/biz/ - Business & Finance

>>23939399
how is the stablecoin vault getting hacked proof of anything regarding flashloans?

>>23939399
pretty sure this shit got exploited like 12 hours ago
https://twitter.com/emilianobonassi/status/1327716769969164292/photo/1

>>23939399
spoonfeed me here, I haven't at all kept up with Value since they took down the Link farming pool.

>>23939610
>>23939646
https://etherscan.io/tx/0x46a03488247425f845e444b9c10b52ba3c14927c687d38287c0faddc7471150a

>>23939641
>>23939681
Cope. Devs say it prevents flash loans so therefore it does. These devs are the best in the whole cryptocurrency division.

>>23939705
Well, your shitcoin crashed nearly 30% due to this exploit which stole over $5million in DAI from VALUE defi users.

>>23939745
Don’t believe everything you see on the net.

>>23939943
its on etherscan you dumb fucking cunt.

>>23939943
>>23941104

>>23939646
i need more info on this thing. my bags are painful. giv me hope ser

>>23941325
It’s over. Devs are amateurs.

>>23939745
>>23941104
go back...

>>23941325

What did you buy at? Its not looking good man I capitulated at 3.20. I think the devs mean well but as the other guy said they don't know what they are doing. They work hard but obviously can't see 2 steps into the future to see how their actions will affect the price. The inflation killed this project before it began and even when it ends it won't matter. Luckily I farmed and didn't buy. Its amazing anyone actually bought the token as it was a farming dream which means buyers are the APR for farmers.

>>23939399
do you really know flashloan?

>>23941981

savage lol

>gets hacked after nonstop dumping since launch
>bagholders that bought at $35 still defending it

lmao name a sadder project

ugh not this shit again

This was like the election. Value declares victory, and then in the early morning... BAM! The Devs are covering half as we speak, but TVL cut in half. Trust will not come back. Sad, project looked to have some legs. Devs are decent, they really are, but putting a lock on FaaS, where it's not really needed, but forgetting to enable it on a Vault where it is? Jeez! Blame the community for pushing the Devs, or blame the Devs for incompetency... TRUST is really difficult to get back. This thing is sadly-dead-token-walking.

Come to think of it? Devs are like Jameis Winston. TD 33 INT 30 Really good, and really bad at the same time. Sooooo much upside, but man... so many mistakes too.

>>23939610
>how is the stablecoin vault getting hacked
>vault getting hacked
Has it been hacked?

>>23939745
Ahhh nice so it possible to steal someone stake-farming with 1 token. Hmmm I should really get a scam like that going.

Still bullish for VALUE suck it anon

>>23939399
should have trusted a real project like squirrel.finance instead of these amateurs

>onchain insurance
>fully auto payout on farm failure

why bother with any shitcoin else

Injective Protocol as unique as it operates enables its users to gain access to trade on markets that cannot be found on other exchanges by just creating and trading in any market with the use of only Price Feed.

They've been hacked twice.

It's not normal to be so incompetent

>>23939745
>stole over $5million in DAI from VALUE defi users
Weren't those funds paid back to users?

>>23943862
no, and they won't ever. Team doesn't have the funds.

As long as the devs don't give up this will come back in a month or two. Crypto has a short memory for this type of thing.

>>23943882
>>23943862
>whoops instead of getting 40% apy you're getting -∞%, sorry!

I really don't get it. Either go for something totally degen that gives 1000%+ apy (for however short a time), or go for something super safe that gives a lame single digit apy like compound. Why do people risk their stablecoins for such returns? Almost none of these defi projects will last a year.

https://medium.com/@peckshield/value-defi-incident-root-cause-analysis-fbab71faf373

Oof
Their insurance fund is held in value btw so they will have to sell value to try to give back aome of what people lost. I think the devs are legit but this is still it for the project.

>>23943972
>>23944425
sorry, update, you got -72% in a week (may turn out to only be -52%)

unstaked and sold

>>23943652
>>onchain insurance
what does it mean ''on chain insurance''

>>23943972
compound is not safe

If this goes sub 1$ ill buy 100k worth.

>>23943972
>1000%+ apy
who