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While it\u2019s now mostly contained, the Curve crisis has exposed some of the systemic risks in the world of DeFi. Sam Kazemian, founder of Frax Finance, joins the show to discuss what DeFi needs to do to get better \u2013 and what builders should learn from a novel attack that was ultimately about much more than $50 million in drained funds.\n\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nShow highlights:\n\nhow the Curve exploit occurred and why this hack is different\xa0\n\nhow the attack triggered a crisis in major lending platforms like Aave, Fraxlend, and Abracadabra\n\nwhat Curve founder Michael Egorov\u2019s solution was to the potential liquidation of his several loans\n\nwhether this situation proves that DeFi is not as good as promised\n\nwhat can be done to prevent these kinds of issues in the future, particularly with large loans in DeFi that could potentially bring down the ecosystem\n\nThank you to our sponsors!\n\nCrypto.com\n\nRailgun DAO\n\nArbitrum Foundation\n\nThales DAO\n\nGuest\n\nSam Kazemian, founder of Frax Finance\nLinks\n\nPrevious coverage on the Curve hack: The Chopping Block: Who\u2019s to Blame for the Curve Hack?\n\n\nUnchained:\xa0\n\n$52 Million Drained in Curve Finance Pools Exploit\n\nCurve Founder\u2019s Liquidation Could Trigger Chaos for DeFi\n\nCurve Exploit Results in Largest MEV Block Rewards in Ethereum\u2019s History\n\nCoinDesk:\xa0\n\nCurve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation\n\nSpooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses\n\nAave Should Block Curve Token Borrowing, Risk Management Firm Proposes\n\n\nAfter the Curve Attack: What's Next for DeFi?\xa0\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices