DeFi and Open Finance

Decentralized Finance (DeFi) is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries.

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Term Finance: $8.5M Approved by Silence

An attacker queued a routine-looking vault parameter change on Term Finance, waited six days for nobody to veto it, and walked out with 2,841 ETH and 1.68 million USDC. The proposal switched off Term's seven-day timelock on its way through.

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