A handshake agreement has kept DeFi from toppling, for now
Quick Take
- Mika Honkasalo examines the potential link between the $BALD memecoin saga and Alameda Research, and how a crucial handshake deal averted a major crisis in the DeFi lending sector.
Episode 72 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Access Protocol creator Mika Honkasalo.
Listen below, and subscribe to The Scoop on Youtube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].
Mika Honkasalo is a DeFi researcher and the creator of Access Protocol.
In this episode, Honkasalo provides analysis on whether or not the $BALD memecoin saga could have ties to Alameda Research, and how a handshake deal prevented a near on-chain catastrophe in the DeFi lending market.
Outline:
01:16 - $BALD debacle on Base
04:51 - $BALD deployer's ties to Alameda
08:14 - What's next for Coinbase's Base
09:16 - Crypto rugpulls
10:39 - Leetswap exploit
11:37 - Curve DeFi leverage
14:38 - Viper exploit
15:44 - OTC Curve buyers
17:37 - What's next for Curve?
19:06 - What's next for DeFi?
21:35 - Closing thoughts
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