1/ A bit of an update.
We are currently in talks with another large index protocol about a migration of BDI and BMI tvl, and corresponding compensation for BASK holders.
The $BDI migration is closed! ⏰
PieDAO and BasketDAO jointly worked to offer an elegant exit to holders who wanted to stay invested in #DeFi products and a #DAO community while migrating to #PieDAO
Sadly, the response wasn't as expected.
More here ⬇️
https://t.co/4z7VL2fSM9
You know what’s the best part of the #DAO2DAO acquisition of @BasketDAOOrg? 😎
We get to welcome like minded #DeFi believers to the #PieDAO family. 🍻
That’s the real win! 🏆
https://t.co/I0DrPIzw4d
#10
If you read all this – congratulations! One last thing, PieDAO really wants BasketDAO members to be part of their family. The proposal passed with a 98% approval- the highest by far!
#1
It’s been a rough few months, an exploit (the worst thing that can happen to a DAO), unfortunately impacted our community. We did all we could to correct the situation. We compensated the victims using treasury funds and made it easier for members to exit their positions 🧵../
#9
So if you hold BDI please swap your tokens for DeFi++ otherwise you’ll be left holding an illiquid bag! PieDAO is a great community full of likeminded DeFi believers, we promise you, you’ll feel right at home!
To the hacker: the team is willing to give you a 10% bounty on the amount you have exploited as a whitehat reward, provided that the rest of the funds are returned.
3/
Please do not give any additional approvals to the contracts on our website, the team is currently in the process of disabling the front end and investigating our remaining contracts.
2/ How to revoke :
(1) Go to https://t.co/6EyqfDzagx
(2) connect your wallet
(3) Check Include unregistered tokens & Include zero balances
(3) Search for 0x01A903c12A2Dd87A5410173A29543504DF8bD14B to see if any have approvals
(4) if they do, revoke approval
It has come to our attention that the BMIZapper (@BasketDAOOrg) has a vulnerability in it. Please revoke all approvals for https://t.co/OKdVlanRdE (Credit goes to @NoahCitron)