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

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

DisclosuresLinks

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 

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