Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all. Moreover, while many defi supporters claim these platforms offer greater privacy, examples now show that most everything can be seen onchain connecting ethereum addresses to identities and companies.
Exploits and Flash Loans Are Becoming Commonplace in the Land of Decentralized Finance
In 2020, defi exploded and there’s billions of dollars sitting in a myriad of platforms and applications today offering a new type of finance. The growth defi has seen is unheard of and resembles the initial coin offering (ICO) days back in 2017. One of the biggest differences, however, is many defi projects are more than just a white paper and token, as numerous applications like Maker, Uniswap, Aave, and…