WebWithout fully understanding the impact, we used 'solana close program' and the OptiFi program on mainnet was closed, and cannot be recovered anymore. 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 Defi strikes again. WebSep 2, 2024 · OptiFi, a decentralized options exchange using the Solana blockchain, inadvertently disabled its mainnet service with a misunderstood command and locked up …
Solana-based OptiFi Accidentally Loses $660k, Here’s How
WebSep 2, 2024 · OptiFi doesn't provide much detail about who's running things. In its documentation, the entity claims, "The core team behind OptiFi is composed of experienced entrepreneurs, including a crypto fund manager, a risk and hedging solutions expert, quant traders and seasoned Solana devs across US, Europe, and Asia." WebOptiFi, powered by Solana and Serum, is the first derivatives DEX with a portfolio-based margining approach and partial liquidations engine. Portfolio Margining allows users to net the overall portfolio risk to enhance capital efficiency, … chinese mousewriting input
Welcome to OptiFi - OptiFi - GitBook
WebAug 30, 2024 · On August 29th, Solana-based decentralized exchange (DEx), OptiFi accidentally closed its mainnet program. Unfortunately, the program was non-recoverable. The exchange lost $661,000 of users’ money in shutting down the program. Luckily, most of the funds belonged to the team, and only 5% belonged to investors. WebSep 1, 2024 · Sometimes a small error causes a big loss to the whole system. The same happened with Solana-based DEX, OptiFi, which lost more than $661,000 due to a … WebThis project aims to provide a tool to explore the trend and visualize crypto market data. Leveraging the API of Coinmarketcap, the most trusted … chinese mourning customs