🚨Official Statement from @HLiquity_ regarding the recent hack suffered by @SirioFinance.
We deeply regret the recent security incidents affecting @SirioFinance . At @HLiquity_ , we stand in solidarity with the affected community and reaffirm our commitment to security and trust within the #DeFi ecosystem.
1. Monitoring the Situation: We are closely following @SirioFinance’s investigation to fully understand the exploited vulnerabilities. This will help us reinforce our own security measures and prevent similar risks across the ecosystem.
2. Immutable and Proven Security: HLiquity operates with immutable, governance-free smart contracts. These contracts cannot be altered, ensuring transparency and reliability. Additionally, HLiquity underwent a comprehensive security audit by Omniscia and has been live since June 5, 2024, without any security issues.
3. Why HLiquity Is Resilient to Similar Attacks:
☑️ No Lending Pools: HLiquity does not operate lending pools where multiple assets can be borrowed. Borrowing is limited to #HCHF (a stablecoin pegged to the Swiss Franc) against $HBAR collateral.
☑️Over-Collateralization Enforcement: A minimum collateral ratio of 110% is required, and liquidations are triggered automatically if this ratio drops too low.
☑️Stability Pool Mechanism: Liquidations are handled through the Stability Pool, which ensures undercollateralized loans are repaid without relying on external lending logic.
☑️While flash loans could theoretically be used for arbitrage or liquidation strategies, the specific vulnerabilities exploited in the @SirioFinance attack (e.g., fake collateral supply or faulty lending logic) do not apply to @HLiquity_'s model.
4. Collaboration & Transparency: We firmly believe that #DeFi security is a collective effort. We are committed to sharing insights and collaborating with other protocols to enhance @hedera´s ecosystem resilience.
5. Confidence in the Ecosystem: Hedera remains a strong and secure network due to its advanced technology and active community. Incidents like these highlight the importance of working together to build a safer environment.
We thank our community for their trust and encourage everyone to stay updated through our official channels. At @HLiquity_ , we will continue prioritizing asset protection, strengthening defenses, and implementing preventive measures to ensure a secure experience for all users.
#HLQT #HCHF
To: Social Staking participants
Subject: Social Staking Week 1 - Last Day
Hello my dear social stakers,
We’re entering the final day of our first week, and it has been absolutely amazing so far, with 238 of you already participating! The Dino Corp is incredibly proud to be leading the way in Decentralized Marketing innovation by offering $DINO holders this amazing program.
Quick update about the prizes: there was a bug in the SER platform that caused score shares to be diluted, which was reducing your prizes with each score update. This issue has now been fixed, and you’ll be able to see your real prizes reflected correctly.
Have a wonderful Sunday!
- Roy📨
Gee M, my dear social stakers!
What a wonderful feeling to wake up and see that the first-ever score update for our Social Staking has been processed. I have to admit, my reptile eyes got a little teary seeing these incredible numbers:
- 197 participants; 124 already with scores processed on day one,
- Nearly 10,000 interactions, and
- Over 55,000 views on my Twitter E-Mails!
This is pre(history) in the making!
Haven't joined the fun yet? Head over to https://t.co/gG32icr3ln and join our campaign!
If you have any questions or just want to chat about our campaign—or ties and all things $DINO —join our Telegrams! The Dino Corp moderation team is always there to help you: https://t.co/I1AtCrDn0r
- Roy📨
Gee M everyone!
HAHAHAH, looks like my pocket sent a Twitter E-Mail for you all last night! It was a fun surprise to see all those responses this morning. Looks like you all had fun with it.
So yes, I’m doing fine! No, not in danger. And no, I didn’t spill green tea all over my keyboard, I have learned that lesson!
Ok, this was fun! Like you say, “LOL”!
- Roy📨
Gee M everyone!
HAHAHAH, looks like my pocket sent a Twitter E-Mail for you all last night! It was a fun surprise to see all those responses this morning. Looks like you all had fun with it.
So yes, I’m doing fine! No, not in danger. And no, I didn’t spill green tea all over my keyboard, I have learned that lesson!
Ok, this was fun! Like you say, “LOL”!
- Roy📨
To: Gilbert
Subject: Tie image for the minting thing
Hey Gilbert,
I’m trying to send you the image for that amazing new tie, but something’s not working. Every time I try saving it, it gets completely messed up.
I really want you to be able to handle the minting tomorrow so we can surprise everyone. Can you take a look at the attached file? I’m not sure what I’m doing wrong.
- Roy📨