dforce

ChainCatcher news, dForce founder Mindao expressed his views on the event "Can Aave obtain 7% of the total supply of WLFI tokens?" He stated that Aave's previous collaboration with Spark resulted in a 10% revenue share. In comparison, the terms of Aave's collaboration with WLFI, which include "20% revenue share + 7% token allocation," are clearly too generous and do not align with the deal terms the Trump family would be willing to accept.The WLFI project is backed by the Trump brand, and with the upcoming new U.S. crypto policies, WLFI's issuance at $1 allows its narrative to shift directly from "crypto bank" to a combination of "Aave + Circle," significantly increasing its valuation.Aave founder Stani.eth publicly retweeted the view that "at the current price, the Aave treasury will receive WLFI worth $2.5 billion, making it one of the biggest winners in this cycle," calling it the art of the deal. Subsequently, AAVE surged to reach $385.Mindao stated that some users consider the WLFI token allocation as Aave's intrinsic value, which is an inaccurate judgment. Neither party's proposal mentioned that WLFI would allocate tokens to the Aave treasury; the allocation is primarily intended for liquidity mining incentives, and AAVE token holders will not directly receive any allocation.The expected subsequent development of the event is that WLFI will completely abandon Aave and prompt the contract to naturally become void, or significantly reduce the WLFI token distribution share, using the allocation to incentivize $1 borrowing minting as a subsidy for targeted stablecoin minting operations.

ChainCatcher news, dForce founder Mindao discussed on his social platform whether Solana will disrupt Ethereum. Mindao stated that SOL now resembles the glory of the Ethereum ICO era in 2017. SOL has also experienced a significant turnaround (the collapse of FTX is SOL's The DAO event), and it has truly established a self-circulating investment system, becoming the third to build a strong OG investment ecosystem after Bitcoin and Ethereum.The difference is that Ethereum's ICO was a large-scale infrastructure movement for Ethereum, and the core DeFi infrastructure we use now basically emerged from the ICO era. In contrast, SOL's meme trading is a highly commoditized track, lacking a moat, and will quickly spill over to other chains; it cannot provide financing for SOL's infrastructure (even the pump fees do not flow back to SOL).Mindao finally expressed that he has never worried about Ethereum's performance being inferior to other rising stars, but if one day it becomes uncool, un-geeky, and detached, that would be truly concerning. Therefore, he does not believe SOL will flip ETH, as Ethereum is still quite cool right now.

ChainCatcher news, according to official sources, dForce has announced the launch of the yield-bearing decentralized stablecoin sUSX, which is a savings version of USX that can be minted and redeemed on all available blockchains.It is reported that sUSX allows users to mint and start earning native yields on supported chains, with yields synchronized across all chains.

ChainCatcher news, dForce founder Yang Mindao tweeted that Mt. Gox will unlock 200,000 bitcoins in the next two months to pay creditors, and the PayPal fiat channel has already started payments.In addition, the Bitcoin halving expected in April 2024 will reduce the annual supply by 160,000 coins.

ChainCatcher news, dForce announced the launch of the "dForce Grants Program" (DGP), which aims to inspire innovation within the dForce community. A pilot program will first run for two quarters, offering a budget of up to $50,000 in DF tokens.In addition, with dForce recently receiving STIP funding from the Arbitrum ecosystem, growth will be further stimulated by launching a parallel initiative lasting 60 days, which includes public funding paid in ARB tokens to incentivize the integration of the protocol with the arbitration network of USX and/or Unitus.

ChainCatcher message, the lending protocol dForce has officially renamed itself to Unitus. Users do not need to perform any migration operations, and existing lending positions can continue to be accessed and used at the new website unitus.finance.

ChainCatcher news, the DeFi protocol dForce announced that it will stop supporting BUSD on its lending protocol across all supported L1 and L2 chains based on the results of proposal DIP052.

ChainCatcher message, dForce founder Mindao stated that the issues exposed by the recent attack on the Curve protocol have been further amplified. The founder has collateralized nearly 50% of the circulating supply for real estate and other leverage, and it is now evident that there is insufficient liquidity to reduce leverage. The greatest negative impact on Curve is not the hacking incident, but rather these actions by the founder, the extremely high concentration of governance tokens, and various obvious operations, which can easily be defined as security tokens and market manipulation.

ChainCatcher news, DeFi protocol dForce announced the launch of its native modular DEX AMM testnet bug bounty program, offering up to 100,000 DF in rewards. (Source link)

ChainCatcher news, DeFi protocol dForce has released its 2023 roadmap, which includes the implementation of a multi-chain strategy; introducing AMM and enabling dForce AMM to support cross-chain trading and liquidity aggregation; introducing an isolation model, efficient model, and permissionless market for dForce Lending; optimizing the PCL module (structure, strategy, assets), etc. (source link)

ChainCatcher news, DeFi protocol dForce tweeted that the attacker has returned all stolen funds to the multi-signature addresses of projects on Arbitrum and Optimism. All affected users will be compensated, and the official details of the fund distribution will be announced in the coming days. Additionally, dForce has engaged in dialogue with the attacker, who has agreed to provide a bounty and will forgo all investigations and enforcement actions.Previously, dForce was hacked on February 10, resulting in a profit of approximately $3.65 million for the hacker, including 1,236.65 Ethereum and 719,437 UX on Arbitrum, as well as 1,037,492 USDC on Optimism. (source link)

ChainCatcher news, PeckShield tweeted that approximately $3.65 million of stolen funds is suspected to be returned to dForce.Previously, dForce was hacked on February 10, with the hackers profiting approximately $3.65 million, including 1,236.65 Ethereum and 719,437 UX on Arbitrum, as well as 1,037,492 USDC on Optimism. (source link)

ChainCatcher news, dForce officials stated on social media that the dForce project team has been collaborating around the clock with security companies and partners to track the traces left by the attacker's IP address and investigate the stolen funds.At the same time, dForce has filed a lawsuit with the relevant law enforcement agencies to pursue this case. If the attacker returns the stolen funds, the bounty program previously proposed by dForce will still be valid. The technical team is currently reviewing other Vaults and will restore normal operations after completing the security review in the coming days. (Source link)

ChainCatcher message, dForce announced that its wstETH/ETH Curve gauge on Arbitrum and Optimism was attacked a few hours ago. dForce immediately paused dForce Vaults and stated that other parts of the protocol were not attacked, and users' funds in dForce Lending are safe. dForce will soon release a detailed report and remediation measures. (source link)

ChainCatcher news, PeckShield tweeted that dForce was hacked, with the hacker profiting approximately $3.65 million, including 1,236.65 ETH on Arbitrum and 719,437 UX as well as 1,037,492 USDC on Optimism. PeckShield's preliminary analysis indicates that this attack is related to an oracle. (source link)

ChainCatcher message, the Shield community contributors discovered that dForce is suspected of experiencing a flash loan attack exceeding 1.7 million dollars. dForce officials stated that they are investigating and will announce news soon. (Source link)