Following yesterday’s confirmation of the multimillion-dollar exploit, the BNB-based Ankr protocol took to its company blog on December 2 to let users know about its next steps.
The team said it was identifying liquidity providers for decentralized exchanges, as well as protocols that support aBNBc or aBNBb LP. The group also said it is evaluating aBNBc’s guarantee funds, such as Midas and Helio. According to the post, Ankr intends to buy $5 million worth of BNB, which it will use to compensate liquidity providers affected by the exploit.
Some users speculatively traded diluted aBNBc after the exploit occurred, but the company indicated that these traders will not be included in the protocol’s reward measures, stating that “we can only compensate LPs surprised by the event.”
Update on our aBNB Token Exploit:
We are grateful to our community of DEXs, exchanges, and protocols that all helped us end the exploit quickly.
We will use reserves to compensate liquidity providers for the aBNBc pools. https://t.co/B2yNWBAQdX
—Ankr (@ankr) December 2, 2022
Update of our aBNB Token exploit:
We are grateful to our community of DEXs, exchanges, and protocols that helped us finish the exploit quickly.
We will use the reserves to compensate liquidity providers for aBNBc funds
This story is in development and will be updated.
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