paraswap

ChainCatcher news, the cross-chain trading protocol ParaSwap has officially rebranded to Velora and launched a new governance token VLR to replace the original token PSP. With the launch of VLR, the functions of PSP in governance, staking, and rewards will cease immediately. The team stated that VLR will integrate into a single asset model, adopt a no Gas fee mechanism, and directly link rewards to protocol revenue through a unified staking center on Base, aiming for a more transparent and sustainable incentive model.PSP remains transferable and usable but will no longer receive official support. Users can migrate to VLR at a 1:1 ratio starting from September 16, with the migration window open for at least one year. Holders of PSP, sePSP 1, and sePSP 2 must complete the migration to continue participating in governance and rewards, with additional VLR rewards available for those who complete the migration by December 16. Velora claims to have processed over $125 billion in transaction volume, with a monthly trading volume exceeding $7 billion in August.

Сообщение ChainCatcher, согласно отчету Cointelegraph, криптовалютная биржа Bybit подтвердила, что она инициировала предложение, требующее от децентрализованного финансового (DeFi) протокола ParaSwap вернуть комиссии, возникшие при торговле цифровыми активами, украденными хакерской группировкой Lazarus с этой биржи.4 марта предложение было опубликовано на форуме децентрализованной автономной организации (DAO) ParaSwap, требуя заморозить и вернуть 44.67 wETH, стоимостью почти 100,000 долларов. Это предложение изначально вызвало сомнения, несколько членов DAO потребовали подтвердить источник предложения. 5 марта Bybit опубликовала пост с подтверждением на своем официальном аккаунте X, подтвердив, что предложение было инициировано ими.Это предложение о возврате средств вызвало оживленное обсуждение среди членов DAO. Исследователь DeFi и представитель ParaSwap DAO Игнас отметил, что получение прибыли от хакерской атаки создает "плохой имидж", и возврат средств продемонстрирует поддержку коллег по отрасли. Он добавил, что удержание этих средств может привлечь внимание регуляторов и юридические проблемы. Но он также предупредил, что возврат средств создаст опасный прецедент для DeFi: "Код — это закон. DAO законно зарабатывает комиссии через смарт-контракты. Если сейчас вернуть средства, что будет в будущем в аналогичных ситуациях? Это создаст опасный прецедент."Мнения членов ParaSwap DAO разделились, некоторые поддерживают условный возврат комиссий, в то время как другие голосуют против возврата. Член DAO SEED Gov предложил три возможных варианта действий: полный возврат, отказ от запроса или структурированный возврат, включая удержание 10% в качестве вознаграждения, что соответствует существующей программе вознаграждений за уязвимости Bybit.

ChainCatcher news, according to Cointelegraph, the decentralized exchange aggregator ParaSwap is launching an intent-based trading protocol aimed at mitigating the issue of MEV attacks, which result in millions of dollars in losses from crypto trading every day. The protocol allows users to define their trading "intent" instead of exposing the raw transaction to the mempool, aiming to address this issue by submitting the expected trade in three steps.Reportedly, the process begins with preprocessing, where the user's intent (such as price range) is defined, and then this intent is submitted to an auction, where AI agents compete to propose the most effective execution strategies while considering factors such as liquidity and timing. The winning agent executes the trade through the Portikus Swap module, adhering to the user's intent and minimizing the risk of MEV development.

ChainCatcher message, the re-staking project ether.fi officially stated that eEth native minting has now been integrated into the ParaSwap aggregator.

ChainCatcher news, according to Cointelegraph, the DEX aggregator ParaSwap community has voted to approve the proposal to "use treasury funds to compensate users for losses caused by the hacking incident."The ParaSwap Augustus v6 contract was temporarily launched on March 18, aiming to improve trading efficiency and reduce Gas fees. However, the contract contained a serious vulnerability that allowed hackers to steal funds from users who had approved the upgrade. Although rollback measures prevented a loss of $3.4 million in assets, approximately $864,000 in assets were lost in the process.

ChainCatcher news, the DEX aggregator ParaSwap announced on social media that it has submitted a comprehensive report to the relevant authorities, initiated an investigation into the stolen funds, and is collaborating with Chainalysis and TRMLabs to identify the hacker addresses and trace the flow of funds. Additionally, ParaSwap stated that it has contacted the identified hacker addresses through on-chain messages, urging them to return the stolen user funds.ParaSwap reminds users to use services like RevokeCash to revoke permissions for the Augustus V6 contract. If users do not revoke the relevant permissions, their funds remain at risk.

ChainCatcher news reports that, according to Cyvers Alerts monitoring, the attack on ParaSwap has resulted in a total loss of $123,500 on the Ethereum, Polygon, and Arbitrum chains.Earlier today, the DEX aggregator ParaSwap posted on the X platform stating that it had discovered a critical vulnerability affecting users authorized on the Augustus V6 contract. ParaSwap has suspended the V6 API and is conducting a white hat attack to ensure the safety of user funds. These funds are now securely held in a Safe wallet starting with 0x66E90 and will soon be returned to users.In addition, Cosine stated that the ParaSwap risk fund has been rescued by white hats, resulting in minimal losses.

ChainCatcher message, SlowMist YuXian posted on platform X reminding: Users of the DEX protocol ParaSwap need to pay attention to revoke the fund authorization for the following address (multi-chain): 0x00000000FdAC7708D0D360BDDc1bc7d097F47439. The related risk funds have been rescued by white hats, and the loss is minimal.Previously, the DEX aggregator ParaSwap posted on platform X stating that it discovered a critical vulnerability affecting users authorized to the Augustus V6 contract. ParaSwap has suspended the V6 API and conducted a white hat attack to ensure the safety of user funds. These funds are now safely stored in a Safe wallet starting with 0x66E90 and will be returned to users soon.In addition, users must revoke permissions for the Augustus V6 contract. Currently, 4 addresses are affected, with a total loss of $24,000.

ChainCatcher message, the DEX aggregator ParaSwap announced on platform X that it has discovered a critical vulnerability affecting users authorized by the Augustus V6 contract. ParaSwap has suspended the V6 API and conducted a white hat attack to ensure the safety of user funds. These funds are now securely stored in a Safe wallet starting with 0x66E90 and will be returned to users shortly.Additionally, users must revoke permissions for the Augustus V6 contract. Currently, 4 addresses are affected, with a total loss of $24,000.

ChainCatcher news, the DEX aggregator ParaSwap announced its launch on the Base network, with integrated DEX and liquidity protocols on Base including Aerodrome, Maverick Protocol, Balancer, SushiSwap, WOOFi, PancakeSwap, and Equalizer.

ChainCatcher news, the DEX aggregator launched by the on-chain data analysis website DefiLlama has reached a cumulative trading volume of $5 billion, with 63,280 unique users making a total of 410,200 swaps through the aggregator. Nearly 80% of the trading volume comes from Ethereum, while Arbitrum accounts for 10% but has the highest trading frequency.Currently, about 3,000 people participate in trading every day, with 1inch, 0x, and Paraswap being the three largest aggregators by trading volume. March 11 was the day with the highest trading volume, reaching $600 million.Additionally, DefiLlama stated that the next steps involve preparing licenses, integrating the Gnosis chain, and transaction history, and hinted at a possible airdrop for DeFiLlama contributors and users. (source link)

ChainCatcher news, according to SlowMist intelligence, one of the hacker addresses (0xf358..7036) has gained access to the private key permissions of ParaSwap Deployer and QANplatform Deployer. The hacker obtained approximately $1,000 from the ParaSwap Deployer address and conducted deposit and withdrawal tests at the QANplatform Deployer address.After analyzing 0xf358..7036, SlowMist MistTrack discovered that the hacker also stole funds from The SolaVerse Deployer and several other premium addresses. As of now, the hacker has received over $170,000 in funds, which have not been further transferred. The address traces include Uniswap V3, Curve, Trader Joe, PancakeSwap, OpenSea, and Matcha. SlowMist MistTrack will continue to monitor the hacker address and analyze related traces.

ChainCatcher news, the DEX aggregator ParaSwap tweeted in response to the private key leak issue of the contract deployment address, stating that they are investigating the matter, but the address has had no permissions since the contract was deployed.Previously, the security team Supremacy stated on Twitter that the private key of the Paraswap deployer is suspected to be leaked, and the multi-signature treasury may be at risk. (Source link)

ChainCatcher news, the security team Supremacy stated on Twitter that the wallet address of the DEX aggregator Paraswap deployer initiated abnormal transactions across multiple chains (ETH, BSC, FTM), transferring the entire balance from its address to 0xf35875a064cdbc29d7174f5c699f1ebeaa407036. This address is linked to a Profanity exploit user, with a history of stealing assets from multiple vanity address accounts.It is reported that ParaSwap is an on-chain aggregator exchange that not only builds its own ParaSwapPool exchange pool but also aggregates protocols such as Kyber, Bancor, Uniswap, Oasis, Curve, and 0x. Currently, only the deployer's own assets have been stolen, and it does not affect the Paraswap multi-signature treasury (with a signature threshold of 2), but there may still be risks. (Source link)

Chain Catcher news, the DeFi social trading platform Nested Finance announced its follow-up plans on Twitter, including integrating ParaSwap to provide better trading prices; integrating Ledger plugins and supporting Ledger Live; allowing deposits through Mt Pelerin with an annual limit of $100,000 without KYC; integrating with Magic to enable login via Twitter accounts; and launching on Arbitrum. (Source link)