ON–195: DeFi 🫧 ✖ Mega Issue 💥
Synthetix Perps' open interest has surpassed the $200 million mark, with a significant portion, nearly $120 million, coming from non-ETH and non-BTC markets. This peak reflects the highest recorded onchain open interest for altcoins, indicating a diversification beyond major cryptocurrencies into Synthetix's extensive 80+ market offerings, including crypto, forex, and commodities. This data point is a testament to the protocol's ability to cater to a broad spectrum of traders and markets.
Backing Brahma – The Institutional-Grade Automated DeFi Management Suite
Brahma initially started as a DeFi structured products protocol, packaged in the form of vaults. While the vaults are still live and generating consistent yield for the depositors, the Brahma team decided to utilize the learnings from running a set of sophisticated DeFi strategies with custom monitoring and execution automated infrastructure to build Console – a product for broader DeFi.
Sandwich Attacks: Are You on the Menu?
Explanation of “front running” risks in crypto and how to avoid them
