$124.91 3.24%
DAI · 5w

Compound Borrowing Paused; Funds Safe – Compound – Medium

A few hours ago, a member of the community alerted our team to a potential defect in the Compound protocol. After analyzing the report, we have confirmed that (1) there is a defect that was undetected in the audit process, (2) a potential exploit exists, (3) the potential exploit has never been used, (4) it’s necessary to temporarily disable new borrowing, to eliminate risk to users.

We’ve deployed an updated interest rate model, 0x16c2a19edbc68780dfc03708bc9021ef34db2e33, that causes new borrowing transactions to revert, while allowing all supply, withdraw, repay, and liquidate transactions. The protocol will otherwise continue to function normally — supplying assets will continue to earn interest, etc.

Our north star, and the most important metric that we judge ourselves on is safety. Over the next few days, we will evaluate how to move the protocol forward; the options include a patch, or deploying another version of the protocol.

Thank you for your support, trust, and skepticism as we work in an experimental new technology. If you have any questions, join us in Discord — we look forward to hearing from you.

— Compound

Go to
Recent news
ETH +3.24% · · 3h

Wall Street about to enter Crypto - CryptoTicker

The cryptocurrency market kicked off 2018 with a bang but ended with a slump. However, investors are still pouring billions into crypto space even though crypto tanked in 2018. Blockchain and crypto-r...
ETH +3.24% · · 19h

Updates on FOAM

Dear Members of the FOAM Community, I am writing with an update on the recent work done by the Foamspace team and plans for the coming year. While we are still formalizing a roadmap for publication, ...
ETH +3.24% · · 23h


IFX EXPO Asia kicks off at the Hong Kong Convention Centre next week and we’re proud to announce that OAX will be a part of the event. Our General Manager, Amanda Liu, has been invited by the…