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This edition is pretty big. So you may need some time for all tweets to load properly
Pool reentrancy exploit
Last few days were very dark for Curve. But before starting, it’s important to understand what happened and what are the real issues. We have seen a lot of things around, and a lot of FUD for things that were not relevant.
This also not about Curve, it’s about a specific version of Vyper
The FUD about Curve is disproportionated
If you want to learn more about it, especially on the “technical side” you should read the postmortem published by the Llama risk team
Even if everything seems to be under control now, Curve lost around 50% of it TVL. This TVL may come back quickly. Let’s see
Amazing community
Let’s be honest, Curve is a central part of DeFi. And even if some people may be happy to see a big dump on the $CRV. Or even wish the end of Curve, this would have been a terrible new for the DeFi we are currently enjoying.
As usual, it was amazing to see how devs worked together to mitigate the exploit ASAP. Devs from Curve but also from other projects.
A nice summary about the situation
Micheal also sold a lot of his $CRV to safe his positions
But he also created a brand-new pool to help in this situation
It’s amazing to see that there are still some nice people in the ecosystem
ETH from second hack on the $CRV / $ETH pool sent back to Curve deployer
A dashboard was also created to track the exploiter
Curve and $CRV elsewhere
With this bad news, you all noticed that the price of $CRV dump, but it’s also the case for CRV wrappers. But the rebound is currently very nice.
Some people and projects see it as a food opportunity to buy the dip
Let’s hope this will still be the case
Follow this chad and do the same !
crvUSD
crvUSD stayed strong !
From the community
Also sharing this one because I found it very true !
Strong together
Nice thread
Nice read
If you understand thermodynamic