Defi Market Maker
Defi market maker is a new and growing cryptocurrency exchange that allows investors to trade in cryptocurrencies without any intermediaries. This is particularly useful for investors looking to make the most of risk-adjusted returns. As it is a decentralized system, it does not require a central exchange, but relies on automated market-maker protocols that allow market participants to place trades instantly and profitably.
The hacked accounts of Wintermute are believed to be in the hands of a white hat hacker, who recently stole nearly $160 million from the cryptocurrency exchange. The company says the hack has only affected the DeFi portion of its operations, while its OTC and CeFi operations remain unaffected.
While the market is still in its infancy, some DeFi exchanges already employ an automated market maker. This is one of the most significant innovations in the field of decentralised finance. Without it, these exchanges would not be possible. Examples of decentralized exchanges that use this technology include Uniswap, PancakeSwap, and Balancer.