Euler Finance Loses $177M In A Hacking Attack, $EUL Tanked 18%; What happened to Know Here
Euler Finance, a lending protocol with the Ethereum network hacked, lost $177 million Decentralized Finance (DeFi lending platform Euler Finance)
A subset of the bitcoin and blockchain businesses called “decentralized finance,” or “DeFi,” is devoted to offering a decentralized version of traditional financial possibilities. In the modern world, financial institutions give their clients access to options like loans and cash storage. These services are, however, controlled by centralized organizations.
DeFi solutions frequently give customers greater flexibility in terms of how they store and manage their own assets.In addition, DEXs, as opposed to trading on centralized digital asset platforms, further decentralize the trade of digital assets. We bring the latest and most transparent DeFi news to our readers out there. Our writers review and write about the best DeFi projects out there, bringing out the pros and cons and the potential impact of DeFi.
Euler Finance, a lending protocol with the Ethereum network hacked, lost $177 million Decentralized Finance (DeFi lending platform Euler Finance)
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