As Web 3 expands, cross-chain bridges will continue to improve interoperability across siloed ecosystems 🤝
Learn more about key features of bridges and what users can look for before transferring their assets from @ebethbarnes here: https://t.co/5V8DbAbwHM
Another rug-pull triggered from a smart contract exploit.
How Steelbird On-Chain Protection can prevent these rug-pulls ?
1. Detects a massive liquidity dump in a specific timeframe (detection starting from mempool)
2. Remove user liquidity from pool and swap to stable
Important Notice:
We are sorry to announce that #PolyNetwork was attacked on @BinanceChain@ethereum and @0xPolygon Assets had been transferred to hacker's following addresses:
ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963
BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71
Did you know that common good parachains are parachain slots reserved for functionality that benefits the ecosystem as a whole? Learn more about the purpose of these parachains and the categories they fall into from the #Polkadot Wiki 👇
https://t.co/N8yB77Bivn
This is huge! Facebook will use Polkadot to host their testnet which will be based on the Substrate framework! Do we need any other proof of how important the Polkadot already is?
@Alex_PromoTeam@stakenode_dev@DotParachains@DotParachains
https://t.co/mj0fvbMm2k
The very first event from the Encode Polkadot Club series, a long-term educational programme in partnership with @encodeclub, is happening this Thursday, July 8th at 6:30pm CET. Learn about other stages of the programme and save your spot for the event 👇https://t.co/KTv2S6I3zb
Polkadot is a decentralized system run by a large number of nodes that cannot be controlled by a single entity. The security of the network relies on nominators active participation in selecting suitable validators and updating their selection frequently. https://t.co/5vGw3NJHiw
Referendum 28 for #Polkadot has been executed, the minimum amount for staking is now 40 DOT.
The maximum number of nominators has been increased to 22 500.
Nominators count will be watched closely and could lead to increase the minimum amount.
https://t.co/YQwZYxijYM
Liquid staking has the potential to be a great solution for token holders, networks, and the DeFi ecosystems built on top of them.
This overview highlights @LidoFinance, @pStakeFinance, and @AcalaNetwork. 👇
https://t.co/K1VfYNDRxg
To earn investors trust in the DeFi platforms, the community must create profound security practices and culture around safety. https://t.co/R9qxlzxAGX
We needed a fast and secure web3 gateway for Steelbird and we found it, it's @Figment_io :
🛠️ Fast onboarding setup, we created a Matic gateway in seconds
🛡️ Secure, API key auto-obfuscation on dashboard is awesome
⚡️ Latency is great compared to other providers <= 500ms
Rug-pull, bank-run, panic sell, exploit. Steelbird Risk Engine evaluate all these as "liquidity dump" including this recent unfortunate event. SteelBird can reduce anxiety for DeFi users and bring a boost of confidence for investors 💪 @CoinDesk
https://t.co/jP0Yu9PlIb
Steelbird's Risk Engine - a novel solution for DeFi risk assessment:
⚙️ Front-running & mempool access to detect risks before block finality
🌪 < 10 ms reaction time
🚀 Instant protection when staking on Windpools (Growth Engine)