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ETH $2,263.60 -0.95%
BNB $618.29 -0.88%
XRP $1.38 -0.19%
SOL $83.67 -0.26%
TRX $0.3230 +0.12%
DOGE $0.1067 +6.88%
ADA $0.2458 -0.28%
BCH $448.32 -0.93%
LINK $9.14 -1.00%
HYPE $40.10 +0.38%
AAVE $93.32 -3.05%
SUI $0.9105 -1.41%
XLM $0.1605 -0.95%
ZEC $327.30 -2.80%

There is suspected serious sandwich attack in DODO's USDT/DAI liquidity pool

2022-11-01 14:21:20
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ChainCatcher news, Balancer DAO's technical lead Mike B tweeted that there have been some serious sandwich attacks in the USDT/DAI liquidity pool of the decentralized trading platform DODO. The pool has a liquidity of less than $10 million, while the daily trading volume reaches between $50 million and $100 million, due to MEV (Maximum Extractable Value). "Worse yet, when users load DODO in a new browser, the default slippage is set to 3%, instead of being automatically set to a more appropriate 0.1%."

At the end of the tweet, Mike B suggested to Dodo: the official should add fees to the trades in the pool, which could significantly reduce the number of trades. Additionally, the default slippage should be changed; non-stableswap trades should not default to 3%. (source link)

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