In the interests of stating it publicly, Wildcat *as a protocol* is unaffected by today’s attack - no borrowers have any markets with rsETH as the underlying.
It remains to be seen how any second-order effects bleed out, and Labs will be paying attention and asking questions as appropriate and as details unfold.
As it happens, we had recently had a internal debate on the benefits of looping/distributing exotic assets (and in the DeFi sense, tokenised debt qualifies) - basically arguing between TVL growth versus a substantially larger risk surface space
Even though the root of this incident appears signature based, once the post mortem and path forward is clear, I’d like to add another perspective from a paranoid who’s seen nearly all of it before
My sympathies to everyone affected - I’m happy to make my/the Wildcat Labs engineers’ time available to anyone that wants to chat about the immediate and near-term changes we envision accounting for given the two gigantic security/signature based attacks in the last month
Take care, all
ERC-4626 wrappers are now deployable for all @WildcatFi markets!
Wildcat debt positions can now easily integrate into the broader DeFi stack. This means that wrapped market tokens can be deposited into @Morpho vaults, used as collateral on @eulerfinance, supplied to @aave and so on - anywhere that accepts ERC-4626 assets.
Wildcat's composability surface just got a lot larger!
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