Quick Post-mortem of the WBTC Arb Incident.
08 Apr 2024, 15:00
Quick Post-mortem of the WBTC Arb Incident
TC Treasury refunded the failed swap (70 BTC direct to swapper) within the first 2 hours post incident. Root cause identified the issue and fixes are inbound -- a vault had run out of ETH gas, so failed to process the tx (fixed); the WBTC was deemed an "unrecoverable refund" and kept in the pool (it should have been moved to outside the pool, but inside the vault).
TC Treasury is the largest LP of the WBTC pool; and thus captured the majority of the slip based fees of the event; roughly around 50BTC balance change across the event.
The other 20 BTC was captured via arbs. Arbs are mostly friendly to the protocol so this incident capitalised them; They are still requested to return their profits minus 10%.
* Work is underway to add more auto-pause when major slip-events are detected in large pools.
* Community has a bounty and a process (tag @nodeoperator) if seeing any suspicious tx now.
* Additional work to add more bots to monitor and flag txs to community.
No further recovery will be sought from participants; thanks for your engagement. TC is a complex protocol; community is first and last line of defence. Better a small incident now to apply levels of fixes than a large incident in the years ahead. Other L1 DEX protocols - please apply these fixes to your protocols as well.
Onwards.
Same news in other sources
19308 Apr 2024, 16:30
ββπ° Crypto Fundraising Recap, Q1 2024
βοΈ Despite the upward trend in crypto fundraising, it remains notably restricted compared to past peaks. The market performance of emerging projects entering the arena could serve as a gauge for future fundraising trends.
Key Takeaways:
πΉ In Q1 2024, a total of $2.3 billion was raised across 422 funding rounds;
πΉ Despite a positive upward trend in the amount of money raised, the current amount is still less than at the beginning of the previous bull run;
πΉ The average amount of money raised per round tends to decrease and equals around $5.4 million per round on average;
πΉ Restaking protocols, interoperability layers, and perpetual decentralized exchanges (DEX) are currently in the VC focus;
For more insights and a detailed analysis of Q1 investment trends, read our fresh Crypto Fundraising Recap.
π
ββ Crypto Fundraising Recap, Q1 2024.
ββπ° Crypto Fundraising Recap, Q1 2024
βοΈ Despite the upward trend in crypto fundraising, it remains notably restricted compared to past peaks. The market performance of emerging projects entering the arena could serve as a gauge for future fundraising trends.
Key Takeaways:
πΉ In Q1 2024, a total of $2.3 billion was raised across 422 funding rounds;
πΉ Despite a positive upward trend in the amount of money raised, the current amount is still less than at the beginning of the previous bull run;
πΉ The average amount of money raised per round tends to decrease and equals around $5.4 million per round on average;
πΉ Restaking protocols, interoperability layers, and perpetual decentralized exchanges (DEX) are currently in the VC focus;
For more insights and a detailed analysis of Q1 investment trends, read our fresh Crypto Fundraising Recap.
π https://cryptorank.io/insights/reports/crypto-fundraising-report-Q1-24
08 Apr 2024, 16:29
πPalm Economy Community IDO Round Opensπ
Round 1 Guaranteed Round:
Starts: April 8th at 14:00PM UTC Time
Ends: April 9th at 13:59PM UTC Time
Round 2 FCFS Round:
Starts: April 9th at 14:30PM UTC Time
Ends: April 10th at 02:30AM UTC Time
Community IDO Round Details π
Palm Economy Community IDO Round Opens. Round 1 Guaranteed Round:. Starts: April 8th at 14:00PM UTC Time.
πPalm Economy Community IDO Round Opensπ
Round 1 Guaranteed Round:
Starts: April 8th at 14:00PM UTC Time
Ends: April 9th at 13:59PM UTC Time
Round 2 FCFS Round:
Starts: April 9th at 14:30PM UTC Time
Ends: April 10th at 02:30AM UTC Time
Community IDO Round Details π
https://twitter.com/VLaunchCOM/status/1777312298421366939
08 Apr 2024, 16:29
telegram news 08 April 2024 16:29
https://x.com/zoidpay/status/1777372929640010246?s=46&t=L_YbX1x8Ht_Sn6RQvCPRDA
08 Apr 2024, 16:28
πPalm Economy Community IDO Round Opensπ
Round 1 Guaranteed Round:
Starts: April 8th at 14:00PM UTC Time
Ends: April 9th at 13:59PM UTC Time
Round 2 FCFS Round:
Starts: April 9th at 14:30PM UTC Time
Ends: April 10th at 02:30AM UTC Time
Community IDO Round Details π
Palm Economy Community IDO Round Opens. Round 1 Guaranteed Round:. Starts: April 8th at 14:00PM UTC Time.
πPalm Economy Community IDO Round Opensπ
Round 1 Guaranteed Round:
Starts: April 8th at 14:00PM UTC Time
Ends: April 9th at 13:59PM UTC Time
Round 2 FCFS Round:
Starts: April 9th at 14:30PM UTC Time
Ends: April 10th at 02:30AM UTC Time
Community IDO Round Details π
https://twitter.com/VLaunchCOM/status/1777312298421366939
08 Apr 2024, 16:28
πPalm Economy Community IDO Round Opensπ
Round 1 Guaranteed Round:
Starts: April 8th at 14:00PM UTC Time
Ends: April 9th at 13:59PM UTC Time
Round 2 FCFS Round:
Starts: April 9th at 14:30PM UTC Time
Ends: April 10th at 02:30AM UTC Time
Community IDO Round Details π
Palm Economy Community IDO Round Opens. Round 1 Guaranteed Round:. Starts: April 8th at 14:00PM UTC Time.
πPalm Economy Community IDO Round Opensπ
Round 1 Guaranteed Round:
Starts: April 8th at 14:00PM UTC Time
Ends: April 9th at 13:59PM UTC Time
Round 2 FCFS Round:
Starts: April 9th at 14:30PM UTC Time
Ends: April 10th at 02:30AM UTC Time
Community IDO Round Details π
https://twitter.com/VLaunchCOM/status/1777312298421366939
08 Apr 2024, 16:25
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08 Apr 2024, 16:25
π’ Ambassador Program Town Hall Recap! π
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Ambassador Program Town Hall Recap. If you couldn't make it to our live Town Hall, no worries.
π’ Ambassador Program Town Hall Recap! π
If you couldnβt make it to our live Town Hall, no worries! Weβve uploaded the entire session for you to catch up on everything you missed. This is your chance to dive into the details of our Ambassador Program and find out how you can get involved with Rejuve.AI. Together, weβre on a mission to extend healthspan and democratize longevity. ππ‘
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08 Apr 2024, 16:25
π’ Ambassador Program Town Hall Recap! π
If you couldnβt make it to our live Town Hall, no worries! Weβve uploaded the entire session for you to catch up on everything you missed. This is your chance to dive into the details of our Ambassador Program and find out how you can get involved with Rejuve.AI. Together, weβre on a mission to extend healthspan and democratize longevity. ππ‘
π₯ Watch the session here:
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Ambassador Program Town Hall Recap. If you couldn't make it to our live Town Hall, no worries.
π’ Ambassador Program Town Hall Recap! π
If you couldnβt make it to our live Town Hall, no worries! Weβve uploaded the entire session for you to catch up on everything you missed. This is your chance to dive into the details of our Ambassador Program and find out how you can get involved with Rejuve.AI. Together, weβre on a mission to extend healthspan and democratize longevity. ππ‘
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08 Apr 2024, 16:24
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It's time to make your connections count with DexCheck! Here's a sneak peek at how it will work:
π« Bring a friend to DexCheck
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Official links:
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08 Apr 2024, 16:22
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To all zealy winners, we're pleased to inform you that the smart contract for reward distribution has been successfully establis
π To all zealy winners, we're pleased to inform you that the smart contract for reward distribution has been successfully established.
Distribution time is set for 11pm UTC, each transaction will be transparently recorded on the blockchain for complete transparency.
Congratulations to all our winners! As per our commitment, 60% of rewards will be distributed today, while the remaining 40% will be distributed in 30 days. π₯
Contract link: π
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08 Apr 2024, 16:19
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