Today in DeFi - Warp Exploited, Compound Chain, And More

Dec 18, 2020

Warp Finance Exploited

1/ Approximately 2 hours ago, warp.finance was exploited with a complex flash loan attack which allowed the user to borrow more than their collateral value resulting in a loss of stablecoin lender funds.

warp.financewarp.finance

Warp Finance, a lending platform focused on LP tokens, has just been exploited for $7.7M of stablecoins. The team has been able to recover $5.5M in collateral and will use it to compensate affected users.

Some informal initial anlaysis of the attack can be found here.

Compound Chain Whitepaper

Compound Labs @compoundfinance

Today, we're excited to share the whitepaper for Compound Chain, a distributed ledger capable of transferring value & liquidity between peer ledgers. compound.cash

Compound Finance has announced it is working on Compound Chain, a cross-chain distributed ledger focused on its lending platform. It aims to connect “Polkadot, Solana, Optimism, Quorum, Celo, etc.”. Compound Chain will have its own token CASH.

The testnet is coming in Q1 2021 and you can read the whitepaper at compound.cash.

Tornado Token

🌪️ Tornado.cash 🌪️ @TornadoCash

tornado-cash.medium.comTornado.Cash Governance ProposalTornado.Cash has become the largest privacy solution on Ethereum today. Tornado.Cash has been fully autonomous and decentralized, but it’s static — it has no way to evolve. This is a proposal to…

Privacy Project Tornado Cash now has a token. TORN will be distributed as follows:

5% (500,000 TORN): Airdrop to early users of Tornado.Cash ETH pools
10% (1,000,000 TORN): Anonymity mining for Tornado.Cash ETH pools, distributed linearly over 1 year
55% (5,500,000 TORN): DAO treasury, will be unlocked linearly over 5 years with 3 month cliff
30% (3,000,000 TORN): Founding developers and early supporters, will be unlocked linearly over 3 years with 1 year cliff

Find out more in the Medium article

Zerion Mobile

Zerion 🏦 @zerion_io

BREAKING: Trade #DeFi assets on mobile with Zerion 🚀 🔐 Connect your favorite wallet 💸 Trade tokens, LP shares & vaults in a single transaction 📈 Track P&L, average cost & fees paid 🎁 Set push notifications Happy ATH: 🍎 go.zerion.io/iOS 🤖 go.zerion.io/Android

DeFi Dashboard Zerion now has a mobile app. check it out above.

Follow @todayindefi to keep up with the latest DeFi news on Twitter.

Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned