9 ms·
While looking into this, I also ran into the "DegenBox UST MiM strategy" which allegedly gave 100% returns (until it didn't), but atm I don't understand the mec
by pru567 4y ago
While looking into this, I also ran into the "DegenBox UST MiM strategy" which allegedly gave 100% returns (until it didn't), but atm I don't understand the mechanism; I think it will make an interesting addendum to the story for the intrepid reader/rabbit hole explorer.
- pru567 4y agoFurther addendum includes this attack; "As the LUNA price continued to plummet, the Chainlink price feed used by the protocols became inaccurate, allowing funds to be borrowed against vastly overpriced LUNA collateral." https://rekt.news/venus-blizz-rekt/ https://rekt.news/venus-blizz-rekt/