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Detail Analysis

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Date:

Status:

Count:

Contributor:

November 16, 2021

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Verified

1

zerofriction.io

Loss Amount:

-

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Recovered Amount:

-

Currency:

Dollars, veCRV

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Protocol

Poor Governance

Extended Method:

Governance exploit

Data Sources:

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Mochi Inu was a relatively new project in the DeFi space when one of its team members performed an attempted governance hack against Curve. The goal of this attack was to unfairly tilt rewards from Convex Finance, a yield farming protocol built on top of Curve, toward Mochi Inu.

The attempted attack by Mochi Inu was designed to exploit the design of the governance mechanism within Convex Finance. Curve has a token called voting escrow Curve (veCRV), which is a locked version of the CRV token. The veCRV token is designed to allow voting on governance matters within Curve, including the balance of how rewards are distributed to different projects within the protocol.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.