Search results for "LEND"

Solar launches Kamino writing bounty tasks

Solana Wallet Kamino has launched a writing bounty task, introducing Kamino stablecoin investment strategies, and a $3000 USD prize pool is available. The deadline is February 10th. In addition, Kamino Lend V2 will introduce modular lending and leverage, improve Risk Management, and provide functions such as automatic unstaking, target leverage, and stop loss/take profit.
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Odaily Planet Daily News According to CertiK monitoring, various types of attacks in the encryption field this week have caused a total of more than 30 million US dollars in assets to be stolen. This has brought the total losses since early June to about 85 million US dollars. It is worth noting that the dual attack on the UwU Lend protocol resulted in a total loss of more than 22 million US dollars. In mid-June, the number of security incidents (exploitation of vulnerabilities and exit scams) with losses exceeding $1 million has significantly increased.
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HopeLend initiates the full refund process. Users are required to fill out the form for reimbursement within 3 months.

HopeLend has initiated a full compensation process. According to the currency-based Settlement, affected users do not need to take any action. They only need to fill out the repayment application form and verify the Address for transfer. The deadline for filling out the form is within 3 months, and the protocol will be closed after the compensation is completed.
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$CGPU soars 116% after launching Lend a GPU Node

Gate.io News: The price of $CGPU, the native token of Chain GPU, has increased by 116% in the last 24 hours after the project team launched Lend a GPU Node, a program that enables GPU owners earn income from their idle hardware, increasing access to robust computing resources.$CGPU currently trades around $18.70 (CGPU/USDT), with a market capitalization of $15.87M, and a 24-hour trading volume of $266.00K according to Gate.io trading chart.
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UwU Lend: Bad debt of 4 million CRV, about $1.2 million, has been repaid.

PANews reported on August 5 that Decentralized Finance lending protocolUwU Lend announced the repayment of 4 million CRV (approximately $1.2 million) in bad debts. Since the incident on June 10, 2024, a total of approximately $18,453,580 in debt has been repaid.
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Loan protocol UwU Lend: a total of 11.6 million US dollars in bad debts has now been repaid

On July 1, UwU Lend, a lending protocol, tweeted that it has once again repaid 2 million CRV, 100,000 bLUSD, and 125,000 USDT in bad debts. Since the incident on June 10 this year, a total of approximately 1160 has been repaid.
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Odaily Planet Daily According to the monitoring of the Shield, the attacker's address of UwU Lend has transferred about 1,000 ETH (worth about $3.66 million) to Tornado Cash.
Odaily Planet Daily News According to the monitoring and analysis of Shield, the fundamental reason for the $19.4 million loss caused by the hacker attack on UwU Lend today is the problem with the price Oracle Machine. Specifically, the pricing of sUSDe assets comes from the median of multiple sources. Five of them, namely FRAXUSDe, USDeUSDC, USDeDAI, USDecrvUSD, and GHOUSDe, were manipulated during the hacker attack.
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PANews June 10th news, according to Beosin Trace monitoring, the attacker of UwU Lend has exchanged all the stolen funds for ETH, and sent about 5293 ETH to two addresses for storage. According to previous reports, the DeFi lending protocol UwU Lend has been attacked multiple times by hackers using flash loans, resulting in a loss of $19.3 million.
According to on-chain analysis platform Arkham on X platform, there may be vulnerabilities in the DeFi lending protocol UwU Lend, and currently, $19.30 million funds have been withdrawn from the protocol.

Kamino Lend introduces the new Jito market, composed solely of JitoSOL and SOL

Solana ecosystem Decentralized Finance protocol Kamino introduces Jito market to promote the development of JitoSOL. Users can use the Jito market in Kamino Lend and receive up to 8000 JTO incentives per week. JitoSOL accounts for over 43% of the SOL LST market, but only a small portion is deployed in Decentralized Finance. The Jito market provides low-risk income opportunities for JitoSOL holders. 90% of the LTV is allocated to JitoSOL.
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SUI TVL exceeded $1.1 billion, hitting a new high, while NAVI Protocol TVL increased by 22.56% on the 7th.

Sui TVL exceeded 1.1 billion US dollars, with NAVI Protocol, Scallop Lend and Suilend ranking top three in terms of ecosystem TVL, with 418.27 million US dollars, 220.17 million US dollars, and 192.74 million US dollars respectively.
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Kamino Lend will release V2 version, adopting modular design and improving liquidation mechanism

Solana lending protocol Kamino Lend has released V2, introducing automated lending and liquidation mechanisms, creating a yield layer for diversified assets and a joint market liquidity, while supporting isolated and mixed modes. In addition, V2 also adds automatic cancellation of stake and spot leveraged functions. It is expected to be officially released in the fourth quarter.
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Kava announced the launch of Kava Lend v2, bringing a brand new strategic upgrade

Odaily Star Daily News Kava announced the launch of Kava Lend v2. This upgrade will bring new features and partnerships, including deployment on EVM, integration with new partners and real-world assets (RWA), integration with Cosmos and USDC (Noble), opening up lending functions for WBTC and USDT assets, and launching the HARD reward program, to achieve a new strategic upgrade.
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Golden Finance reported that, after the attacker of UwU Lend failed to return the funds, the protocol is taking another step to find the hacker. According to the Input Data Message (IDM) on Ethereum, UwU Lend has set a bounty of 5 million USD worth of ETH for the 'first to identify and find' the exploiters, and added, 'No need to recover funds or expenses'. Previously, the protocol had discussed setting up a bounty directly with the exploiters. Attackers can keep 20% of what they steal, as long as they return 80%. If the exploiters comply, the protocol states that it will not pursue the matter further and will not involve law enforcement. The attacker must return the funds by 1 pm (Eastern Time) on Wednesday. However, in the message sent to the attacker on Thursday, UwU Lend wrote, 'The deadline for returning the funds you stole has passed.'
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PANews June 13th news, according to MetaTrust monitoring, DeFi lending protocol UwU Lend announced that it has temporarily suspended the protocol and is investigating the situation. MetaTrust analysis stated that hackers used the 60 million uSUSDE obtained in a previous hack as collateral to borrow assets, and the hackers still have 5 million uSUSDE. MetaTrust indicates that for UWU Lend, it is recommended to stop supporting SUSDE collateral, and for users, it is advised not to interact with the protocol before official action, or to withdraw assets as soon as possible. Earlier today, UwU Lend platform suffered a loss of up to $3,720,000, according to earlier reports.
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According to Lookonchain's monitoring, sifuvision.eth spent 300,000 USDT at a low price of $0.2184 to purchase 1.37 million CRV after a large-scale liquidation of CRV. Sifu is shorting CRV and currently has a debt of 15 million CRV ($4.04 million) on UwU Lend. Before being liquidated in CRV today, Sifu withdrew 6 million crvUSD from Curve LlamaLend, causing Michale Egorov's borrowing interest rate to rise.
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Odaily Planet Daily News UwU Lend announced in a post on X that all bad debts in the wETH market have been repaid, totaling 481.36 wETH (equivalent to 1,734,042 US dollars). Repaid to date: •3,522,427 DAI; •233,819 crvUSD; •422.5 million USDT; •481.36 wETH coins; Total 9,715,288 US dollars. Earlier news, UwU Lend lost 1940 million dollars due to a hacker attack.