DeFi Development Studio
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The deployment of Blend V2.1 is separate from the remediation effort.
More information regarding the remediation effort will follow soon.
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Blend V2.1 uses the same audited Blend V2 contracts.
The only change is switching to Comet V1.1 as the new backstop token.
Comet V1.1 introduces these changes:
- Fix the swap accounting bug detailed in nitter.siddz.com/script3official/status…
- Remove gulp to prevent accounting mistakes from being exploitable
- Fix minor rounding issues which were not exploitable, to improve accuracy
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Blend V2.1 is live! 🧪
This is possible with help from the team at Zenith Protocols(@ZenithProtocols).
Check it out on mainnet.blend.capital
Blend V2.1 is a fork of Blend V2 with an updated Comet V1.1 AMM as the backstop token. Put simply, Blend V2.1 brings back a functional backstop. Blend V2.1 will not earn emissions unless an emissions migration occurs.
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Check-in for those affected by the Comet BLND-USDC LP incident:
Remediation efforts are still ongoing. We are in contact with law enforcement and KuCoin.
Thank you for your patience as work toward a favorable outcome is sought.
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Script3 retweeted
Clarity: Blend backstops are comprised of Comet BLND-USDC LP shares, so backstop depositors are impacted.
More information willl be provided soon.
There is an ongoing incident with the BLND-USDC liquidity pool on Comet.
There is no issue with Blend contracts and funds deposited into Blend pools are not at risk.
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Script3 retweeted
There is an ongoing incident with the BLND-USDC liquidity pool on Comet.
There is no issue with Blend contracts and funds deposited into Blend pools are not at risk.
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