Will DeFi Survive This?

Bankless - A podcast by Bankless

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A special mid-week episode is in order as we discus the string of events that led to one of the largest risks DeFi has faced in a long time. What happened to Curve, what's at risk, and what can we learn from all of this? Ā  *CORRECTION: The address that exploited the CRV/ETH pool controls .082% of the circulating supply, not the 8% accidentally mentioned in this segment. ------ šŸš€Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionlessĀ  ------ šŸ“£ STADER LABS | ETHX LIQUID STAKING https://bankless.cc/StaderĀ  ------ BANKLESS SPONSOR TOOLS: šŸ™KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2Ā  Ā ā  šŸ¦ŠMETAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMaskĀ Ā  āš–ļø ARBITRUM | SCALING ETHEREUM https://bankless.cc/ArbitrumĀ  Ā ā  šŸ›žMANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/MantleĀ  ā  šŸ‘¾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmapĀ  šŸ—£ļøTOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/TokuĀ  ------ TIMESTAMPS 0:00 Intro 7:23 EVM Exploit Explained 13:21 MEV Bot Sidequest 18:21 CRV Contagion 23:43 CORRECTION: SEE SHOWNOTES* 31:43 The OTC Bailout 35:43 Buying Mansions On Leverage 41:43 Second Order Risks 47:43 Who is to Blame? 53:43 Are we in the Clear? 56:43 Lessons Learned 1:01:43 Risks and Disclaimers ------ RESOURCES DeFi's Contagion Curveball https://www.bankless.com/defi-contagion-curveballĀ  ------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures ā Ā