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.
The past week in DeFi was filled with artificial intelligence (AI)-centered developments on Etherscan, Polygon’s latest security update and on-chain sleuth ZachXBT’s ongoing lawsuit supported by multiple crypto personalities.
Etherscan launched an AI-powered code reader to retrieve and interpret the source code of specific contracts, while the Polygon co-founder proposed a zero-knowledge Ethereum Virtual Machine (zkEVM) upgrade to improve the protocol’s security.
Binance CEO Changpeng Zhao rallied behind ZachXBT and donated to his lawsuit fund, which has now grown to over $1 million. The community-funded effort is to help the blockchain investigator fight a defamation case brought against him by Jeffrey Huang, better known on Twitter as MachiBigBrother.
The top 100 DeFi tokens broke out of a three-week-long bearish phase aided by a significant Bitcoin (BTC) price surge over the past week, with most DeFi tokens trading in green, barring a few.
Etherscan launches AI-powered Code Reader
On June 19, Ethereum block explorer and analytics platform Etherscan launched a new tool dubbed “Code Reader” that utilizes artificial intelligence (AI) to retrieve and interpret the source code of a specific contract address. After a user inputs a prompt, Code Reader generates a response via OpenAI’s large language model, providing insight into the contract’s source code files.
Code Reader’s use cases include gaining deeper insight into contracts’ code via AI-generated explanations, obtaining comprehensive lists of smart contract functions related to Ethereum data, and understanding how the underlying contract interacts with decentralized applications. “Once the contract files are retrieved, you can choose a specific source code file to read through. Additionally, you may modify the…
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