Detail Analysis
Date:
Status:
Count:
Contributor:
November 30, 2020
Unverified
1
zerofriction.io
Loss Amount:
50,000,000
Recovered Amount:
-
Currency:
Dollars
KYC By:
Audit By:
None
None
Website:
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Ethereum
Staking
Contract Vulnerabilities
Extended Method:
Contract vulnerabilities
Data Sources:
DeFi asset mortgage platform Saffron Finance issued an announcement stating that Epoch 1 redemption errors caused by contract loopholes resulted in 50 million DAI deposits deposited by Epoch 1 being locked for 8 weeks. The team is currently working on an emergency fix to solve this problem and will transition to Epoch 2. Saffron Finance is a DeFi asset mortgage platform released by an anonymous team. The token is SFI, allowing liquidity providers to select customized risk exposures to obtain returns. In each cycle, users can choose different risk-return combinations (A, AA, S) on Saffron to provide liquidity. A cycle of 14 days (LP locks within 14 days). After the cycle ends, users can remove liquidity and obtain Interest and prorated SFI.
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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.