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TRX $0.3386 +1.15%
DOGE $0.0900 -1.27%
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BCH $257.86 -1.31%
LINK $12.48 -2.37%
HYPE $85.45 +0.30%
AAVE $129.18 -2.39%
SUI $0.8136 -1.84%
XLM $0.1874 -2.83%
ZEC $1,182.33 +2.90%

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

2022-11-01 14:21:20

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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