Unchained The Chopping Block: Curve Crisis Concludes With a Whimper, PayPal’s PYUSD Raises New Questions - Ep. 529
Aug 10, 2023
This discussion dives into the unexpected quiet aftermath of the Curve hack, exploring the hacker's mixed messages and the ethics of doxing. The hosts ponder whether concentrated token ownership could reshape DeFi protocols. The enhanced DAI Savings Rate stirs memories of past stablecoin rollercoasters, provoking a debate about its potential risks. Plus, playful speculations unfold on the future of PayPal’s USD as the team navigates the complex intersection of traditional finance and cryptocurrency, all wrapped in humor and insight.
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Curve Exploiter Returns Funds
- The Curve exploiter returned $12.7 million in AL ETH to Alchemix after hacking their stable-to-stable pool.
- They claimed they did it not because they could be found, but because they didn't want to ruin the project.
Curve Doxing Bounty
- Curve placed a $1.85 million bounty for information leading to the hacker's doxing or conviction.
- This incentivizes community members to help identify the exploiter.
Decentralized Governance Nuances
- DeFi users and DAO voters often overlook the flexibility and limits of decentralized mechanisms.
- Understanding these nuances is crucial for assessing risk, especially regarding single borrowers holding a large percentage of a token's supply.