What'up on Curve ? #143 - Cryptouf

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This edition is pretty big. So you may need some time for all tweets to load properly

Pool reentrancy exploit

Last few days were very dark for Curve. But before starting, it’s important to understand what happened and what are the real issues. We have seen a lot of things around, and a lot of FUD for things that were not relevant.

https://twitter.com/CurveFinance/status/1685925429041917952

This also not about Curve, it’s about a specific version of Vyper

https://twitter.com/eth_call/status/1685847221713907712

The FUD about Curve is disproportionated

https://twitter.com/cryptohuntz/status/1685698751225380865

If you want to learn more about it, especially on the “technical side” you should read the postmortem published by the Llama risk team

https://twitter.com/LlamaRisk/status/1686087645284429824

Even if everything seems to be under control now, Curve lost around 50% of it TVL. This TVL may come back quickly. Let’s see

https://twitter.com/DeFi_Made_Here/status/1685916190571397121

Amazing community

Let’s be honest, Curve is a central part of DeFi. And even if some people may be happy to see a big dump on the $CRV. Or even wish the end of Curve, this would have been a terrible new for the DeFi we are currently enjoying.

https://twitter.com/justinsuntron/status/1685880662480588800

As usual, it was amazing to see how devs worked together to mitigate the exploit ASAP. Devs from Curve but also from other projects.

A nice summary about the situation

https://twitter.com/Delphi_Digital/status/1686187959303708672

Micheal also sold a lot of his $CRV to safe his positions

https://twitter.com/lookonchain/status/1686331352483082240

https://twitter.com/OuroborosCap8/status/1686290342860222464

https://twitter.com/ILikePool2/status/1686264057148395521

https://twitter.com/ivangbi_/status/1686263567975063552

But he also created a brand-new pool to help in this situation

https://twitter.com/FlywheelDeFi/status/1686153189547225088

It’s amazing to see that there are still some nice people in the ecosystem
ETH from second hack on the $CRV / $ETH pool sent back to Curve deployer

https://twitter.com/bantg/status/1685804399082270720

A dashboard was also created to track the exploiter

https://twitter.com/tomwanhh/status/1685861212712525824