Trust Bubble with Chris Blec

THORchain launches cross-chain swaps; Polygon has an admin key; Another crypto heist on BSC

April 29, 2021 Chris Blec Episode 3
Trust Bubble with Chris Blec
THORchain launches cross-chain swaps; Polygon has an admin key; Another crypto heist on BSC
Chapters
0:00
Intro
4:04
ThorChain's launch
14:41
Polygon's multisig
25:16
Uranium Finance's theft
Trust Bubble with Chris Blec
THORchain launches cross-chain swaps; Polygon has an admin key; Another crypto heist on BSC
Apr 29, 2021 Episode 3
Chris Blec

April 29, 2021

Good: THORchain has launched their product allowing native crypto-to-crypto swaps. How is their decentralized solution different from the rest?

Bad: Polygon aka Matic uses a 2-of-3 multisig admin key to allow upgradability, however this key may also be capable of jeopardizing the security of the network.

Ugly: The theft of funds from Uranium Finance in the past week highlights the risks that come with cheap & rapid development on Binance Smart Chain.

Links:

Do you have a DeFi question that you'd like to hear answered on the podcast? Visit https://speakpipe.com/trustbubble and submit it to be used on a future episode.


Buy a Trezor hardware wallet
Have over $1000 in DeFi? Still using Metamask alone? It's time to get a Trezor hardware wallet.

Get the best rates on 1inch Exchange
Swapping tokens on ETH or BSC? 1inch Exchange consistently has the best rates of any DEX aggregator.

Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

Support the show (https://cash.app/$ChrisBlec)

Show Notes Chapter Markers

April 29, 2021

Good: THORchain has launched their product allowing native crypto-to-crypto swaps. How is their decentralized solution different from the rest?

Bad: Polygon aka Matic uses a 2-of-3 multisig admin key to allow upgradability, however this key may also be capable of jeopardizing the security of the network.

Ugly: The theft of funds from Uranium Finance in the past week highlights the risks that come with cheap & rapid development on Binance Smart Chain.

Links:

Do you have a DeFi question that you'd like to hear answered on the podcast? Visit https://speakpipe.com/trustbubble and submit it to be used on a future episode.


Buy a Trezor hardware wallet
Have over $1000 in DeFi? Still using Metamask alone? It's time to get a Trezor hardware wallet.

Get the best rates on 1inch Exchange
Swapping tokens on ETH or BSC? 1inch Exchange consistently has the best rates of any DEX aggregator.

Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

Support the show (https://cash.app/$ChrisBlec)

Intro
ThorChain's launch
Polygon's multisig
Uranium Finance's theft