A DeFi “circuit breaker” could prevent as much as 70% of the crypto lost in DeFi exploits and hacks today, says ERC-7265 lead diyahir.
Campos is a smart contract developer at Hydrogen Labs. He said work began on the proposed standard during an April hackathon in Tokyo, alongside Meir Banks, the co-founder of Hydrogen Labs.
The idea for the DeFi circuit breaker was inspired by similar circuit breakers that have been used by global stock exchanges for decades. “In DeFi, we aren’t trying to calm the markets which is the intention of the [New York Stock Exchange’s circuit breaker] rather we want to prevent hack losses,”Other developers working on the standard include Philippe Dumonet, founder and CEO of DeReg and Blagoj Dimovski, the co-founder and former CTO of Diagonal Fiance.
Campos said the standard is still being shaped at this stage but is confident it will be ready “within months” which would put it in “a really good stage” to be integrated into protocols.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Christmas Tree Shops is closing all 70 stores | CNN BusinessChristmas Tree Shops will liquidate all of its stores and go out of business unless a white knight comes out of the woodwork at the 11th hour.
Consulte Mais informação »
Millwall FC Owner John Berylson Dead At 70 After Car CrashJohn Berylson, owner and chairman of the English Football Leagues (EFL) team Millwall FC, tragically died in a single-car crash in Massachusetts Tuesday morning after his vehicle lost control and rolled over.
Consulte Mais informação »
John Berylson, Millwall Football Club owner, dead at 70 in Cape Cod car crashJohn G. Berylson, the majority owner of London's Millwall Football Club, was killed Tuesday in a car crash in Cape Cod, Massachusetts, the Falmouth Police Department said.
Consulte Mais informação »
Sound The Alarm—Amazon’s Trendy Giant Boho Rug Is Discounted By Up to 70% OffIf I could buy it to put in every one of my rooms I would.
Consulte Mais informação »
70 pounds of psychoactive drugs from China labeled as beauty products seized at US airport: officialsU.S. Customs and Border Protection officers working at Dulles International Airport in northern Virginia seized about 70 pounds of psychoactive drugs labeled as beauty products from China.
Consulte Mais informação »
Millwall FC owner John Berylson, 70, killed in car crash in MassachusettsPolice in Massachusetts announced that English soccer team owner John Berylson died in a car crash early Tuesday morning. He was 70.
Consulte Mais informação »