Rari Capital Reports Exploit in ETH Pool; $15M Taken
Rari Capital announced there was an exploit in the Rari Capital ETH Pool related to its Alpha Finance Lab integration. In response, the rebalancer has removed all funds from Alpha.
There has been an exploit in the Rari Capital ETH Pool related to our @AlphaFinanceLab integration.
— Rari Capital DAO (@RariCapital) May 8, 2021
The rebalancer has removed all funds from Alpha in response.
We are currently investigating the situation and a full report will be shared once everything is assessed.
- According to Etherscan, $15 million worth of ether was taken.
- The price of the Rari Governance Token (RGT) fell more than 50%, from $17 to $8, before rebounding. It's currently trading at about $12.01.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
