Mobius

Celo’s original and now deprecated stablecoin DEX

[Mobius @mobiusmoney]

8/8
You can find a full list of events here: https://t.co/COBDAWu0kf
And see some of the Mobius equivalent pools on Curve here: https://t.co/NRJKagXYqz

[Mobius @mobiusmoney]

1/8
A summary of how the attacker gained control of the Mobius DAO, what they do (and don’t) have control over, and what your options are as a liquidity provider.

First and foremost, existing deposits in liquidity pools still appear to be safe ✅

[Mobius @mobiusmoney]

7/8
As a reminder, existing pool deposits appear to be safe. The attacker stands to make money off ongoing swap fees and controls the MOBI treasury, but not liquidity providers’ funds.

[Mobius @mobiusmoney]

Upon communication with @MentoProtocol team, it appears there is no risk to this governance proposal since it would require additional action

[Mobius @mobiusmoney]

4/
The attacker also set the Mento 1:1 cUSD/USDC pool’s withdrawal fee to 1%, and would benefit from CGP79 passing, which would refill this pool with 10M of USDC.

Given this, we strongly encourage the Celo community to vote against this proposal, ending Fri, 12/23 at 6:18am UTC

[Mobius @mobiusmoney]

6/
Finally, given the relatively small amount of funds that the attacker can collect, we encourage the attacker to reach out to us. Our DMs are open.

[Mobius @mobiusmoney]

The Mobius team has been notified of suspicious activity and has temporarily halted deposits via the UI pending further investigations; existing deposits in liquidity pools appear to be safe. Updates are forthcoming.

[Mobius @mobiusmoney]

5/
It's important to note that the withdrawal fee is hardcoded to 0% on all other pools and therefore withdrawals on non-Mento pools should not be affected.

We will continue to investigate and provide updates here.

[Mobius @mobiusmoney]

and there was a pretty sweet new project released that is built on top of Mobius. any guesses? 👀

[Mobius @mobiusmoney]

What a great week for @MobiusMoney at #CeloConnect in Barcelona. One of our founders @robertleifke joined @ubeswap and @0xSymmetric for a panel on DEX capital efficiency. Video link coming soon 🙂

[Mobius @mobiusmoney]

Mobius now let's users mint @CeloOrg's Brazilian REAL stablecoin 🖨️💵

Be your own money printer https://t.co/1wRzhXDzrm

[Mobius @mobiusmoney]

The MobiusDAO has purchased and redistributed 736,000 MOBI to stakers for the most recent buyback 💰

Start staking ➡️ https://t.co/dlx79IfoIM

[Mobius @mobiusmoney]

Did you know we processed more volume than Mento, @CeloOrg's stability mechanism, in the last 30 days? 🔮👀

[Mobius @mobiusmoney]

Mobius is now on @DappRadar 🔦

[DappRadar @DappRadar]

🎉New Integration🎉

We now track @CeloOrg dapps!

You can analyze which #dapps attract the most volume, unique user wallets, or process the most transactions.

@ubeswap @MobiusMoney @Moola_Market @ImmortalDAO_Fi

Check out: https://t.co/gndSt6AORr