1/ Here's a short update on the Maiar DEX.
Itβs been a few super long and intense days, but we're now close to solving the issue. π οΈ
Where are we, what's happening?
Itβs been a few super long and intense days, but we're now close to solving the issue. π οΈ
Where are we, what's happening?
2/ First things first.
All funds are safe.
We've just discovered a tricky bug on the virtual liquidity calculations, creating a mismatch between actual liquidity in the farming pools and calculated liquidity, and hence an mistach of respective APRs.
All funds are safe.
We've just discovered a tricky bug on the virtual liquidity calculations, creating a mismatch between actual liquidity in the farming pools and calculated liquidity, and hence an mistach of respective APRs.
3/ Most important fact to underscore is that in the grand scheme of things, the only way to ensure you're alive, and can continue to push for improving things, is having the utmost emphasis and respect for security.
4/ This is especially true when product complexity is off the scale, as w/ the Maiar DEX.
It's why we're treating issues with utmost attention and care.
Why we've taken very prompt safety precautions.
Why we've isolated the issue, and are proceeding with testing the solution.
It's why we're treating issues with utmost attention and care.
Why we've taken very prompt safety precautions.
Why we've isolated the issue, and are proceeding with testing the solution.
5/ Security is of primary importance, so what's the next step?
We intend to heavily test a solution during the next few hours, and will offer a new update in 8-10h.
If the solution works, and heavy testing confirms it, the Maiar DEX will resume tomorrow.
We intend to heavily test a solution during the next few hours, and will offer a new update in 8-10h.
If the solution works, and heavy testing confirms it, the Maiar DEX will resume tomorrow.
6/ In the meantime, a new Maiar DEX version w/ fix implemented will be deployed on the testnet in the next ~3h, to be heavily tested during the day, internally and with the community.
With testing validating proper functioning, the Maiar DEX will be ready to go live again.
With testing validating proper functioning, the Maiar DEX will be ready to go live again.
7/ Many people have discovered DeFi and farming for the first time via the Maiar DEX.
We understand the security and functionality of it is of greatest importance for the Elrond ecosystem, and are pushing hard to find the optimal solution.
Thank you for your continuous support!
We understand the security and functionality of it is of greatest importance for the Elrond ecosystem, and are pushing hard to find the optimal solution.
Thank you for your continuous support!
β’ β’ β’
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