DAI

DeFi project Pickle Finance exploited for nearly $20M in DAI

DeFi project Pickle Finance exploited for nearly $20M in DAI

Decentralized finance protocol Pickle Finance lost almost $20 million in DAI in an exploit on Saturday. Pickle Finance is a yield aggregation service similar to the yEarn protocol. The exploit on Saturday appears to involve Pickle Finance’s DAI pJar product, which leverages the Compound protocol to harvest yield with DAI deposits. Funds from the exploit …

DeFi project Pickle Finance exploited for nearly $20M in DAI Read More »

More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created

More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created

The amount of available DAI — the stablecoin tied to the Ethereum-based lending protocol Maker — has surpassed $1 billion, according to available data. DaiStats reports that a total of 1,001,031,052.54 DAI has now been issued. DAI is created when collateral, such as ETH, is locked into a smart contract called a Vault. That DAI …

More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created Read More »

Scroll to Top