Euler was hacked for almost $200M. as a consequence of a vulnerability that allowed the attacker to “create an unbacked token debt position by donating funds to the Euler’s reserves”.
As a outcome, “the attacker was able to liquidate these underwater accounts and profit from the liquidation bonuses.”
Angle Protocol lost ~18.4m as Angle’s core module invests a part of its funds in automated yield methods, which incorporates depositing funds in Euler. The protocol has been paused with debt ceilings set to 0, and the Euler AMO has been wound down.
Balancer lost 11.6m despatched to Euler from the bbeUSD (Euler Boosted USD) pool. Balancer has paused and put into restoration mode bbeUSD and all swimming pools containing bbeUSD.
Idle DAO lost ~$5m in methods that spend money on Euler. The precise figures can change relying on the insurance coverage protection and another plan undertaken by the Euler crew.
Yearn lost $1.38m because it has oblique publicity to Euler. Affected methods embrace yvUSDT and yvUSDC which invests in Idle and Angle. Devs are engaged on the repair and the crew assures that any dangerous debt remaining shall be coated by the Yearn Treasury.
Yield Protocol lost ~1.5m because the protocol’s mainnet liquidity swimming pools maintain Euler eTokens and Yield fyTokens. Yield has disabled the app and paused mainnet borrowing whereas investigating.
Gearbox introduced V3. The new model may have enhancements on Asset Limits and Quota Interest, Minimum Viable Tokenomics (MVT) through staking, a bots & automation market, and Balancer/Aura integrations. ETA for V3 is across the finish of Q2.
dydx handed the vote to cut back buying and selling rewards by 45% and the proposal has been queued for execution. These adjustments will take impact initially of the subsequent epoch (Epoch 21), which begins on March 14, 15:00 UTC.
Filecoin is launching Filecoin Virtual Machine (FVM) on March 14. The launch will enable Devs/initiatives to deploy EVM sensible contracts on the Filecoin community, enabling ideas similar to Data DAOs and programmable storage marketplaces.
📆 Upgrade @ epoch 162304, (10:25:36 PM UTC on Mar. 14, 2023)📆
Client release versions, FAQs and community calls + watch parties are all linked below ⤵️
The implementation of Shapella on Ethereum Goerli sets to go live around 10:25 pm UTC on March 14. Goerli is the last testnet to go through before Shanghai launches on the mainnet.