Daily Alpha and Summary. 11, October, 2023.

Defi

A vulnerability was detected on GammaSwap, however, they decided to freeze the contracts and enter withdrawal mode only. All user loan positions are closed and collateral is able to be redeemed. And no funds are currently at risk.

#USDR depegged to .50 after running out of DAI reserves causing a ripple effect. It has real world asset backing and liquid asset backing. Ps, not Gud to have liquid and illiquid assets as backing

Polygon proposal to create ApeCoin L2 app chain using Polygon zk CDK infra

Dogechain will be launching on Polygon’s zk CDK as a zkEVM L2

Starsarena fix bug issue to redeploy new contract

Starsarena hacker returns fund and gets bounty

Instadapp unleashes Fluid: a lending protocol, a vault and dex protocol launching mid- January.

Reserve protocol lands on Base

Platypusdefi of Avax hacked

Airdrop

Islamic coin airdrop went live. Seemed like a disaster— didn’t reach airdrop hunters expectations

State of the Market

FTX Hacks

Live tweets from Caroline Ellison court testimony. Many shocking things innit. They was gonna fud Binance, lent a lot Alameda using customers funds, sent fake Balance sheets to Genesis.

Daily Crypto News