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BTC $63,134.75 +0.79%
ETH $1,748.79 -1.19%
BNB $599.01 -1.38%
XRP $1.14 -2.27%
SOL $68.16 -1.62%
TRX $0.3272 -1.05%
DOGE $0.0875 -2.09%
ADA $0.1724 -12.22%
BCH $243.69 +2.92%
LINK $7.92 -2.25%
HYPE $64.48 -12.18%
AAVE $70.47 -2.41%
SUI $0.7590 -4.94%
XLM $0.1993 -2.61%
ZEC $428.47 -30.16%

There is suspected serious sandwich attack in DODO's USDT/DAI liquidity pool

2022-11-01 14:21:20
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ChainCatcher news, Balancer DAO's technical lead Mike B tweeted that there have been some serious sandwich attacks in the USDT/DAI liquidity pool of the decentralized trading platform DODO. The pool has a liquidity of less than $10 million, while the daily trading volume reaches between $50 million and $100 million, due to MEV (Maximum Extractable Value). "Worse yet, when users load DODO in a new browser, the default slippage is set to 3%, instead of being automatically set to a more appropriate 0.1%."

At the end of the tweet, Mike B suggested to Dodo: the official should add fees to the trades in the pool, which could significantly reduce the number of trades. Additionally, the default slippage should be changed; non-stableswap trades should not default to 3%. (source link)

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