Harmony: IS IT THE END? A post-attack analysis: bridge, depeg, defi kingdoms
0#harmony #defi #bridge
Harmony has been one of the most surprising blockchains of the last bull run. Unfortunately, one month ago their main bridge suffered an attack that drained more than 100M$ of liquidity. What's now?
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The content provided here is intended for informational purposes only. It should not be considered as financial, legal, or tax advice. The views expressed in this text are solely those of the author and should not be interpreted as the opinions of a licensed financial advisor or registered investment advisor. Please be aware that trading cryptocurrencies involves significant risk, and there is a possibility of experiencing losses. The author does not guarantee any specific results or outcomes. Before making any financial decisions, it is recommended to seek advice from qualified professionals.
00:00 Harmony, a step away from dying
01:28 Let’s try to summarize what happened
01:45 An attach to the main bridge on Harmony
02:39 After the attack, the last announcement
02:56 What appears quite clear
04:09 The situation with the bridge
05:06 What I wanna enlighten: the consequence to have an attack to the bridge
06:34 The point
08:40 A bad sign
09:26 Another important thing: the destiny of the different protocols
10:07 The consequences to the prices of Tranquil
11:03 Personally, what I will do
11:42 Defi Kingdoms, the main protocol into the Harmony Blockchain
12:02 What is quite peculiar
12:36 A final thought: my opinion about the situation, suggestions
13:32 Conclusion. Is there still a future for them?