Alpha Engine’s next chapter is here: our developer onboarding guide and new Nitro rewards program to help rollups grow and scale:
1. Build with Alpha Engine
2. Earn rewards (points or yields) from @radius_xyz, @symbioticfi, and @AvailProject
3. Use rewards to scale your ecosystem
More below ↓
We spend a lot of time thinking about Ethereum’s biggest challenges and how to make it a better place for users and L2s alike.
Our journey started trying to stop bad MEV. It’s since led us to building solutions that make MEV work for the ecosystem: Secure Block Building (SBB). 👇🧵
This is it… Our Early Community Program (ECP) is open.
From your support to shared success for L2s.
How to join? Complete missions, play APT game, and earn an OAT on @GalxeQuest. Details below.🏃
@SECGov please look up this @Gate_io exchange. They stolen users money by liquidation on LA/USDT pair. This exchange use low liquidity exchange like @kucoincom to provide futures price. All major exch price will be 1.5$, but this exchange price is 27$
On June 4, https://t.co/XFU7OCW0pZ launched $LA perpetual futures. Within seconds, the price spiked from $0.60 to $25 — a 40x explosion. Mass liquidations followed (over $18M). Here's what happened:
The root cause? A broken index. @Gate_io built its price index using spot prices from several exchanges — including KuCoin, known for low liquidity.
On @kucoincom, $LA suddenly pumped to $50 (while it stayed near $5 everywhere else). That KuCoin price warped the index — which pushed https://t.co/XFU7OCW0pZ's futures sky-high.
🤯 Imagine having a futures position, fully collateralized — but suddenly, you need 40x more margin just because one low-liquidity exchange glitched. You're wiped out instantly. Unfuckinreal.
@Gate_io If everything was fine, why were trades closed, withdrawals stopped, the position was not displayed correctly and the price exceeded the average value by 20 times