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These are harsh times for DeFi, but it's neither the first nor the last time this marked passed through a rough patch
What's good about this moment is that newer projects can have their chance to shine
Ideas like the one being developed over at @StandX_Official, for example
Let's talk about security, specifically 🔍
▶️ What happened with KelpDAO, Aave, and the whole matter of millions stolen and billions locked out of withdrawal due to bad debt
An almost $300M hack that led to the drainage of 116,5k rsETH, then used as collateral on Aave to borrow ETH
The bad debt caused AAVE to dump quite hard as well
▶️ Can anything similar happen on StandX?
The main DeFi caveat of StandX is $DUSD
This yield-bearing stablecoin doesn't rely on recursive mechanisms like looping and extra leverage
DUSD yield is in fact, quite simple
This makes security on the matter much easier to handle, leaving very little wiggle room for attackers to move with
That is to say that StandX's TVL is safe from hacks like these, and most perp DEXs are thanks to a more centralized nature than lending protocols like Aave
But StandX achieves the same level of security with better APY and the convenience of use
▶️ TL;DR → If you have capital on StandX, you can sleep tight