A few days before the depeg, Mirror Protocol (a decentralized stock exchange on Terra created by TFL) migrated short farm liquidity into a new contract. Coincidentally, this contract had a bug. Millions in user funds were locked while UST plummeted. Order of events below. (1/6)
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Lots of funds, around $100 millions in TVL were stuck in Aperture protocol for the same reason, people could not withdraw or do anything with their investment…
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Aperture did use Mirror as primary protocol, just pointing out that there were more money stuck then just those directly on Mirror
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Funds on
@ApertureFinance were totally locked. Not only the short, also the long position and the aUST. Due to this "bug" all the@ApertureFinance customers loosed all their money.
End of conversation
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Appreciate your work.
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Doing great things for the community FatMan! I wouldn't discard the possibility of some of your Tweets having at least investigative value in the future (for regulators, claimers, etc...)
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This is weird. But you say it only affected short farming? I had some borrowing positions on aUST bad things seemed fine. For sure something that needs to be checked deeper. Care to share the governance proposal number?
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Force
@stablekwon for burn my friendThanks. Twitter will use this to make your timeline better. UndoUndo
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Again, a technical flaw! Devs, do the job carefully, it's misson-critical code.
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My $25k turned into $2k because of this bug
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