Middle IQ Investor, always sandwiched in the bell curve.
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
Letβs 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.