@Pinyonete If it seems correct, no action needed. If something looks wrong or DM me. It's likely funds will never be returned and people need to move on, in case funds are returned the snapshot is there to help for attribution
8/ The ask is simple:
@merkl_xyz please keep campaigns permissionless, but curate the frontend better.
Ploutos, now @purrlend . This is the second time users got routed into an Aave fork that later blew up.
Total loss so far ~$2M
Better risk labels. Better screening. Better user protection.
cc @GuillaumeNervo@AngleProtocol@zachxbt
Incentive campaigns are becoming part of DeFiโs norm
Users see rewards, TVL, ecosystem mentions, and assume some baseline diligence was done.
After Ploutos and now @purrlend , it is time to ask:
How much risk context should reward platforms show before users deposit?
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@merkl_xyz@purrlend 7/ To be clear:
This is not saying @merkl_xyz caused either incident.
They did not.
But reward frontends create distribution and perceived legitimacy. If users discover a protocol through a rewards frontend, many treat that as a soft trust signal.
@tobific Purrlend was not a hack, we highly suspect it was a team rug, check out our latest article: https://t.co/ah6MdKu8wS We are looking for an orderly resolution and would appreciate any help we can get, like/RT thanks!
@Shift_DeFi@Shift_DeFi
Purrlend was not a hack, we highly suspect it was a team rug, check out our latest article: https://t.co/ah6MdKu8wS We are looking for an orderly resolution and would appreciate any help we can get, like/RT thanks!
@wublockchain12@wublockchain12
Purrlend was not a hack, we highly suspect it was a team rug, check out our latest article: https://t.co/ah6MdKu8wS We are looking for an orderly resolution and would appreciate any help we can get, like/RT thanks!
@kirbyongeo@kirbyongeo
Effectively Purrlend was likely an inside job, check out our latest article: https://t.co/ah6MdKu8wS We are looking for an orderly resolution and would appreciate any help we can get, like/RT thanks!
Hey @bread, appreciate you and congrats on the @megaeth TGE launch. Really happy for you guys and wishing Mega the best.
Small ask for next time: please do deeper DD before soft-promoting ecosystem projects.
@purrlend rugged its users, and a lot of people got badly hurt.
https://t.co/4GQoXRfe7s