Today was an unfortunate day for DeFi, as we learned that $BEAN a credit based stable coin was hacked.
17 Apr 2022, 17:35
Today was an unfortunate day for DeFi, as we learned that $BEAN a credit based stable coin was hacked.
Don-key’s Sponsered stable BUSD had 13% of total pool invested in BEAN3CRV.
Don-key sponsered pools disperses the funds amongst as many different platforms and protocols in order to mitigate the risk. The result of this is no user invested in the Sponsored BUSD pool will lose their entire stake, limiting losses to 13%.
V2 will offer increased oppptunity for risk mitigation through its wide variety of farm and protocols metric information.
Though Don-key is not responsible for the security of underlying farms, we love our community and are thinking of ways to help affected users earn back their funds as quickly as possible. Potential options will be shared soon.
Below are trx ID of the admin wallet of the BUSD sponsered pool making 3 investments in BEAN3CRV: