Hover Labs (@hovereng) 's Twitter Profile
Hover Labs

@hovereng

Creator of decentralized products, infrastructure and services.

Forum: discuss.kolibri.finance
Discord: discord.gg/pCKVNTw6Pf

ID: 1354318166139125760

linkhttps://hover.engineering calendar_today27-01-2021 06:39:56

289 Tweet

1,1K Followers

30 Following

Kolibri (@kolibridao) 's Twitter Profile Photo

🚨 🚨 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

🚨 🚨 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
Crypto Coin News (@todaycrypto) 's Twitter Profile Photo

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…

Hover Labs (@hovereng) 's Twitter Profile Photo

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

Kolibri (@kolibridao) 's Twitter Profile Photo

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…

Kolibri (@kolibridao) 's Twitter Profile Photo

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

Hover Labs (@hovereng) 's Twitter Profile Photo

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.

Hover Labs (@hovereng) 's Twitter Profile Photo

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.

Hover Labs (@hovereng) 's Twitter Profile Photo

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…

Hover Labs (@hovereng) 's Twitter Profile Photo

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…

Kolibri (@kolibridao) 's Twitter Profile Photo

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

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 <a href="/QuipuSwap/">QuipuSwap</a> 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
Bittrex Global (@bittrexglobal) 's Twitter Profile Photo

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

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 <a href="/tezos/">Tezos</a> tokens now!

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