🚨 🚨 PROPOSAL ALERT🚨 🚨 💪Kolibri community, assemble!💪 The 8th proposal has been submitted to the #DAO! This proposal increases the debt ceiling to 12m kUSD 📈 Check out the proposal and cast your vote at governance.kolibri.finance Get involved at discuss.kolibri.finance

Tezos connoisseur Lukas Zuegg speaks with “shadowy super coders” Ryan Sears and Keefer Taylor about their project, Kolibri Finance. #DeFi Kolibri Keefer Taylor (🥧, 📈) @hovereng Tezos cryptocoin.news/news/kolibri-d…

Wen lunch!?

The #Kolibri Community has put forth KIP-016, a proposal to set the interest rate for the Kolibri Savings Rate for 10.75%. The proposal is under vote for the next 3.5 days. kDAO holders can vote at governance.kolibri.finance! #Tezos #Defi

We’re aware of a sophisticated arbitrage/economic exploit involving the Kolibri Liquidity Pool. This has ONLY affected providers for the Kolibri Liquidation Pool. The #Kolibri protocol continues to function normally. More information here: discuss.kolibri.finance/t/kolibri-liqu…

👀 Buy a #NFT with $kUSD? 👀

Great news! 💵💵The liquidator that received the proceeds from the #Kolibri Liquidity Pool has returned the funds to individual wallets. 💵💵 🧢A tip of our caps and a big thank you to them for doing this when they didn't have to. #DeFi #Kolibri

Earlier today Hover Labs executed Kolibri DAO proposal 12, which disables the Liquidity Pool's ability to liquidate ovens and patches the economic exploit. To the best of our knowledge, funds in the Liquidity Pool are safe. The QLkUSD farm will continue to emit kDAO.

Now that funds are not at risk, we'll publish a full post mortem shortly and continue to work with the community for next steps to restore functionality or migrate the liquidity pool. We'll post that here when it is complete.

As promised, we've published a post mortem of the economic exploit leveraged against the Kolibri Protocol's Liquidity Pool last week. This is the first in several articles diving into the specifics of the incident and can be found here: kolibri-xtz.medium.com/kolibri-liquid…

kUSD is now part of a stable swap pair on Tezos! We've written KIP-022, which proposes incentivizing LPs with kDAO tokens: discuss.kolibri.finance/t/kip-022-ince…

Over the past few months, the Kolibri #DAO purchased 82,494 $XTZ. It matched the amount with $kUSD and added it to the XTZ/kUSD QuipuSwap liquidity pool Total LP: 30,013 Stability Fund: 589,049 kUSD Dev Fund: 52,082 kUSD Total Value Controlled: 760,057 kUSD, 82268 $XTZ #Tezos

The $KUSD wallet is now open and trading will begin shortly at global.bittrex.com/home/markets $tzBTC, $SIRS and $YOU markets are open. Start trading our latest Tezos tokens now! Hover Labs