Ethereum DeFi Trends Set To Dominate 2021

2020 was the year of DeFi, not just in terms of the explosive price increases – but the technological advances and support from public figures. From the growth of UniSwap, Chainlink, AAVE, and BNB into the top 20 tokens by market cap to tech billionaire Mark Cuban revealing his positions in the aforementioned tokens, one must wonder what comes next. Improved security and auditing of contracts. Exploits performed by hackers on vulnerable DeFi smart contracts resulted in the loss of tens of millions of funds throughout 2020 and early 2021. Flash loan attacks, where hackers can borrow large uncollateralized quantities of ETH and extract funds from exchange through complex arbitrage opportunities between stablecoins or manipulation of price oracles (the price providing part of a smart contract that interacts with market data outside the chain). Auditing smart contracts before they go live as part of yield farming or lending strategies by…

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