ve88mph 🛹

Ethereum-based protocol enabling permissionless fixed-yield earnings through Aave, Compound, etc.

[ve88mph 🛹 @88mphapp]

Due to sustained low activity, the 88mph Foundation will wind down in the coming weeks, with some assets liquidated.
Thank you for your support, especially during the vibrant early days of 2020 and 2021.
Grateful for the DeFi ride at 88mph!

[ve88mph 🛹 @88mphapp]

Hold some $MPH tokens? Boom! Tier 3 badge is yours 🔥. Lock 'em to soar to Tier 4. Longer you lock, Higher you go!

Claim your badge at https://t.co/kQTTFaaw5t

[ve88mph 🛹 @88mphapp]

Rekindling our feed to remind you about the ongoing 4-year $LIT airdrop, courtesy of our collaboration with @rep3gg! 🚀

[ve88mph 🛹 @88mphapp]

Step 1: Follow us.
Step 2: Snag that NFT badge! 🎖️
Wanna level up? Like and RT our $LIT airdrop tweet!
https://t.co/QWBWNZJ878

[ve88mph 🛹 @88mphapp]

We are excited to share that the $LIT airdrop is now live! As a token of appreciation for our community, we are distributing a total of 50m LIT over the next 4y to veMPH holders. To start receiving your share, visit https://t.co/SDJ12Hun87 and click "Initialize airdrop."

[ve88mph 🛹 @88mphapp]

The veMPH Balancer pool remains secure and unaffected by the detected vulnerability. See the complete list here https://t.co/nL63HjzgAX. Kudos to Balancer for their vigilance.

[Balancer @Balancer]

Balancer has received a critical vulnerability report affecting a number of V2 Pools.

Emergency mitigation procedures have been executed to secure a majority of TVL, but some funds remain at risk.

Users are advised to withdraw affected LPs immediately.

https://t.co/PDzX32gqeS

[ve88mph 🛹 @88mphapp]

We are excited to share that the $LIT airdrop is now live! As a token of appreciation for our community, we are distributing a total of 50m LIT over the next 4y to veMPH holders. To start receiving your share, visit https://t.co/SDJ12Hun87 and click "Initialize airdrop."

[ve88mph 🛹 @88mphapp]

$LIT LBP launch ❤️‍🔥

[Bunni @bunni_xyz]

The LIT LBP is now active!🥳

You can now swap for LIT using USDC. The LBP will remain active for the next 7 days.

Participate here:
https://t.co/9DbRZbQ0SH

[ve88mph 🛹 @88mphapp]

Woo hoo! We're teaming up with Timeless for the launch of LIT, the ultimate liquidity incentivizer on Uniswap v3. LBP starts 1/9 - don't miss out! https://t.co/jwY7KegVoo

5% of the total supply of $lit will be distributed to $veMPH holders!

[Bunni @bunni_xyz]

Announcing the launch of our token, Liquidity Incentive Token (LIT)

LIT makes incentivizing liquidity more efficient by giving gauge rewards to Uniswap v3 positions.

LIT will be distributed via an LBP that begins on 1/9.

Read more here:
https://t.co/Hm87hiP4Xn

[ve88mph 🛹 @88mphapp]

The weekly vested MPH rewards assigned to depositors have been distributed!

[ve88mph 🛹 @88mphapp]

Happy Thanksgiving to our frens in the US!

[ve88mph 🛹 @88mphapp]

3/3 Work Todo:

- Implement frontend changes stats and charts (data reliability)
- Implement frontend changes to reduce the number of Subgraph requests and RPC calls (cost reduction)

Resources:

- https://t.co/Y8mBUe607n

[ve88mph 🛹 @88mphapp]

What a shit show for "Crypto", but let's remember that the majority of the non BS OG DeFi projects are still grinding in back stage to improve the user exp. for the next OG generation.
Our changelogs are not featured on MSM, but we're here, maintaining, improving. Check below ⬇️

[ve88mph 🛹 @88mphapp]

2/3 more changelog

- Improved historical data indexing to improve reliability of stats and charts.
- Updated dependencies to improve maintainability.
- Frontend updated to handle new Subgraph format.
- Changes deployed for all chains.

[ve88mph 🛹 @88mphapp]

@0xerket @0xSzeth @immunefi Accrued MPH balances were reset to 0 to avoid any new fraudulent claim from the old contract https://t.co/E5dCrWsia5

[ve88mph 🛹 @88mphapp]

3/7. Since then, 88mph's core contributors have executed several contract upgrades via the governance MS that fixe the issue. Existing vest balances have stopped receiving rewards and were reset to 0 after the upgrade to prevent more fraudulent claims from the old contract.

[ve88mph 🛹 @88mphapp]

88mph vesting contract bug disclosure

1/7. On September 24, 2022, @0xSzeth, 88mph contributor, submitted a @immunefi bug report regarding the accounting logic of the MPH reward vesting contract, which resulted in depositors getting significantly more rewards than they should.

[ve88mph 🛹 @88mphapp]

7/7. The veMPH system incentive should work as expected from now on. Please join our Discord server if you want to report any issue you may encounter. We deeply appreciate the community involvement in making 88mph protocol a sound and transparent foundation of money & finance 🫶.

[ve88mph 🛹 @88mphapp]

6/7. As no user deposits or yield token positions were at risk during the process, the 88mph core contributors decided to disclose the bug only after the deployment of the fixes to avoid any potential new risk.