One of the most underrated defi protocols in crypto. Only the $bold can take advantage of it.
Liquity دادههای قیمت لحظهای
Liquity LQTY تاریخچه قیمت USD
تجارت LQTY در سه مرحله
یک حساب کاربری رایگان ایجاد کنید، حساب خود را شارژ کنید، افزودن سپس ارز دیجیتال خود را انتخاب کنیدکسب درآمد حتی بدون دانش مالی
Put your idle crypto to work and earn passive income through savings, staking, and more.Liquity X Insight
A reminder that Liquity has:
- No admin keys
- No upgradeability
You know exactly what you're getting.
Liquity Protocol Faces Backlash after April Fools post triggered $LQTY price spike and raised concerns over market manipulation.
Read More👇 https://t.co/BjpMYKZg3G https://t.co/4bIZGFjIEj
With reactions from the community.🔽 https://t.co/kIjiOrcXmk
Drift lost $280M to an admin key exploit.
A big issue is that most 'DeFi protocols' are not actually decentralized at all.
Wanted to give a shoutout to the teams that take decentralization seriously:
Liquity - Liquity V2 is one of the only stablecoin protocols with fully immutable code and no admin keys
Uniswap - Uniswap AMM smart contracts have been immutable from the very beginning
Aave - Aave uses a 5-of-9 multisig wallet that can pause the protocol in case of an emergency, but only AAVE DAO can approve a code change
Curve - Curve Finance is controlled by Curve DAO and is one of the very few protocols that use decentralized oracles
Sky - All major changes to Sky have to be voted by the DAO and they are enforced only after a mandatory delay that acts as a safety checkpoint
I am sure there are also others, but those are a few well-known examples.
defi is fucked lol
drift just got drained for $200M+ and here's how:
- attacker minted 750M fake tokens
- made a raydium pool with $500 liquidity, priced at ~$1/token
- compromised admin key listed the fake token on drift
- disabled all withdrawal guards in one tx
- deposited $785M of fake "collateral" and drained every vault in 31 txs over 12 minutes
- nobody noticed for an hour
- attacker came back 2hrs later to grab a few more million
the multisig was 2/5 with a 0-second timelock. $200M+ protected by two signatures and zero delay.
and people wonder why nobody takes this industry seriously
