A decentralized finance (DeFi) “circuit breaker” might have prevented the theft of billions of {dollars} price of crypto from DeFi protocols in 2022, in keeping with the developer of the just lately launched ERC-7265 proposal.
A brand new Request for Feedback (ERC) was posted on GitHub on July 3. In it, lead developer Diyahir Campos proposed an ordinary for a DeFi “circuit breaker”. It mainly goals to determine an ordinary for a wise contract that may cease suspicious token outflows from a DeFi protocol.
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