DeFi Daily | Cream lightning loan attack report: loss of 130 million US dollars

DeFi data

1. The total market value of DeFi: $154.833 billion

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DeFi total market value data source: Coingecko

2. Transaction volume on decentralized exchanges in the past 24 hours: US$4.54 billion

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Source of transaction volume data on decentralized exchanges in the past 24 hours: Debank

3. Total borrowings of DeFi lending platform: US$26.89 billion

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Data source of total borrowings on DeFi lending platform: Debank

4.1 Assets locked in DeFi: US$108.7 billion

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The top ten rankings of locked assets in DeFi projects and the amount of locked positions, data source: Debank

4.2 DeFi locked assets on the Ethereum chain: $79.34 billion

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The top ten rankings of DeFi locked assets on the Ethereum chain and the amount of locked positions, data source: Debank

4.3 DeFi locked assets on the BSC chain: USD 16.17 billion

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The top ten rankings of DeFi locked assets on the BSC chain and the amount of locked positions, data source: Debank

4.4 DeFi locked assets on the Polygon chain: US$3.7 billion

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The top ten rankings of DeFi locked assets on the Polygon chain and the amount of locked positions, data source: Debank

4.5 DeFi locked assets on the Avalanche chain: $5.22 billion

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The top ten ranking of DeFi locked assets on the Avalanche chain and the amount of locked positions, data source: Debank

DeFi hotspot

1. DeFi platform Beta Finance received US$5.75 million in financing, led by Sequoia Capital India

News on November 1st, Decentralized Finance (DeFi) platform Beta Finance said on Friday that it has received 5.75 million US dollars in financing, led by Sequoia Capital India, ParaFi Capital, DeFiance Capital, Spartan Group, GSR, Delphi Digital and Multicoin Capital and others participated in the investment. Beta Finance provides users with solutions for borrowing and shorting cryptocurrencies, and is committed to providing users with an easier way to hedge risks.

2. DeFi aggregator Frontier launches FrontierV2 public beta

On November 1st, DeFi aggregator Frontier launched FrontierV2 public beta, supporting Android and iOS users for testing. iOS users need to download TestFlight for testing, and Android users need to add the beta version on the Frontier app page of the app store. Frontier previously showed some features of the V2 version on Twitter, including address tracking, NFT support, pledge and lending, etc.

3. New currency aggregation display function for Ouyi Defi Hub asset board

According to official sources, Ouyi Defi Hub has added a new currency aggregation display function, that is, the same assets of different main chains can be aggregated to view the total amount of assets. Currently, USDT and USDC currencies are supported, and more currencies will be launched soon. It is understood that the asset kanban function of Ouyi Defi Hub has previously supported asset aggregation and viewing. That is, users can query asset details under single private key (single wallet) and multiple private keys (multiple wallets) without switching the main network. Ouyi Defi Hub is an aggregation portal for users to explore the decentralized world, including three major sections: asset kanban, NFT market, and blockchain games.

4. Indexed Finance will release Indexed Juris, an information collection tool, to support its appeal process for hacking incidents

On November 1st, Indexed Finance developer Dillon Kellar posted on social media that Indexed Finance will release a new information collection tool “Indexed Juris” in the near future. This tool will help Indexed Finance collect attackers and benefit-disturbed people. Data to support Indexed Finance’s smooth prosecution of the attackers. Dillon Kellar also stated that the data collected by Indexed Juris will not be directly shared with law enforcement agencies or courts. The data will first be shared with the attorney, who will deliver the data to the department that has jurisdiction over the attack.

5. Cream lightning loan attack report: The key vulnerability lies in the calculation of the price of packageable tokens, and the loss of 130 million US dollars

On November 1st, the mortgage lending platform Cream Finance issued a detailed report on the October 27 lightning loan attack, stating that it was cooperating with the authorities to track the attacker. The attack lost about 130 million U.S. dollars. A detailed return will be announced in the next few days. Payment plan. Cream stated that the attack was a mixture of economic attacks and oracles attacks. The attacker loaned DAI from MakerDAO to create a large number of yUSD tokens. At the same time, by manipulating the multi-asset liquidity pool, the price oracles were used to calculate the price of yUSD, and the price of yUSD rose. after high, the attacker yUSD interest is to create enough to offset the borrowing limit Cream Ethernet Square liquidity v1 market. Cream stated that it has suspended all interactions in the Ethereum v1 market in Cream Finance. The key vulnerability lies in the price calculation of the packable tokens. The supply/lending of all packable tokens has been stopped, including all PancakeSwap LP tokens.

NFT hotspot

1. The Swedish film director David Sandberg launches the NFT collection “UnicornMasters”

On November 1st, David Sandberg, the director of the movie “Annabel 2: Birth”, launched the NFT collection “UnicornMasters”, which was inspired by monster characters in movies in the 1980s and 1990s. It is reported that the Halloween version of “UnicornMasters” contains 15 3D rendered animated characters. It is reported that David Sandberg is a Swedish film director. His representative works include the horror films “Annabel 2: Birth” and “Ghost Turning Off the Lights”, and the comedy “The Fury of Gong”. Sandberg said that he may use original NFT characters in future films, and may even use NFT to raise funds for future films he will shoot.

2. Expand the application plug-in Collab.Land will issue member NFT to its early adopters

According to news from Collab.Land on November 1, Collab.Land will issue member NFT airdrops to users who have used the Collab.Land plug-in on Discord or Telegram before 22:00 on October 31st, Beijing time. This airdrop will be issued on the Polygon network.

3. The total market value of “Playing and Earning” NFT Game Tokens exceeded US$20 billion, a record high

Golden Finance reports that according to the latest data, the total market value of “Play-to-Earn” tokens has exceeded US$20 billion, setting a record high. At the time of writing this article was US$20,423,927,827, with a 24-hour trading volume of 6,076,876,135. Dollar. At present, the highest market value of the “play and earn” game is Axie Infinity, which is approximately US$8,280,278,561; Enjin Coin ranks second with a market capitalization of US$2,314,425,912; The Sandbox ranks third with a market capitalization of US$1,491,746,463.

4. Data: The total market value of NFT passes exceeds 45 billion U.S. dollars

According to the latest data, according to the latest data, the total market value of NFT tokens has exceeded 45 billion U.S. dollars (45,023,024,481 U.S. dollars at the time of writing), with a 24-hour transaction volume of 19,866,753,575 U.S. dollars. The top three NFT tokens in market value are: Axie Infinity (8,281,089,838 U.S. dollars), Theta Network (7,119,876,899 U.S. dollars) and Flow (4,221,495,320 U.S. dollars), the market value of NFT tokens broke through 30 billion U.S. dollars for the first time on April 16, 2021, and then exceeded 33 billion U.S. dollars on September 7.

5. Data: Total NFT sales on the Ethereum chain exceeded US$8.5 billion, a record high

According to the Golden Financial Report, according to the latest data, the total NFT sales on the Ethereum chain exceeded US$8.5 billion, a record high. At the time of writing this article was US$8,504,090,764, and the number of on-chain transactions was 3,741,371. In addition, the total sales on the NFT chain approached 13 billion U.S. dollars, currently at 12,871,479,476 U.S. dollars, which is also a record high. Currently, NFT sales on the Ethereum chain are the highest, and NFT sales on the Ronin chain rank second at 2,746,467,717 U.S. dollars.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/defi-daily-cream-lightning-loan-attack-report-loss-of-130-million-us-dollars/
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