Is It Exploitation Season for DeFi?

<p><span style="font-weight: 400;">Part of what makes DeFi interesting to people is how it takes advantage of open source protocols to enable types of transactions never before available. The problem, however, is that financial structures mean new financial vulnerabilities. </span></p> <p><span style="font-weight: 400;">In the last few days, two attacks on bZx have used a similar strategy of manipulating the price of synthetic assets in the context of a new instrument called “flashloans.” On this episode of</span> <a href= "https://twitter.com/nlw"><span style= "font-weight: 400;">@nlw</span></a> <span style= "font-weight: 400;">breaks down exactly </span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">How the attacks were carried out </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How the community is responding </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">What the larger ramifications for DeFi might be</span></li> </ul>