$97,088.00
0.08%$1,814.58
-0.33%$2.13
-1.19%$602.95
-0.23%$147.38
0.12%$0.999901
-0.01%$0.172251
-0.32%$0.672107
-1.10%$0.249052
1.64%$1,812.02
-0.43%$96,939.00
0.07%$3.34
-0.13%$13.84
0.10%$19.58
-2.23%$8.79
0.83%$0.260248
-0.88%$384.75
2.45%$0.999874
0.00%$0.00001282
0.03%$2,175.52
-0.36%$3.01
-0.18%$0.175852
-0.66%$21.11
0.31%$90.23
-1.77%$3.97
0.06%$281.78
-2.23%$0.999972
-0.00%$1,813.99
-0.43%$4.23
-2.13%$1.001
0.00%$97,067.00
0.10%$0.592053
2.18%$1,939.21
-0.02%$28.56
0.86%$0.00000826
3.04%$366.16
-2.27%$50.65
-0.60%$4.80
1.11%$4.88
-1.96%$1.051
0.02%$1.00
0.00%$2.29
-2.11%$0.875002
0.42%$0.092196
1.87%$172.56
-2.64%$21.18
-0.48%$4.66
0.41%$16.23
0.32%$0.092563
2.03%$0.711477
0.07%$29.84
0.38%$11.00
-1.24%$4.21
-2.70%$0.02493669
0.33%$1.001
0.06%$1.17
-0.03%$96,714.00
-0.02%$0.218772
0.86%$4.16
1.15%$4.34
0.95%$0.679771
-1.76%$2.59
-0.01%$0.199648
0.14%$0.509319
-0.31%$0.268671
-1.21%$0.99871
-0.11%$2.44
3.51%$4.11
0.01%$0.311767
1.09%$0.896897
12.44%$10.80
-0.12%$96,946.00
0.06%$0.00001702
0.40%$90.52
3.67%$0.931402
0.26%$1,512.46
2.70%$0.431851
2.16%$0.01917177
2.71%$0.822982
18.84%$1.25
-0.90%$154.70
0.19%$0.073357
3.14%$1,813.39
-0.34%$3.86
4.76%$1,889.86
-0.11%$0.999109
-0.10%$0.199784
0.82%$1.015
-6.19%$0.597201
-1.80%$0.536818
1.12%$9.56
3.32%$1.41
-5.33%$1.00
0.05%$0.66807
-0.96%$0.091542
1.64%$1.00
0.02%$2,055.20
-0.42%$3,383.69
-0.30%$14.53
-4.64%$3,386.09
-0.35%$0.999906
-0.01%$0.207407
5.13%$602.98
-0.23%$96,932.00
0.02%$190.33
0.09%$0.01555225
1.20%$163.23
0.23%$97,221.00
-0.07%$96,517.00
1.46%$0.00007654
-0.24%$36.83
-1.00%$0.01154405
-0.86%$0.718891
2.23%$2.46
2.67%$0.704522
-2.13%$0.782156
0.46%$0.553409
-0.85%$0.0000007
0.12%$1,930.00
-0.62%$0.015221
0.79%$0.274824
1.03%$3.64
-3.39%$2.04
1.90%$40.59
6.43%$0.997997
-0.00%$0.110022
-0.05%$0.999042
0.02%$18.07
1.72%$1.10
0.75%$0.371056
0.28%$0.581213
1.47%$1,898.32
-0.28%$0.540298
0.78%$0.300019
2.81%$0.01654924
1.09%$1.66
4.75%$0.054476
5.44%$3.23
0.13%$0.612333
0.02%$110.97
0.01%$1,896.11
-0.13%$0.136917
1.62%$0.99884
-0.01%$96,337.00
-1.58%$97,050.00
0.19%$0.999902
0.01%$0.00523332
-2.19%$0.00831042
-0.31%$0.506475
1.47%$0.434723
-0.95%$0.065858
-4.35%$0.999902
-0.01%$96,675.00
0.10%$0.38656
-1.88%$0.46107
11.84%$6.85
0.30%$0.172184
-0.19%$95,068.00
6.08%$0.567078
1.25%$1.25
-4.30%$15.39
2.06%$0.00002125
1.04%$1.52
1.41%$1,813.96
-0.41%$0.00000042
0.85%$0.16511
-5.75%$1.63
8.47%$1.085
0.00%$0.999376
-0.38%$0.129415
-1.21%$5.67
5.11%$0.159344
-1.80%$0.149589
-2.41%$0.00748454
3.85%$1,931.19
-0.36%$0.488223
1.80%$1,814.26
-0.40%$2.36
2.57%$0.0393717
1.11%$1,814.04
-0.50%$0.00541795
-1.52%$1,809.90
-0.27%$1,838.99
-0.74%$0.072728
0.62%$3.10
5.65%$0.079931
3.32%$0.218702
0.77%$32.53
0.15%$1.001
-0.08%$39.10
1.38%$21.39
-0.95%$1.46
48.65%$0.36103
-7.25%$0.364673
5.29%$0.01784786
1.92%$0.03443471
1.23%$0.00399941
0.80%$0.168224
-3.07%$1.28
-5.33%$0.999624
-0.30%$0.00005908
1.22%$0.768731
1.81%$1.00
0.03%$1.001
0.04%$0.00000081
22.47%$1.00
-0.00%$0.493829
1.69%$97,057.00
0.17%$0.671839
-0.83%$0.00000147
-2.12%$0.51727
10.05%$0.657566
-1.05%$21.13
-0.13%$0.266778
-1.01%$0.290745
-3.78%$1,799.58
-0.36%$96,855.00
-0.11%$1.35
-24.81%$0.00282606
1.58%$3,350.90
-1.43%$1.00
-0.00%$108.47
-1.24%$2.46
0.66%$0.221737
0.44%$19.58
-2.36%$0.0317199
5.50%$1.099
0.01%$0.190405
0.77%$21.43
0.96%$0.523352
0.58%$1,918.87
-0.48%$0.254898
0.87%$2.69
-3.92%$3.08
0.35%$1,949.37
0.04%$0.00282903
7.56%$1.54
1.33%$0.120386
-7.56%$0.999224
-1.65%$1,991.89
-0.42%$0.99954
-0.00%$96,976.00
1.40%$0.03506811
-0.25%$14.73
0.53%$0.223984
3.06%$1,975.46
-0.47%$1.13
-0.29%$0.00314013
0.31%Reading
A single mistake in DeFi can have permanent and very expensive results—as the creators of a Solana-based protocol discovered this week.
Options-trading decentralized exchange OptiFi announced on Monday that it had accidentally closed down its program on Solana’s mainnetmainnet, which means that all funds within the app are now permanently inaccessible. The damage? Some $661,000 worth of USDC stablecoin in total.
“We had an update to our Solana program code, so our deployer tried to upgrade the OptiFi program on Solana mainnet,” the team wrote in a postmortem report. “However, we accidentally used the ‘Solana program close’ command, resulting in our OptiFi program on mainnet being unfortunately closed.”
OptiFi's program has been closed by mistakes we made.
TL;DR
1. We accidentally closed the OptiFi mainnet program and it's not recoverable
2. 661k USDC is locked in the PDAs, luckily 95% of the fund is from our team member
3. We will compensate for all users’ funds— OptiFi (@OptifiLabs) August 29, 2022
OptiFi has promised to reimburse all users’ funds, but noted that about 95% of the inaccessible crypto funds were held by a member of the team. The refund process will take up to two weeks to complete, the team wrote. In the post, the creators detailed the process by which its developers accidentally closed off access to the program.
“OptiFi's team will learn from this harsh lesson and keep on building for everyone who trusts us,” it tweeted. “[Sincere] apologies to all the users [who] put faith in us and got affected by our mistakes.”
While OptiFi’s team took responsibility for the mistake that led to the program being permanently locked, it also offered suggestions to Solana’s core developers to help others avoid a similar fate. The team wants more official documentation about the “Solana program close” command, plus an extra confirmation step for app developers before confirming the instruction.
In an effort to improve the decentralization and performance of the Solana network, Web3 infrastructure developer and investor Jump Crypto has partnered with the non-profit Solana Foundation to create a new, additional validator client for the blockchain platform. Jump Crypto will lead development of a new open-source validator client called Firedancer, which will be based on the C++ programming language. It is intended to coexist alongside Solana Labs’ existing validator client, which is based...
OptiFi—which had just launched on mainnet earlier this month—apparently plans to deploy a new version of its program, and said that it will use a peer-surveillance system to ensure that at least three people are involved with any future blockchain actions. According to its post, the team hopes that such a system will minimize impatient actions and further mistakes.
“Every deployment needs a rigorous process and single-point failure can be avoided,” OptiFi’s team wrote in all caps. “Please don’t rush like what we did, especially for DeFi projects.”
Digital assets may be firmly in the mainstream, with institutional involvement and a crypto-friendly president in the White House. But hackers and fraudsters are having a field day so far this year. Crypto users have lost over $1.7 billion to these groups—already 14% more than 2024’s total losses of $1.49 billion, according to blockchain security firm Immunefi. In the same period last year, losses totaled $420 million, the firm said. The report comes amid ongoing concerns about the vulnerabil...
Libre, a regulated real-world asset platform, and the TON Foundation have launched a $500 million tokenized fund on The Open Network, aiming to bring Telegram’s $2.4 billion in corporate debt onto the blockchain for the first time. Dubbed the Telegram Bond Fund, the product allows institutional and accredited investors to gain exposure to Telegram’s outstanding bonds directly through the TON blockchain, according to a statement shared with Decrypt. The fund will also participate in future Telegr...
Solana decentralized exchange Raydium has deployed its native token launchpad, which is designed to rival the popular Pump.fun. This comes almost a month after Pump.fun deployed its own decentralized exchange, cutting ties with Raydium in the process. LaunchLab by Raydium offers a more sophisticated token creation process, compared to Pump.fun’s simplistic approach. The new launchpad allows for deployers to toy with the token supply, how many tokens will be sold on the bonding curve, and how muc...
