) lending before the Merge, citing the potential issue of high ETH utilization that may result in liquidations being hard or impossible and annual percentage yields reaching negative figures. An industry expert shared his opinion on possible censorship vulnerabilities that the Ethereum network could eventually face in the wake of its transition to a proof-of-stake blockchain.
The top 100 DeFi tokens recorded a bearish price action over the past week, with the majority trading in the red, barring a few tokens that have shown even double-digit growth.The Ethereum network will be able to withstand censorship risks both in the short and long term, according to Ethereum community member and investor Ryan Berckmans.
The team pointed out the potential issue of high ETH utilization, which may result in liquidations being hard or impossible and the APY's reaching negative figures. Furthermore, the uncertainties surrounding the Merge and a potential Ethereum proof-of-work fork may cause liquidity providers to start a bank run, pushing utilization to even higher levels.
In a public service announcement on Tuesday, the FBI’s Internet Crime Complaint Center said the exploits have caused investors to lose money — advising investors to conduct diligent research about DeFi platforms before using them while also urging platforms to improve monitoring and conduct rigorous code testing.Analytical data reveals that DeFi’s total value locked registered a minor change from the past week. The TVL value was about $61.97 billion at the time of writing.
It's hard to predict. Although I don't expect much.
Switching to PoS is likely to be problematic
PoS will have lots of vulnerabilities, but it is a tradeoff on the trilemma if putting transaction speed as a priority you'll lose decentralisation and security and so on But will see if that will be enought for eth on being compromised in the future
I think bridges are the most likely security problems in the lead-up to the Merge
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PulseChain solve this
'experts'
🚀 Thnks a millon.
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