In the wake of $1M+ of ETH lost in bZx hack #1 and bZx hack #2, decentralized financial security is now in the spotlight. Both of these attacks were crafted through the (clever) use of a relatively new DeFi feature: flash loans. As we discussed and analyzed these attacks we…

Open sourcing DDEX libraries to make it easier to interact with protocols and Blockchains — We’re open sourcing libraries we found most useful for interacting with the Ethereum Blockchain. We’re starting by releasing 3 projects today, and will continue to release more in the upcoming months in an effort to give back to the community. Background In the past year, we focused on open sourcing high…

The ETH-USDC market is live on DDEX! Lend, borrow, and trade with up to 5x leverage — The ETH-USDC market is officially live on DDEX! While it’s still early, the USDC lending pool already has over $250,000 with currently ~40% utilization. You can now: Lend USDC to earn interest Create USDC margin positions with up to 5x leverage Spot trade on the ETH-USDC market Stake ETH to…

A 3-part series on decentralized lending, margin trading, and spot trading — Recap Up to this point we’ve discussed decentralized lending, borrowing, and margin trading. Let’s quickly touch on some of the big takeaways from the first two articles before diving into part 3. Lending: Decentralized loans are secured through the use of collateral, which is deposited by the borrower. …

After two months of closed beta testing, the new DDEX is officially open for all users! You can check it out here: https://ddex.io Borrow, Lend, Trade — The New DDEX Is Here An all-in-one optimized solution to decentralized borrowing, lending, and exchange. On the new DDEX you can: Borrow assets and trade on margin (up to 5x leverage) Lend…

Liquidity is vital to Margin Trading. Greater liquidity leads to tighter bid-ask spreads, lower slippage rates, higher leverage rates, and robust liquidations. Both the borrower and the lender greatly benefit from increased market liquidity. The demand for decentralized lending, borrowing, and trading is strong. Despite liquidity challenges, Decentralized Finance (DeFi)…

We just announced that a vastly improved DDEX with Margin Trading and Lending is coming soon. This FAQ dives into some of the key details and logic behind the new platform. Getting Started When will the new DDEX launch? We will officially launch the new DDEX on mainnet by the second week of August. Towards the end of…

Breaking down the 0x Exchange v2.0 contract exploit, and why Hydro Protocol is not affected by this type of exploit — On the evening of July 12, 2019, 0x announced that there was a potential exploit in their 0x v2.0 Exchange contract. They immediately shut down their v2.0 Exchange contracts to prevent funds from being lost. Since the initial Hydro Protocol smart contracts were inspired by 0x, we were subsequently contacted…

A 3-part series on decentralized lending, margin trading, and spot trading — In part 1, we discussed how decentralized lending and borrowing works. To quickly summarize: decentralized loans are secured through the use of collateral, deposited by the borrower. As long as a loan is over-collateralized (the collateral is worth more than the borrowed assets), the loan stays open. …