies worth about $ 34 million, using an instant loan to manipulate the prices of fUSDT and fUSDC. The developers of Harvest Finance turned to the cryptocurrency…