The Chopping Block: Curve Crisis Concludes With a Whimper, PayPal’s PYUSD Raises New Questions - Ep. 529

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 10 August 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, a quiet conclusion to that Curve thing everyone was animated about. Plus, major developments from Web2 giant PayPal as it continues its journey down the crypto rabbithole. Also, is Maker’s juiced DAI Savings Rate the new Anchor? The gang discusses. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: how The Chopping Block got that sweet, sweet Red Bull money what to make of the Curve hacker’s message after they returned the funds does Curve trying to dox the hacker proves that Arkham’s model is right? the lessons from the Curve situation and whether DeFi needs to change how DeFi protocols could prevent situations where a single entity holds a significant percentage of a token’s total supply how the enhanced DAI Savings Rate triggered PTSD from other stablecoins (ahem, Anchor) what the consequences are of increasing the DSR the gang’s prediction on how much PYUSD will be minted by the end of 2023 Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Disclosures Links Unchained: $52 Million Drained in Curve Finance Pools Exploit Curve Founder’s Liquidation Could Trigger Chaos for DeFi Curve Exploit Results in Largest MEV Block Rewards in Ethereum’s History PayPal Launches PYUSD Stablecoin Built on Ethereum MakerDAO’s Spark Protocol Blocks VPN Users Curve Opens $1.85 Million Bounty to Identify Hacker Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not as dividend, it's a tale of two puns.
0:02.4	Now, your losses are on someone else's balance.
0:05.2	Generally speaking, aircrafts are kind of pointless anyways.
0:07.8	I manage trading firms who are very involved.
0:10.6	I like that eat the ultimate problem.
0:12.8	DeFi protocols are the antidote to this problem.
0:16.8	Hello, everybody. Welcome to the chopping block.
0:18.6	Every couple of weeks, the four of us get together
0:20.2	and give the industry insider's perspective
0:21.8	on the crypto topics of the day.
0:23.6	So quick and chose, first you got Tom,
0:25.0	the DeFi Maven and Master of Memes.
0:26.8	Next, we've got Robert, the crypto connoisseur,
0:28.4	and the Tsar of Superstate.
0:30.2	Then we've got Turun, the Gigabrain, and Grand Puba at Gauntlet.
0:33.2	And finally, I'm deceived.
0:34.2	They had hype man at Dragonfly.
0:35.7	The we are early stage investors in crypto,
0:37.2	but I want to caveat that nothing we say here
0:39.0	is investment advice, legal advice, or even life advice.
0:41.8	Please see chopping block that XYZ for more disclosures.
0:44.8	So you might notice something a little bit different
	...

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