While it’s now mostly contained, the Curve crisis has exposed some of the systemic risks in the world of DeFi. Sam Kazemian, founder of Frax Finance, joins the show to discuss what DeFi needs to do to get better – and what builders should learn from a novel attack that was ultimately about much more than $50 million in drained funds. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: how the Curve exploit occurred and why this hack is different  how the attack triggered a crisis in major lending platforms like Aave, Fraxlend, and Abracadabra what Curve founder Michael Egorov’s solution was to the potential liquidation of his several loans whether this situation proves that DeFi is not as good as promised what can be done to prevent these kinds of issues in the future, particularly with large loans in DeFi that could potentially bring down the ecosystem Thank you to our sponsors! Crypto.com Railgun DAO Arbitrum Foundation Thales DAO Guest Sam Kazemian, founder of Frax Finance Links Previous coverage on the Curve hack: The Chopping Block: Who’s to Blame for the Curve Hack? 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 CoinDesk:  Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes After the Curve Attack: What's Next for DeFi?  Learn more about your ad choices. Visit megaphone.fm/adchoices