DeFi ‘circuit breaker’ could slash hack losses by 70%: Finance Redefined By Cointelegraph

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

Amid the growing number of hacks in the DeFi ecosystem, a smart contract developer has made a new request for comment (ERC) proposal to introduce a circuit breaker that could cut losses from hacks by 70%.