The Origin Greenback Compensation Plan marks the continued maturation of the DeFi house

The Origin Dollar Compensation Plan marks the continued maturation of the DeFi space

On Friday, the Origin Finance stablecoin decentralized finance (DeFi) project announced a plan to compensate users affected by a $ 7 million exploit in November. This is part of a broader trend from developers, users, and traders where players across the DeFi space are turning to insurance products and other exploit backstops.

On November 17th, Origin Dollar announced its profitable stablecoin project was the victim of a $ 7 million Flash loan attack. While the attack is just another example of what a was brutal summer and fall for DeFi protocols exposed to hacks and exploitsThe answer from the Origin Dollar team stands out in an attempt to fully compensate users.

Read on on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading loss you may incur as a result of using this information.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Comments are closed.