Decentralized lending protocol Compound Finance passed a proposal to impose stricter borrow limits for loans in ten cryptocurrencies including wBTC, LINK and UNI, to lower risk from potential attacks. sndr_krisztian reports
“Setting borrow caps helps avoid high-risk attack vectors while sacrificing little capital efficiency and allowing for a threshold of organic borrow demand,” theThe passed proposal introduces borrow caps for five cryptocurrencies and sets stricter loan limits for another five. – a rival lending platform – brought scrutiny to any potential vulnerabilities in decentralized finance protocols’ lending mechanism.
The exploiter, who appeared to be infamous DeFi trader Avi Eisenberg, borrowed large sums of illiquid
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