If you are an Ethereum user you are probably well aware of this, but we are getting closer and closer to the long-awaited Merge. Let’s dive in and see how this update will affect our protocol!
tl;dr: The Abracadabra team is confident that our protocol will continue operating on the new POS chain seamlessly and your user experience will remain unchanged. We recommend not interacting with Abracadabra on the POW chain to avoid replay attacks and oracle disruptions.
Avalanche Cauldrons Vulnerability and Post Mortem
Our team was made aware of a potential vulnerability affecting our cauldron contracts on Avalanche through our Immunefi Bug Bounty Program. Since our cauldrons contracts share a codebase with Sushi’s Kashi contracts, we have been working closely together with the Sushi dev team. We ran several tests together to confirm the vulnerability and structure a solution for both affected projects.
tl;dr At the time of writing this announcement, the collateral deposited in our Avalanche cauldrons have been fully secured, borrowing will be restarted in the next hours and no user funds have been lost. Thanks to the swift action from the Ava Labs team, this vulnerability is no longer exploitable, and our preventive measures will soon be reverted.
Below is the post-mortem of the incident, which outlines how our team handled the situation and the steps forward.
With the launch of our Degenbox, Abracadabra can now enhance the yield on interest-bearing collaterals! Let’s see how this applies to the Stargate Cauldrons, no matter what chain they are on!
Let’s dive into our Degenbox Strategy on Stargate Cauldrons, how it works and how our users can benefit from it! This article will be explaining how the process works for every single Stargate LP market. An example of these markets can be found here.
With the launch of our Degenbox, Abracadabra can now enhance the yield on interest-bearing and LP tokens collaterals! Let’s dive into the strategy for JLP tokens on Avalanche!
Please note: due to the migration of TraderJoe’s farm, this strategy is no longer active!
With the launch of our Degenbox, Abracadabra can now enhance the yield on interest-bearing collaterals on all the chains it is on! Let’s see how this applies to Binance Smart Chain with out $CAKE strategy!
Let’s dive into our Degenbox Strategy on BSC, how it works and how our users can benefit from it! Before starting, make sure to read how Abracadabra Lending Markets and Leveraged Positions work here.