Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, Laurence Day, smart-contract sleuth and co-founder of Wildcat Finance, joins the show to discuss the ramifications of the Curve Finance exploit that has the DeFi world talking.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights:
how Curve Finance, one of the most prominent DeFi protocols, got hacked
why maintaining different coding languages and clients is so hard
whether developers are responsible for this kind of attack
whether Curve founder Michael Egorov’s loans in Aave and Fraxlend have put DeFi at risk
how the loan in Fraxlend impacted the liquidation price of the Aave loan
Tarun’s reaction to the situation, given that his firm Gauntlet has tried to mitigate these risks in the past
how people in the community worked together to keep DeFi safe and resilient
why Tarun got canceled on LinkedIn
what happened with the BALD meme coin mania on Base
Hosts
Haseeb Qureshi, managing partner at Dragonfly
Tom Schmidt, general partner at Dragonfly
Tarun Chitra, managing partner at Robot Ventures
Guest:
Laurence Day, co-founder of Wildcat Finance
Disclosures
Links
Unchained:
BALD Token Falls 90% Amid Rug Pull Allegations
$60 Million in ETH Bridged to Coinbase Layer 2 Base
Curve Founder’s Liquidation Could Trigger Chaos for DeFi
$52 Million Drained in Curve Finance Pools Exploit
Curve Exploit Results in Largest MEV Block Rewards in Ethereum’s History
CoinDesk:
Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation
Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses
Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes
After the Curve Attack: What's Next for DeFi?
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