An exploiter's bug bounty on a still functioning yield farm that flash loaned itself, getting frontrun by a MEV searcher because the exploiter didn't hide their transaction directly with a block producer via bribery? That sentence wasn't possible a year ago. And now we all know not to design a smart contract powering a farm that way. I don't view that as failure. A regulatory sandbox would have deliberated for 5 years before allowing a launch and still never found that problem, resulting in a following multi year pause, committee report, and disbanding. I view this much faster higher iterative version as a win.
https://web3isgoinggreat.com/?id=earningfarm-exploited-for-9...
An exploiter's bug bounty on a still functioning yield farm that flash loaned itself, getting frontrun by a MEV searcher because the exploiter didn't hide their transaction directly with a block producer via bribery? That sentence wasn't possible a year ago. And now we all know not to design a smart contract powering a farm that way. I don't view that as failure. A regulatory sandbox would have deliberated for 5 years before allowing a launch and still never found that problem, resulting in a following multi year pause, committee report, and disbanding. I view this much faster higher iterative version as a win.