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DeFinitely 95 - The News in DeFi

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the news in rekt

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DeFi Top Stories


  • WICCA.money WICCA.money✨Wealth belongs to ones who worship the moon 🌕TLDR is at the endHave you ever heard of the magic spell Abracadabra? Wicca.money enhances it to be a more efficient and more accessible spell with the power of our moon. With Wicca, users could instead use the aUST as collateral to take loans on Grimoire to mint WIW tokens (Wicked Internet Wealth)— a stable coin. ✨Wicca magic also comes with risks, leverage with care!✨What problems does Wicca.money solve upon the famous spell? Why can’t everyone become more wealthy through this magical strategy?

  • METER - REKT Hundred Finance lost $3.3M due to their reliance on the Meter bridge. You mention you are working with Meter towards a possible resolution - could you provide any more details? We used Meter as they were the main source of wrapped BTC on Moonriver, this combined with the native bridge and Multichain puts us at 3 bridges on that chain which is the maximum we would use. Meter have of course accepted responsibility for this hack and are intending to use their native token for reimbursement to the extent that they can, currently we are in the gathering addresses and amounts stage. Meter claim to have some evidence as to the identity of the hacker, and have stated they are working with authorities to bring justice.

  • Introduction to Mystiko.Network: The Base Layer of Web3 Introduction to Mystiko.Network: The Base Layer of Web3Mystiko.Network is the base layer of web3 that provides both connectivity and confidentiality to all blockchain data, transactions and applications. Mystiko.Network cross chain privacy protocol has an easy-to-plug-in feature that can be integrated into almost all major inter-chain bridges in the web3 ecosystem. Single chain private transaction solutions are available but user experience is hardly pleasant: Single chain coin mixing solutions are already experimented in the market, e.g. Yet, with Mystiko.Network, user experience is on the single-click level to conduct cross chain private transactions, making it an easy and convenient base feature for web3. The ability to integrate with all blockchains by Mystiko Protocol enables Mystiko.Network the omni-connectivity to all web3 infrastructures, thus making Mystiko.Network the base layer of web3.


  • Superfluid 08/02/22 Exploit Post-Mortem 08/02/22 Exploit Post-MortemOn February 8, 2022, an attacker exploited Superfluid’s host contract by passing in faulty calldata, which allowed them to create distribution indexes spoofing several different accounts that held Super-tokens. 8:35 am UTC - the community was notified of the exploit and asked to not interact with the Superfluid protocol. Vulnerability ExplanationSuperfluid.sol, known as the host contract, is the contract that allows composable Superfluid agreements (ConstantFlowAgreement, InstantDistributionAgreement) in one single transaction, and the composed systems are often called Super Apps. NOTE: - msg.sender must be the expected host contract. In order to solve this, we added a verification step in the agreement contract: ISuperfluid.isCtxValid.

https://twitter.com/odin_free/status/1489886531988897793

https://twitter.com/BurntFinance/status/1490718596078702599

https://twitter.com/DiscoverXnft/status/1491149670026190848

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