A $65M bounty🤷‍♀️, a DAO attack, and the Grayscale lawsuit🧱

Back to basics with Tokenization📖

“Where ignorance is bliss, ‘tis folly to be wise.” — Thomas Gray

Welcome to the #31st edition of DeFi Fridays!

Binge on previous editions here.

Let’s jump right in:

• Major happenings in the ecosystem: $65M bounty on a $116M hack, DVF DAO attack, and the Grayscale Lawsuit.

• A topic we explain: Tokenization: Back to Basics Edition✨

• In this week's good reads:

  • Web3 Development Report - 2022

  • Guide on DeFi’s most important metric - TVL.

#DeFiwithBrew Twitter Space:

We invite you to Brew Money’s #17th Twitter Spaces Event with the creator of @goodjuujuubox - @juujuumama

About Juujuumama: Juju is a creator of a successful NFT project. With her background in Shopify & CPG Product Development, we’ll talk about how she broke into the web3 space and why education is the first web3 touchpoint people require. Tune in on this 21st at 10 am CST.

Turn on the notification so you don’t miss it! 🔔

📖Back to Basics:

What does Tokenization mean?

Tokenization is the method of converting a valuable asset into a blockchain token like an NFT.

1. Guide to Tokenization

2. What does it mean to tokenize something?

3. How does tokenization work, anyway?

4. Podcast on transforming art, private equity, and securities into tokenized assets by the fintech blueprint:

5. The ‘Tokenization’ evolution:

shivsak @shivsakhuja

Tokenization isn't going to happen all at once. It will be incremental. The first assets to get tokenized will be those that are easy to tokenize. Like... Tickets 🎟️ 🎫 We made a video 👇 🍿 🧵

6. Why Tokenization is Important in the Blockchain Space?

7. What does the future look like?

Find your tribe✨

Join your community🤗

We’re very serious about caffeine.

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Major News in the Ecosystem:

🔰Track lost funds using DeFillama’s new dashboard

0xngmi (grazing arc) @0xngmi

We are launching our new hacks dashboard in collaboration with Archmage @0xKofi. Now you can track all the money lost to hacks in a single place defillama.com/hacks

⚠DVF DAO Attacked:

rhino.fi (previously DeversiFi) @rhinofi

🚨 At 13:07 UTC today, an attacker attempted to submit a malicious transaction to be executed by the $DVF DAO 🚨 The attack is ongoing and this thread reports the details so that other DAOs using SafeSnap can be alive to the risks! Read on 👇

⚠Grayscale Lawsuit Moves Forward

⚠Mango wiped for $116M - Attacker Eyes $65M Bounty

Joshua Lim @joshua_j_lim

1/ this is how I think the mango attack played out, please let me know if I got anything wrong: at 6:19 PM ET, attacker funded acct A (CQvKS...) with 5mm USDC collateral trade.mango.markets/account?pubkey…

OtterSec @osec_io

@mangomarkets was just drained for over $100M. https://t.co/SI4hccCIQx 🧵 https://t.co/IAKyXgN8gM

More Good Reads:

✍️Web3 Development Report 2022

✍️What is TVL?

✍️State of Ethereum post Merge.

That’s it for today, folks. See ya next Friday. 🧢

Disclaimer: Nothing included in DeFi Fridays should be taken as financial advice.