To the DeFi community,
This week, Polygon paid it’s maximum bug bounty, $2 million, to white hat hacker Gerhard Wagner after his revelation that up to $850 million was at risk using an exploit in the Polygon Plasma Bridge. The vulnerability has been patched, and the $2 million bounty appears to be the largest amount ever paid for such a service.
Congrats @g3rh4rdw4gn3r on earning a $2,000,000 bug bounty from @0xPolygon & saving close to a billion of Polygon users’ funds. Here is his detailed writeup https://t.co/iK7spsYx3L
— Bernhard Mueller (@muellerberndt) October 21, 2021
Jupiter Exchange launched on Solana, the first AMM liquidity aggregator exchange in the Solana DeFi ecosystem. Jupiter will route swaps through the pools with the greatest liquidity across all major AMMs on Solana, reducing slippage for token exchanges and improving the UX for Solana users.
1/ Excited to share that @JupiterExchange, @solana‘s first on-chain swap aggregator, is now live at https://t.co/9cinFsrwxf!
Jupiter is also the first sister protocol our team will be launching as part of our efforts to grow a family of world class DeFi liquidity systems. 🔥 https://t.co/FoWq9wA2ni
— Mercurial Fi (@MercurialFi) October 13, 2021
Also in the Solana realm, Synchrony raised $4.2 million to develop its copy-trading protocol, led by Sanctor Capital, Wintermute Trading, and GBV Capital. Synchrony will allow users to follow investment strategies from throughout the Solana ecosystem. Synchrony will also collect and organize data on successful trading strategies, bringing improved market intelligence to the growing Solana DeFi scene.
Don’t sleep on @SynchronyFi
The Solana-Based DeFi protocol just raised $4.2M
The on-chain asset management protocol allows users to access a suite of tools that leverage analytics and indices to define unique parameters for trade execution 🔥🔥🔥https://t.co/Tu3V3cVhaJ
— LilMoonLambo (@LilMoonLambo) October 21, 2021
And SF-based…
