Contents
1. DeFi protocols
What are DeFi Protocols? https://thedefiant.io/what-are-defi-protocols
DeFiとは？仮想通貨との関係や仕組み、稼ぎ方をわかりやすく解説！ https://diamond.jp/crypto/defi/defi/
Balancer hijacking https://x.com/Ogbonna7/status/1705057399164244241?s=20
https://x.com/SlowMist_Team/status/1704455156782498108?s=20
https://balancer.fi/ AMM/DEX
1.1. Bard:
2. explain DeFi protocol
A DeFi protocol is a set of rules and procedures that govern a decentralized financial application. DeFi protocols are encoded into smart contracts, which are self-executing contracts that run on a blockchain. This means that DeFi protocols are transparent, immutable, and secure.
DeFi protocols enable a wide range of financial services, including:
Trading: DeFi protocols allow users to trade cryptocurrencies without the need for a centralized exchange. Lending and borrowing: DeFi protocols allow users to lend and borrow cryptocurrencies without the need for a bank. Yield farming: DeFi protocols allow users to earn interest on their cryptocurrencies by providing liquidity to pools or lending them out. Insurance: DeFi protocols allow users to insure their cryptocurrencies against theft or loss. Derivatives: DeFi protocols allow users to trade derivatives on cryptocurrencies, such as futures and options.
DeFi protocols are still in their early stages of development, but they have the potential to revolutionize the financial industry. By providing decentralized alternatives to traditional financial services, DeFi protocols can make financial services more accessible and affordable for everyone.
Here are some examples of popular DeFi protocols:
- Uniswap: A decentralized exchange for trading cryptocurrencies.
- Aave: A lending and borrowing protocol.
- Compound: A lending and borrowing protocol.
- MakerDAO: A decentralized stablecoin protocol.
- Synthetix: A decentralized derivatives protocol.
DeFi protocols are typically open source, meaning that anyone can contribute to their development or audit their code. This helps to ensure the security and transparency of DeFi protocols.
However, it is important to note that DeFi protocols are also complex and risky. Users should carefully research any DeFi protocol before using it, and only invest what they can afford to lose.