The @Platypusdefi defi protocol was hacked for 8.5 million dollars (plus another 33 million $USP) today.
Here's a simple step-by-step overview of how the hack happened and how the placement of 4 lines of code could've prevented the entire exploit ๐งต:
We've had some fantastic calls with our partners recently.
Absolutely looking forward to the next season for @Platypusdefi and @traderjoe_xyz and wish we could share all the alpha ๐
#AVAX teams are building!
Welcoming $AVAX as the second major layer one crypto asset next to $BTC as part of the $UST Reserve.
The inclusion of @avalancheavax's native token marks the start of a diverse pool of layer one crypto assets helping support the $UST peg.
It's only just the beginning frens.
1/ Thrilled to reveal the blossoming collaboration between @avalancheavax and Terra will also be further solidified with a $100 million Treasury Swap between TFL and the Avalanche Foundation of $LUNA <> $AVAX to strategically align ecosystem incentives!
https://t.co/z9A86CWZDs
๐๐บANNOUNCEMENT๐บ๐
Vector is partnering with @terra_money!
We received $100k $UST to reward $UST stakers on Vector ๐ฐ
Vector will be providing an equivalent amount of bonus $VTX rewards to $UST stakers as part of the partnership! ๐ค
Time for a ๐งต
https://t.co/GUp7tpZnPM
1/
As a Platypus OG - when I stake $PTP in @Platypusdefi I may as well consider it gone - bc I'll never unstake & lose that accumulated vePTP.
But what to do w/ all those daily $PTP rewards?
Here's a strategy to compound earned PTP w/ high yield using xPTP on @vector_fi๐
๐ Starting from ~21st March 09:00 EDT, add & stake liquidity to the eligible pools on #KyberSwap and unlock $AVAX & $KNC rewards over the next 4 months! ๐ฅณ