Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, a quiet conclusion to that Curve thing everyone was animated about. Plus, major developments from Web2 giant PayPal as it continues its journey down the crypto rabbithole. Also, is Maker’s juiced DAI Savings Rate the new Anchor? The gang discusses.
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 The Chopping Block got that sweet, sweet Red Bull money
what to make of the Curve hacker’s message after they returned the funds
does Curve trying to dox the hacker proves that Arkham’s model is right?
the lessons from the Curve situation and whether DeFi needs to change
how DeFi protocols could prevent situations where a single entity holds a significant percentage of a token’s total supply
how the enhanced DAI Savings Rate triggered PTSD from other stablecoins (ahem, Anchor)
what the consequences are of increasing the DSR
the gang’s prediction on how much PYUSD will be minted by the end of 2023
Hosts
Haseeb Qureshi, managing partner at Dragonfly
Robert Leshner, founder of Compound
Tom Schmidt, general partner at Dragonfly
Tarun Chitra, managing partner at Robot Ventures
Disclosures
Links
Unchained:
$52 Million Drained in Curve Finance Pools Exploit
Curve Founder’s Liquidation Could Trigger Chaos for DeFi
Curve Exploit Results in Largest MEV Block Rewards in Ethereum’s History
PayPal Launches PYUSD Stablecoin Built on Ethereum
MakerDAO’s Spark Protocol Blocks VPN Users
Curve Opens $1.85 Million Bounty to Identify Hacker
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