#protocol governance

[pavel-nosok]

Web 3 Streaming Platform Audius Hacked, $6M Stolen

Web 3 Streaming Platform Audius Hacked, $6M Stolen

A malicious actor siphoned $6 million from music platform Audius through the platform’s decentralized governance system. The hacker created a malicious proposal requesting the transfer of 18 million AUDIO tokens from the community treasury, an action supposedly approved by the Audius community. He assigned himself as the sole guardian of the contract by calling the smart contract function…

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[pavel-nosok]

Opium Network Launches Latest DeFi Token and New Distribution Model

Opium Network Launches Latest DeFi Token and New Distribution Model

Another day, another Decentralized Finance (DeFi) token. The latest one to join the lengthening list of governance tokens is Opium Network, which announced a new distribution model for its OPIUM token. Opium is a synthetic derivatives platform that launched its exchange in May 2020. The protocol allows users to create, settle, and trade decentralized derivatives on ethereum (eth). It can combine…

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[pavel-nosok]

Uniswap Makes the Big-Time With Mainstream Media Attention

Uniswap Makes the Big-Time With Mainstream Media Attention

DeFi exchange and automated market maker Uniswap has finally gained the attention of the mainstream media as Bloomberg labels it the “most sought-after crypto exchange.”

The 2020 DeFi bubble and the protocols that have made it possible are getting wider attention through the mainstream media as it expands its scope beyond just bitcoin. The reportessentially explains what DeFi is, adding that…

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