Thursday, March 28, 2024
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Smart Contracts without Admin Rights Are Crucial for Trustless Decentralized Finance

The primary objective of decentralized finance is to create a world where no trust is needed.When people think of decentralized finance, they automatically assume there are no risks. After all, intermediaries don’t exist, and everything is trustless. However, smart contracts can still contain admin rights, which puts all users at

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SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project – Altcoins Bitcoin News

According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as “completely permissionless,” but now that the exchange has fallen, it’s suspected that Serum’s upgrade authority is tainted. A So-Called

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Exchange-Custodied Bitcoin DeFi Outperforms Trustless Solutions

Although the Bitcoin blockchain lacks the infrastructural model to enable interoperability and power a DeFi landscape like Ethereum, the asset is increasingly being used to provide liquidity in the DeFi market.Without any doubt, the Ethereum blockchain remains the core foundation of the DeFi narrative due to the ever-growing network of

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