DeFi ‘circuit breaker’ might slash hack losses by 70%: Finance Redefined By Cointelegraph

Welcome to Finance Redefined, your weekly dose of important decentralized finance (DeFi) insights — a e-newsletter crafted to convey you essentially the most vital developments from the previous week.

Amid the rising variety of hacks within the DeFi ecosystem, a sensible contract developer has made a brand new request for remark (ERC) proposal to introduce a circuit breaker that might reduce losses from hacks by 70%.