Aave and CoW Swap Publish Post-Mortems After $50 Million DeFi Swap Incident
The two decentralized finance platforms released separate accounts following a reported $50 million swap failure involving DeFi (blockchain-based financial services) trading activity.
Summary
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Terms & Concepts
DeFi: Decentralized finance, or blockchain-based financial services that operate without traditional intermediaries.
Swap: A crypto trade that exchanges one digital asset for another, often through an automated protocol.
Post-mortem: A review published after an incident to explain what happened, its impact, and any corrective actions.