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MUON - A 🧵
A quick review on Muon and its relation to #DEUS @DeusDao; more reasons to acknowledge the magnitude of this project and how far it goes . $MUON . Was one of the pillars of $DEUS $DEI. It is important to know who is the team behind such an important tool (oracle).
A quick review on Muon and its relation to #DEUS @DeusDao; more reasons to acknowledge the magnitude of this project and how far it goes . $MUON . Was one of the pillars of $DEUS $DEI. It is important to know who is the team behind such an important tool (oracle).
Deus Finance has confirmed an exploit involving the manipulation of its oracle, Muon when the protocol suffered the“hack” . This wasn’t due to a “bad” oracle; this is a newer better technology that was abused by malignant users. @muon_net and @DeusFinance keep growing together.
@muon_net bridges different blockchains and ORACLES, connects all applications on all chains with the off-chain world. MUON fills the gaps between different networks through a sonar-like system of decentralized autonomous nodes, which can speak and understand any language.
Keypoints:
1. 95% of the problem right now is the L1 Bribes & Fees, it needs to be fixed to not let people game the system.
2. The rest of the problems are technical and less relevant
#Solidly #DEUS @lafachief
🧵
(1/x)
1. 95% of the problem right now is the L1 Bribes & Fees, it needs to be fixed to not let people game the system.
2. The rest of the problems are technical and less relevant
#Solidly #DEUS @lafachief
🧵
(1/x)
to the public e.g enough gas for transactions to stop failing.
3. Solidly goal is to have 30bil Volumes.
4. Solidly & Solidex contact are immutable. While 0xDAO contract is upgradable.
5. To fix the bugs, the only way is to fork Solidly contract and fix them. Solidly+
(2/x)
3. Solidly goal is to have 30bil Volumes.
4. Solidly & Solidex contact are immutable. While 0xDAO contract is upgradable.
5. To fix the bugs, the only way is to fork Solidly contract and fix them. Solidly+
(2/x)
6. All tokens will be migrated. Possibly with the snapshot. The main goal is to have a smooth transition and no value lost in between.
7. 0xDAO is easy to migrate because their contract is upgradable. But not sure about Solidex. They are coming up with their plan.
(3/x)
7. 0xDAO is easy to migrate because their contract is upgradable. But not sure about Solidex. They are coming up with their plan.
(3/x)
