This podcast episode delves into the reentrancy attack on Curve Finance, its ethical implications, the precarious position of Curve tokens, the risks associated with collateralized loans, the looming liquidation risk of Curve's founder Michael, the cautionary tale of Michael's extravagant lifestyle, the role of Gauntlet in managing risk, the contagion risk and potential systemic risks in DeFi, the concept of Lindy and the longevity of protocols, and the significance of public infrastructure in DeFi. It also discusses the challenges of governing lending and borrowing protocols, the potential consequences of misjudging the risk of certain assets, and the need for better funding, auditing, and vetting of public goods in DeFi.
