$ETH moon, $ALTS skyrocket π« LPs get rekted eh?
New solution's coming to help ease the pain. IL protection is _NOT FREE_ but at least it's 100% predictable.
It's christmas time! courtesy of @GriphookETH πΊ
π Sneak-peek at contract https://t.co/kSZ9EFT7PG (not deployed yet)
π¨ 1/ The recent @warpfinance hack is the result of using vulnerable @UniswapProtocol π¦ LP token prices.
The attacker was able to drain ~$7.8M worth of $DAI for smaller collateral.
#AlphaHomoraV2 uses a different LP pricing method that is safe against such attack vector. π
fooo could be a billionaire
and tbh fooo would still spend fooo's time eating popcorn and gaming
quality of life difference wouldn't change much
but that's not the point
because there's more to life than money
there is flexing on people about being right
You can't just do reserves[0]*prices[0] + reserves[1]*prices[1] when computing TVL in Uniswap LP or you will get rekted. Your code: https://t.co/GEBQ7XKEO7
Correct way is to derive ideal reserve values from K and the underlying prices. See our code: https://t.co/I6LhJn5Kq2
@ChainLinkGod@krugman25 This time it's not directly with the underlying price data, but rather with how they compute value of Uniswap LP tokens based on the current reserve values (which can also be manipulated with flashloans)
You can't just do reserves[0]*prices[0] + reserves[1]*prices[1] when computing TVL in Uniswap LP or you will get rekted. Your code: https://t.co/GEBQ7XKEO7
Correct way is to derive ideal reserve values from K and the underlying prices. See our code: https://t.co/I6LhJn5Kq2
You can't just do reserves[0]*prices[0] + reserves[1]*prices[1] when computing TVL in Uniswap LP or you will get rekted. Your code: https://t.co/GEBQ7XKEO7
Correct way is to derive ideal reserve values from K and the underlying prices. See our code: https://t.co/I6LhJn5Kq2
You can't just do reserves[0]*prices[0] + reserves[1]*prices[1] when computing TVL in Uniswap LP or you will get rekted. Your code: https://t.co/GEBQ7XKEO7
Correct way is to derive ideal reserve values from K and the underlying prices. See our code: https://t.co/I6LhJn5Kq2
You can't just do reserves[0]*prices[0] + reserves[1]*prices[1] when computing TVL in Uniswap LP or you will get rekted. Your code: https://t.co/GEBQ7XKEO7
Correct way is to derive ideal reserve values from K and the underlying prices. See our code: https://t.co/I6LhJn5Kq2
π¨ We are investigating irregular stablecoin loans taken out in the last hour, we recommend that you do not deposit anymore stablecoins until we have clarity on the irregularities
Generalized option market π§
I do have a few ideas that's definitely _weird_, possibly something vv different from what everyone's used to in both centralized and decentralized finance. Interestingly it can be built w/ the same framework as IL insurance hmm...
Sharing more soon
Someone just opened a position on @AlphaFinanceLab Homora, using ~500k $LINK (~$5M) and borrow ~9000 $ETH (~$5M) πππ to farm on @SushiSwap
Is this from one of the OG marines? @DeFiGod1@ChainLinkGod?
https://t.co/WQtKH7FJFQ
#AlphaHomora TVL is up from #19 to #18 on @defipulse with more than $80M π
π #20 on Dec 2
π #19 on Dec 3
π #18 today, Dec 9 π₯
Nice and steady