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๐ Before @CatizenAI Open Beta goes live, let's take a look at Catizen tokenomics! ๐พ
Did you know? ๐ 35% of tokens are dedicated to the Ecosystem and AirDrop! ๐ช
Invite your friends to join the kitty metaverse and play for AirDrop rewards! ๐ฐ๐บ
Catizen has been online on #TON for 2 weeks! ๐ป
Thank you everymeow for accompanying Catizen and Kitty to grow together!๐
๐ฅ Excited to share this data with you:
๐พ Total In-Game catizens: 1.3M
๐พ DAU: 213K
๐พ On-Chain Meows: 100K
๐พ On- Chain Transactions: 1.7M
๐ช Let's play for Airdrop in Catizen together!๐ผ Look forward to the rapid development of Catizen and @ton_blockchain together!
๐ Our 2024 Roadmap is here, and we're thrilled to share it with you! ๐
As the Open Beta launch draws near, do you still think @CatizenAI is just a simple cat game? Think again! ๐ธ Check out what we have in store for you this year!
๐บ๏ธ I guess the AirDrop๐ช you are most concerned about happens in Q2 Meow~
Excited to embark on this journey with us? Stay tuned for more updates and surprises along the way! ๐บ๐ฎ #Catizen #OpenBeta #Roadmap
๐ Catizen's Milestone moment! ๐
After 1 week of Catizen Open Beta, we've received an overwhelming support! Thank you all for your love and meow-tastic shares! ๐บ
๐ข We're excited to announce:
ยท Catizen has welcomed over 1M Bot users, with 78K being On-chain users!
ยท Catizen's Daily Active User exceeds 210K+!
ยท We achieved over 1M On-chain Transactions!๐ป
๐ Catizen is committed to furthering the meows family, so let's keep the momentum going! ๐พ
Get Start: https://t.co/dBFtdoeA7a ๐ฅ
#Catizen #Telegramgamebot #TON
In the past month, KyberSwap has faced unprecedented challenges due to the Elastic exploit. Despite this, I am grateful to say that our core business, including the Aggregator and Limit Order functions, remains robust.
Moreover, we will soon be launching our Zap API, an innovative development that will enable dApps, wallets, and other projects to become the most convenient gateways for their users to access DeFi liquidity protocols. This development underscores our commitment to not only sustaining our platform, but also to continuing to contribute to the wider DeFi ecosystem.
However, due to the Elastic exploit, in a move to stand by affected users, we implemented the KyberSwap Elastic Exploit Treasury Grant Program to cover up to 100% of usersโ losses. We have also made significant changes in our business operations to ensure we are well positioned to continue on a sustainable path forward, including temporarily pausing our liquidity protocol initiatives and KyberAI project.
Regrettably, we have also reduced our workforce by 50%. The past few days have been among the most challenging in my journey as an entrepreneur. The decision to part ways with so many of our team members was heart-wrenching. Each individual is not only highly skilled, but also deeply committed to advancing DeFi and bringing tangible value to end-users. Their unwavering dedication during these tough times has shown great character and passion for the industry. Such talent and integrity are rare in our fast-paced, profit-driven industry.
To support our departing team members, we are creating a voluntary database to connect them with potential opportunities in the web3 space. I highly recommend that fellow web3 founders consider these exceptional individuals for their teams. They are not only capable, but also bring a level of commitment and integrity that is invaluable.
@KyberNetwork
Just received 0.025 $ETH ARBITRUM STYLUS Testnet tokens for the Arbitrum Stylus network through @BlastAPI and @BwareLabs! Ready to explore and experiment on the Arbitrum Stylus network with https://t.co/n6KgbJaTsr. Tweet verified by 0ee22706-f015-49ed-b063-2438d4545e5c code
In relation to the KyberSwap Elastic incident that transpired from 22 November 2023, 10:54:09 PM UTC, resulting in the exploitative swaps by the exploiter that drained approximately $48.8 million of usersโ funds from KyberSwap Elastic liquidity pools, we reiterate our unwavering commitment and efforts to support law enforcement and cybersecurity on track-down of the exploiter and recovery of usersโ funds taken from them.
We want to assure our users that we are standing by you during this challenging period and that we understand that until funds are recovered that users would continue to have concerns especially those in hardship due to the loss caused by the exploit. As such and notwithstanding that KyberSwap Elastic is a decentralized and permissionless protocol under which users accept risk of use of KyberSwap Elastic and being liquidity providers, as stated in the Terms of Use, we are planning grants from the KyberSwap Treasury to users to ease the hardship from the loss caused by the exploit.
Our present plan is for the KyberSwap Treasury to extend a grant to each user (who lost funds in the exploit and which have not been recovered) of an amount up to the USD value of such funds at the time when such funds were drained from their respective liquidity pools. We are working out the details of the above proposed treasury grant and will announce more details within the next two weeks.
The KyberSwap team has been in contact with the owners of the frontrun bots that extracted about $5.7M* worth of funds from KyberSwap pools on Polygon and Avalanche during the exploit.
We have negotiated with the owners of the frontrun bots to return 90% of the usersโ funds taken by them to: 0x8180a5CA4E3B94045e05A9313777955f7518D757,
in return for a 10% bounty as described in this on-chain message: https://t.co/lBQhLvSLcu
So far, a total of about $4.67M** worth of funds has been returned to the KyberSwap Deployer address on Polygon via these transactions:
813,198.63 dBSGG (~$813.2k):ย https://t.co/52uGofpKMp
361.92 axl-wstETH (~$870.5k):ย https://t.co/oxSb6QI6ci
441.8 WETH (~$919k):ย https://t.co/C5H8aCnlIz
261.5 wstETH (~$624k):ย https://t.co/l0ZGPOmBFb
711,430.9 WMATIC (~$547.8k):ย https://t.co/hGH3rOuZwr
443,011.6 USDT (~$443k):ย https://t.co/7Bppz1A1Bg
385,630.7 USDC (~$385.6k):ย https://t.co/g9H7X5JKv1
65,130 USDT (~$65.1k):ย https://t.co/tV0bioLwoW
Following this recovery of usersโ funds from the frontrun bots, we will continue to support law enforcement and cybersecurity on track down and recovery of usersโ funds from the perpetrator of the exploit attack.
*Based on market prices at the time of the exploit
**Based on market prices at the time of this announcement
It's been a few days since the exploit attack, and I finally have the time and bandwidth to communicate. I remain fully dedicated to doing everything in my power, alongside the team, to support efforts to bring the attackers to justice.
I've been pushing @KyberNetwork since 2017, from its very first line of code. I've weathered many tough times with the team and successfully navigated multiple crises, getting Kyber back on track and contributing significant value to the space. I'm proud of the Kyber team, I'm proud of the journey we've undertaken, and I especially appreciate all KyberSwap users.
One of Kyber's and my own biggest strengths, I believe, is reliability. We consistently strive to add value and assist others. We've fought battles and made sacrifices to uphold our reputation as our most cherished asset. Despite this devastating attack, we remain committed to preserving our reputation.
Personally, I will do everything within my power to support law enforcement and cybersecurity on their track down and recovery of usersโ funds from the attackers to minimize the damage suffered by users due to the attack. Supporting the track down of the attacker and recovery of usersโ funds is my top priority from this point onward and will continue to be until every user has been made whole.
The Aggregator API, Zap as a service, and LO API are crucial technologies in this space, and we will continue to maximize their potential. Unfortunately, Kyber Elastic will no longer be operational.
I understand that fund recovery is the primary concern for all users at this time, and I want everyone to know that I'm here, unwavering in my commitment to this cause. Anyone who knows me understands that I won't give up, and I won't cease in my efforts to support the recovery of all usersโ funds.
1/4
The 2nd Quest of KyberSwap Signature NFT is about to begin! ๐ฅ
Add minimum $250 liquidity to any of our pools on @0xPolygonDeFi, @optimismFND, @arbitrum or @zksync to earn a coveted KyberSwap Liquidity NFT!
1/2
Prepare to embark on an epic @Chain_GPT side quest with KyberSwap ๐
Complete missions on @Galxe with KyberSwap & $CGPT to earn an exclusive NFT and gain access to our $5,000 $CGPT airdrop!
๐ย Your mission begins 8 June. Will you be ready?
1/4
Itโs Time.
Introducing the KyberSwap Signature NFT Quests!๐ฅ
Complete 3 quests to unlock these Signature NFTs and gain alpha to upgrade your DeFi adventure with KyberSwap ๐
The 1st Quest has already begun! ๐
1/2
Urgent message to KyberSwap Elastic LPs:
Please remove your liquidity immediately.
As shared in previous announcements, there has been a potential vulnerability identified Elastic's smart contract.
We will be deploying a new smart contract, details to be announced soon.