To win more than $ 140 million of tokens-Defi
To win more than $ 140 million of tokens-Defi
Compound, one of the most important cryptocurrency credit protocols on Ethereum, is again facing serious problems. According to Banteg, a developer of Yearn, someone called on a function that made more money available to the users. Now users can do up to $ 140 million of the native currency of the protocol, comp. Compound hopes that users do not claim these tokens and collect to fix the error that caused this problem at all.
Connection remains susceptible to exploitation
Compound, a decentralized financial protocol, worsened his current situation in A function called up in which more funds could be claimed. The function called Drip sent more than 200,000 Comp (the native token of Compound) to the compatroller contract, the component that was affected by an error last week, and made it possible to use unusually high compensation quantities.
according to for Banteg, developer of another leading defi protocols, Yearn, this was the "best-blown secret in defi". The DRIP function shifts funds between the token's "Cold Wallet" contract-which manages the reservoir-to the compatroller to be distributed among the users. The developer also explained that five different addresses could deduct $ 45 million of these tokens, which would have a very disadvantage on the price of the asset.
leshner recognizes problems
Robert Leshner, founder of Compound Labs, quickly recognized the problem. He stated that this function was not called up for weeks and that he The error must be patched before new money could be endangered. Due to the Governance properties of Compound, the error introduced last week is still waiting for the approval of new suggestions to apply a patch for correction.
Leshner, however, was optimistic about the future of the protocol and explained:
I am optimistic about the patches that find their way through the governance process that fix the distribution, and the community members who work to fix this error.
The community calls for changes in the administration and approval of these governance suggestions. A user in Twitter suggested a new governance proposal to quickly fix errors and to be treated as an emergency updates. This new event that endangers more token has apparently affected Comp-price from 340 to 317 US-Dollar.
What do you think of the problems of compound and your governance model? Tell us in the comment area below.
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