Okay anons, post mortem. What the fuck happened? The amount of STA in the liquidity pool dropped to 0...

Okay anons, post mortem. What the fuck happened? The amount of STA in the liquidity pool dropped to 0. Was it a bug or did someone figure out an exploit? If it was an exploit through the burn function, STONKS will get yeeted too any minute now. If you lost money I have no sympathy because I have calmly explained the economics behind these tokens to you retards in like a dozen threads

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Am I the only one that doesn't know what this shitcoin is?

Statera

DRRRRR.... OH NO GUYS!
JUST BUY STONKS... ITS THE SAME THING BUT NOT A SCAM

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This shit looks like a bug with Balancer to me. Just got majorly spooked, pulling all my money out of Balancer pools.

they are saying it was a bug when a whale pulled leverage to arb the dip

its happened to stonks too
could be a balancer pool exploit unless the same whale held a lot of liquidity for both coins

can u explain it to me plz

i hold RSR and SNX, am i fucked too?

BALANCER EXPLOIT

BALANCER EXPLOIT

BALANCER EXPLOIT

REMOVE ALL FUNDS FROM BALANCER, THERE IS AN EXPLOIT THAT CAN BE USED TO SIPHON FUNDS

you got de-listed from balancer, retards.

What’s the exploit? Bal token price about to go to zero

it's simple:
>balancer doesnt support deflationaries
seems this problem wasnt really known until now
>1% burn = liquidity providers loose every arb
>someone flashloaned hundreds of arbs at once
>STA in pool burnt
>took rest of shit out
something like that, not confirmed but correctish

People saying it is an arbitage opportunity - how? The guy got the exact tokens from the pool in a single transaction. Not the money equivalent, he somehow got the exact tokens for the smallest amount of a STA. Doesn't Thanos trade on uniswap? How did he literally drain the pool?

That’s incredibly hilarious

read they burnt the STA in the pool then used the tiny amount remaining to pull rest of assets out

SHIT IS FUCKED DUDES STA AND STONK POOLS EMPTY FROM AN EXPLOIT.

NICE AUDIT YOU GOT THERE

This shit is shady af. You ask anyone a few days ago if Balancer could be drained, you'd probably be laughed at. Now someone drains it but it's all the tokens fault and STA owners should've known. How do we know there aren't tons of other exploits in the apparantly pajeet tier Balancer contract? Pulled all my fucking funds.

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Yup, my 20k into the pool gone. This has nothing to do with STA or STONKS. It's all on balancer.

I think they probably knew something like this was gonna happen, look at how much fuss they made about deflationary tokens. Yet they did not care for shit.

Its the balancer site that had the exploit

It was the balance pool that got hacked, not STA or Stonks

due to the way stonks and sta work.
all other pools are fine.

it's decentralized, balancer.exchange has no power over what people pool. they warned everyone and even cut STA and STONKS from rewards

can someone red pill me on what this stonk and sta token is supposed to do?

We'll see. People aren't going to trust the pools much after this

V4 and v5 STA on their way.

Now they're saying the warned the teams over and over (which is bullshit). It's decentralized, audited, yet was still hacked.

I only had a bit of STA but put most into the pool, cause I know a coin can tank to shit but I did not expect the protocol to get raped like that. I still managed to save something, but ouch.

They said days ago when they cut rewards that deflationary coins were an ATTACK VECTOR. What did you assume that meant?

This, if something so seemingly secure as STA can fail this hard, It doesnt bode well for anyother shitcoins which are far less reputable

Make your money dissapear and use it to feed some indian scammers family

This
This is entirely a problem with deflationary coins. Dude just got half a mil worth of eth