On Wednesday, 28th of February, Seneca's Chamber contracts, previously audited by Halborn Security, were affected by a bug approval and users' funds were compromised. In the attack, Seneca’s Chamber.sol contract was implicated. The attacker exploited Chamber's performOperations() function, allowing calls to functions in other contracts, and directed a call to .transferFrom(), using the Chamber contracts to send tokens to their address.

In order to ensure maximum safety and transparency for Seneca's ecosystem, steps have been taken and will further take place for the protocol infrastructure.

Seneca’s features solve each of the key problems of cost, risk and inflexibility that plague the current generation of DeFi lending protocols.

Seneca is a Collateralized Debt Position protocol that allows users to use Yield-Bearing Assets (YBAs) as collateral for borrowing senUSD, which is Seneca’s native stablecoin.

Newton’s Third Law of Motion says that for every action, there’s an equal and opposite reaction. And while Newton wasn’t an expert on DeFi, his law holds true in today’s deceptively busy industry.

Dear Seneca Citizens, Seneca is on a mission to bring leverage to the masses by providing the first platform for leveraging a variety of Liquid Staking Derivatives (LSDs). LSDs are...

Dear Citizens,