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Hello everyone!
We recently took an initiative to build @ZentraFinance on @citrea_xyz as we believe Citrea is the key step for Bitcoiners to finally embrace DeFi.
Here’s why we chose Citrea and why it matters for Bitcoin’s future:
Zentra is back online, and markets have reopened following the September 9 exploit.
The exploit left the ctUSD reserve short by approximately 139,961 ctUSD against depositor claims. A one-time proportional adjustment of 10.19% has been applied to every zctUSD balance recorded at block 12428145, bringing reserve claims back in line with reserve assets.
Withdrawals are now open at https://t.co/KOIPg1detE. Most of the reserve remains lent out, so liquidity will return as borrowers repay. New borrowing against the reserve remains restricted so that returning liquidity reaches withdrawing depositors first.
The adjustment restores the reserve. It does not by itself make affected depositors whole.
The 14 September deadline passed without a response from the attacker. Recovery efforts are continuing through technical, on-chain and legal channels, and the bounty is now directed at verified informants.
We will provide a further update once the next steps have been confirmed.
An initial mitigation was implemented on Zentra today to prevent users from accruing additional interest while the markets remain paused.
Interest rates have been set to 0, and the protocol has been paused again while the broader system patch undergoes review.
We will provide a further update once the review is complete and the deployment plan and next steps have been confirmed.
Once the biggest player on DeFi world, now it’s just “another update”.
Curve wars was overrated, but i think the biggest lesson it taught was that anything is gameable.
They were the smartest in the room at the time
It's essentially free to ...
Let me correct myself.
We are actually paying you to borrow on @ZentraFinance right now!
Best rates in the market!
Use Zentra!
Looking for deep, reliable liquidity?
Zentra Finance has $1.3M available and borrowable right now.
Explore our markets and power up your capital efficiency!
ctUSD Earn Vault is now LIVE on Zentra Finance!
Start earning stable yields on your ctUSD with no leverage, automated across top Citrea ecosystem venues 🍊
Flexible deposits. 24h redemptions. Real Bitcoin capital markets liquidity at work.
Deposit now 👇