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Re-imagining the financial system with cryptocurrencies as the central store of value
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They feel threatened by other cryptocurrencies. Some Bitcoin maximalists believe that other cryptocurrencies are a threat to Bitcoin's dominance. This can lead them to be hostile toward people who invest in or promote other cryptocurrencies. It is important to remember that not all Bitcoin maximalists are toxic. I used to be ETH maxi but now I try to learn about other cryptocurrencies or chains. Arbitrum has been looking good and more profitable for me than holding ETH or BTC. Took my own time to learn that being maxi can cost you sometimes. Now experimenting with low-caps projects like GMX, EDE, or LVL on optimism. CREDIT is looking promising with their oracle free lending/borrowing protocol. The bottom line is it's not profitable to be a maxi tbh.
tldr; An attacker targeting DeFi protocol El Dorado Exchange (EDE Finance) has returned over $400,000 worth of USDC and USDT after the project admitted that it made an “ill-advised decision to manipulate the price.” Earlier today, the decentralized exchange (DEX) protocol was exploited for around $580,000, according to security firm Peckshield, which specializes in monitoring and […] The post El Dorado Exchange attacker returns over $400k after team admits code vulnerabilities appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
EDE from Eldorado finance. It's a Defi and very risky play.