What Does the Curve Crisis Say About DeFi? - Ep. 527
Aug 4, 2023
auto_awesome
Sam Kazemian, founder of Frax Finance and a key figure in decentralized finance, delves into the recent Curve crisis and its implications for the DeFi landscape. He explains how a unique compiler bug led to a significant exploit, draining over $50 million and shaking confidence in major lending platforms. The conversation touches on accountability in the DeFi space, the need for better security practices, and innovative solutions like dynamic debt restructuring to prevent future crises.
While it’s now mostly contained, the Curve crisis has exposed some of the systemic risks in the world of DeFi. Sam Kazemian, founder of Frax Finance, joins the show to discuss what DeFi needs to do to get better – and what builders should learn from a novel attack that was ultimately about much more than $50 million in drained funds.