Clicky

  • About
  • Coincu
  • Hot topics
  • Random
Friday, September 22, 2023
CoinCu News
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Casino Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
    • Best Web3 Cryptocurrencies
  • Video
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Casino Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
    • Best Web3 Cryptocurrencies
  • Video
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home News

Kyberswap Will Launch The Elastic Contract Upgrade At 4:00 PM Today

Harold by Harold
5 months ago
in News
Reading Time: 3 mins read
388
91
SHARES
3k
VIEWS
Share on Twitter

dYdX Integrated Squid To Effectively Transition To The Upcoming V4 Version

Market Overview (Sep 11 – Sep 17): BinanceUS, FTX, and Huobi in the Spotlight

Key Points:

  • KyberSwap will cease mining and mining incentives on April 18 at 4:00 p.m. UTC to install an improved Elastic smart contract.
  • All KyberSwap users’ initial prizes will be unaffected.
  • Kyber Network encourages users to withdraw their liquidity and receive mining incentives before April 18 at 4:00 p.m.
KyberSwap, a DEX aggregator and liquidity platform, announced on Twitter that mining and mining incentives would be suspended on April 18 at 4:00 p.m. UTC until an improved KyberSwap Elastic smart contract is deployed.
Kyberswap Will Launch The Elastic Contract Upgrade At 4:00 PM Today

All KyberSwap users’ initial prizes will be unaffected. Mining will resume when the new smart contract is launched. Kyber Network encourages users to withdraw their liquidity and receive mining incentives before April 18 at 4:00 p.m.

1/2
Notice of Temporary Halt of Farming Rewards:
We will be pausing farms and farming rewards from 18 April 2023, 11pm (GMT+7), while an upgraded KyberSwap Elastic Smart Contract is being deployed.

All existing rewards that KyberSwap users have earned are not affected. https://t.co/IH7FK6oi1g

— Kyber Network (@KyberNetwork) April 17, 2023

Any liquidity that has not been taken by then will be handled as an emergency withdrawal and restored to LP’s original wallet. Unclaimed mining awards, on the other hand, will be forfeited.

Kyber Network, the company behind the decentralized exchange KybeSwap, urged liquidity providers to withdraw cryptocurrency from Elastic, a protocol for automated market formation.

The company claimed in a tweet on Monday that it had found a “potential vulnerability” and recommended liquidity providers remove their assets as soon as feasible. The fronted attack assault led to a $265,000 USDC loss. The KyberSwap team promised to pay all impacted consumers.

Despite the fact that the nature of the vulnerability has not been revealed, Kyber Network claims that no user money has been lost. It was also stated that the protocol of KyberSwap Classic was unaffected.

PeckShield analysts discovered that the stolen cash was taken from the BitMart cryptocurrency exchange. According to KyberSwap, there is no smart contract vulnerability. Users should be careful while signing for permission and reviewing transaction details, according to the developers.

In June 2022, Kyber Network unveiled the Elastic protocol. Liquidity providers may use the protocol to concentrate liquidity by employing a limited price range for the token pair, simulating larger levels of liquidity.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Binance Now Integrates PancakeSwap And Kyber Network For Increased Liquidity

Ambient Review: Emerging DEX On Ethereum Brings Exciting User Experience

Agility Protocol Review: Potential Platform To Solve LSD Liquidity Challenge

Tags: BitmartDexKyber NetworkKyberSwapKyberSwap Elastic
Previous Post

Apple Again Has A Serious Security Vulnerability That Can Lose Crypto Assets

Next Post

The Mystery Behind 120% Surge Of ID Token: Investigating Space ID and DWF Labs

Other Posts

Coinbase Chief Legal Officer Paul Grewal Confirms Layer 2 Base Will Not Launch Tokens
News

Coinbase Chief Legal Officer Paul Grewal Confirms Layer 2 Base Will Not Launch Tokens

September 22, 2023
Hong Kong's JPEX Sees Significant Increase In Victims In HK$1.37 Billion Fraud
News

Hong Kong’s JPEX Sees Significant Increase In Victims In HK$1.37 Billion Fraud

September 22, 2023
Binance's Trading Volume Faces Challenge Due To Zero-Fee Promotion Halt
News

Binance’s Trading Volume Faces Challenge Due To Zero-Fee Promotion Halt

September 22, 2023
Justin Sun's Huobi Bold Transformation: HTX Emerges As A Game-Changer In Crypto
News

Justin Sun’s Huobi Bold Transformation: HTX Emerges As A Game-Changer In Crypto

September 22, 2023
Bankman-Fried's Release Was Denied: Legal Showdown Looms In High-Profile Trial
News

Bankman-Fried’s Release Was Denied: Legal Showdown Looms In High-Profile Trial

September 22, 2023
Binance And CEO Changpeng Zhao Officially File To Dismiss SEC Lawsuit
News

Binance And CEO Changpeng Zhao Officially File To Dismiss SEC Lawsuit

September 22, 2023
Next Post
The Mystery Behind 120% Surge Of ID Token: Investigating Space ID and DWF Labs

The Mystery Behind 120% Surge Of ID Token: Investigating Space ID and DWF Labs

  • Immutable-X-Suddenly-Increases-More-Than-35-percent-As-Whales-Show-Signs-Of-Accumulation

    Immutable X Suddenly Increases More Than 35% As Whales Show Signs Of Accumulation

    124 shares
    Share 50 Tweet 31
  • Coinbase Wallet Users: Beware of Scammers Exploiting Messaging Protocols for Phishing!

    142 shares
    Share 57 Tweet 36
  • Layer 1 Vara Network Will Be Supported By Coinbase

    112 shares
    Share 45 Tweet 28
  • Ethereum Network Gas Fee Now Soars To Over 310 Gwei

    93 shares
    Share 37 Tweet 23
  • Singapore Banks Crack Down On Money Laundering: $1.8 Billion Assets Seized

    93 shares
    Share 37 Tweet 23
Coinbase Chief Legal Officer Paul Grewal Confirms Layer 2 Base Will Not Launch Tokens

Coinbase Chief Legal Officer Paul Grewal Confirms Layer 2 Base Will Not Launch Tokens

September 22, 2023
Hong Kong's JPEX Sees Significant Increase In Victims In HK$1.37 Billion Fraud

Hong Kong’s JPEX Sees Significant Increase In Victims In HK$1.37 Billion Fraud

September 22, 2023
Sui Foundation Awards $300,000 In Grants to Shape Web3 Education

Sui Foundation Awards $300,000 In Grants to Shape Web3 Education

September 22, 2023
Binance's Trading Volume Faces Challenge Due To Zero-Fee Promotion Halt

Binance’s Trading Volume Faces Challenge Due To Zero-Fee Promotion Halt

September 22, 2023
Justin Sun's Huobi Bold Transformation: HTX Emerges As A Game-Changer In Crypto

Justin Sun’s Huobi Bold Transformation: HTX Emerges As A Game-Changer In Crypto

September 22, 2023
Bankman-Fried's Release Was Denied: Legal Showdown Looms In High-Profile Trial

Bankman-Fried’s Release Was Denied: Legal Showdown Looms In High-Profile Trial

September 22, 2023
Binance And CEO Changpeng Zhao Officially File To Dismiss SEC Lawsuit

Binance And CEO Changpeng Zhao Officially File To Dismiss SEC Lawsuit

September 22, 2023
Linear Finance Reported The Attack Causes LUSD Volume Spike Up 7761%

Linear Finance Reported The Attack Causes LUSD Volume Spike Up 7761%

September 21, 2023
Celsius Now Reaches Agreement With Earn Ad Hoc Group And Simon Dixon

Celsius Now Reaches Agreement With Earn Ad Hoc Group And Simon Dixon

September 21, 2023
ETH/BTC Trading Pair Rate Falls To 14-month Low

ETH/BTC Trading Pair Rate Falls To 14-month Low

September 21, 2023
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Metaverse
  • Polygon
  • Coinbase
  • Trending

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected].

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Casino Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
    • Best Web3 Cryptocurrencies
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Video

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected].

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In