New update on #AlphaHomora: we have paused issuing new debts to the WETH-DPI farming pool in response to a potential security issue brought to us by @samczsun. You will still be able to farm with 1x leverage on WETH-DPI as well as on leverage on other Uniswap pools.
There has not been an attack. No funds are at risk, and we take security very seriously. The attack would have required the attacker to put up a lot of capital and cannot be done using flash loans.
While it is low-likelihood, we’ve decided to be on the safer side and disable issuing new debts on the WETH-DPI pool until further notice.
Security is our number one priority and we will continue to work with auditors to make sure everything is #SAFU. Other pools are safe due to their deep liquidity. We will publish a detailed explanation of the exploit method and mitigation plan soon.
On a side note, congratulations @samczsun on joining @paradigm! We've never been more impressed with such a swift and professional #ethereum security analysis. It's our pleasure to be working with you.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
1⃣ Earn trading fees APY (higher APY from leverage)
2⃣ Earn $ALPHA (when >1x leverage)
3⃣ Optimized and automated leveraged yield farming/liquidity providing process for users including being able to borrow both ETH and SNX, ETH and sUSD!
1/21 Given the recent launch of #AlphaHomoraV2, we’d like to take this opportunity to educate our users again on
👉 how Alpha Homora works and
👉 how you should use it to maximize your gains
Must read for all yield farmers out there
2/21 General rule of thumb before we dive in:
As with any #DeFi product, DeFi users should do research, understand the products, and read the information displayed on the application before confirming any transaction.
3/21 What do you need to know to leveraged yield farm on #AlphaHomoraV2?
Alpha Homora V2 is a leveraged yield farming product that integrates with 4 AMM protocols.
This means the product adds leveraged functionality to the supported LP pools on the underlying AMM protocol.