Finance Geek πŸ¦‡πŸ”Š Profile picture
Middle IQ Investor, always sandwiched in the bell curve.
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Jun 30, 2021 β€’ 5 tweets β€’ 2 min read
github.com/yearn/yearn-se… Yearn's yvDAI vault Compound strategy had a vulnerability. "In the event of a successful exploit, an attacker would have been able to liquidate an affected strategy's entire debt position on Compound and potentially capture liquidation fees." Fixed within 3 hours of disclosure of _xyzaudits_. This hero saved a lot of money today. IIRC compound liquidation penalty is about 5%? So the total amount at risk was about $15m? Not sure if I did my math correctly. @iearnfinance $YFI
Jun 17, 2021 β€’ 19 tweets β€’ 7 min read
People have been asking me all day if Titan (aka @IronFinance) was a rug. Did the team steal the money?

Here is an ELI5 explanation (While skipping some unnecessary details): $IRON $TITAN @IronFinance

1/22 Image Let’s explain @IronFinance. It is a fork of @fraxfinance. IRON is a currency with the following rules: You can exchange $0.75 $USDC and $0.25 worth of $TITAN for 1 $IRON. The $USDC is sent to a vault and the $TITAN is burnt out of existence. Simple.

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