SushiSwap Seeks Stop Loss Solution After RouteProcessor2 Contract Issue
According to reports, SushiSwap has announced on its official website that it has initiated a solicitation process in the Lido community, which mentions that due to the RouteProces
According to reports, SushiSwap has announced on its official website that it has initiated a solicitation process in the Lido community, which mentions that due to the RouteProcessor2 contract issue, a portion of ETH has been transferred as MEV rewards to the blockbuilder, and then directed to the Lido Execution Rewards Vault (or approximately 795.9761955 ETH). SushiSwap stated that it had contacted several Lido contributors over the weekend to discuss options for recovering these funds and was advised to discuss them within the community. Currently, approximately 78 ETHs have been sent to Lido Treasury, and the remaining funds have been or will be re mortgaged. SushiSwap expressed its hope to seek advice and find a stop loss solution.
Sushi Swap initiated a solicitation of opinions on the application for the return of ETH flowing into Lido
SushiSwap recently announced on its official website that it has started a solicitation process with the Lido community. The solicitation process aims to recover a portion of ETH that was transferred as MEV rewards to the blockbuilder, and then directed to the Lido Execution Rewards Vault. This was due to a contract issue with RouteProcessor2, which has caused concern for SushiSwap and the Lido community.
Why Is This Happening?
The issue with the RouteProcessor2 contract has resulted in the transfer of a portion of ETH as MEV rewards to the blockbuilder. This has raised concern within the Lido community and SushiSwap, as they seek to recover the funds. The total amount transferred to the Lido Execution Rewards Vault is approximately 795.9761955 ETH.
What Is SushiSwap Doing About It?
Upon discovering the issue, SushiSwap contacted several Lido contributors to discuss options for recovering the funds. They were advised to discuss it within the community. As a result, SushiSwap has initiated a solicitation process with the Lido community to find a stop loss solution.
Currently, approximately 78 ETHs have been sent to Lido Treasury, and the remaining funds have been or will be re-mortgaged. SushiSwap hopes to seek advice and come up with a solution to recover the transferred funds.
What Is the Lido Community Saying?
The Lido community has expressed concern about the transfer of funds and the contract issue with RouteProcessor2. They are eager to find a solution and recover the funds that were lost in the process. Some members of the community have suggested looking for legal solutions, while others are exploring technical solutions.
What Does This Mean for SushiSwap and Lido?
The RouteProcessor2 contract issue is a concerning one for both SushiSwap and the Lido community. The transfer of funds has raised questions about security and trust within the platform. However, the solicitation process initiated by SushiSwap shows their commitment to finding a solution and recovering the lost funds.
It is still unclear what the final outcome of the solicitation process will be, but it is clear that SushiSwap and the Lido community are actively working towards a solution.
Conclusion
The issue with the RouteProcessor2 contract has caused concern for SushiSwap and the Lido community. The transfer of funds has been a loss, but the solicitation process initiated by SushiSwap shows commitment towards finding a solution. The Lido community is also actively engaged in exploring legal and technical solutions. It is still unclear what the final outcome will be, but it is clear that both SushiSwap and the Lido community are taking steps towards finding a stop loss solution.
FAQs
**Q: What is MEV?**
A: MEV stands for “Maximal Extractable Value,” which refers to the amount of value that can be extracted from mining pools and smart contracts.
**Q: Is there a timeline for when the funds will be recovered?**
A: There is currently no set timeline for when the funds will be recovered, but SushiSwap and the Lido community are actively working towards finding a solution.
**Q: What steps can users take to protect their funds on SushiSwap?**
A: Users can protect their funds on SushiSwap by using multi-factor authentication, keeping their private keys secure, and not sharing their login information with anyone.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/14859.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
The Battle Over Stable Currencies: Paradigm Challenges the SEC’s jurisdiction over Terra’s UST
On April 25th, Rodrigo, the legal director of Paradigm, said on Twitter: \”Paradigm submitted a amicus curiae briefing in the US SEC\’s lawsuit against Terra and Do Kwon. Paradigm is
-
Michael Sonnenstein Urges SEC to Protect Grayscale Investors
According to reports, Michael Sonnenstein, CEO of Grayscale Investments, said in a recent podcast interview that \”it is impossible to imagine\” why the United S…
-
HashPort, a Japanese Web3 company, completed a financing of over 1.2 billion yen, with Maezawa Youzuo participating in the investment
On April 19, it was reported that Hash Port, a Japanese Web3 company, had completed round C financing of more than 1.2 billion yen (8.9 million US dollars) through a third-party ri
-
What is SlowMist Audit (SlowMist Technology Recruitment)
What is SlowMist Audit? According to official information, SlowMist Audit is a
-
Porsche Launches PION NFT Airdrop for Original Founders and Holders
It is reported that Porsche NFT project PORSCH Ξ Announced on the official website that “PION” has been launched to the original founders and NFT holders Ξ ERS CO-PILOTS “airdrop,” PION Ξ ERS CO-PILOTS “series has been launched in OpenSea, the floor price is about 0.16 ETH, and the total transaction amount has reached 143 ETH up to now. Porsche NFT project PORSCH Ξ Start “PION Ξ ERS CO-PILOTS “air drop Analysis based on this information:Porsche has recently announced that its NFT project, PORSCH Ξ, has launched a new series called “PION Ξ ERS CO-PILOTS.” This new series has been exclusively created for the original founders and NFT holders of the project. Porsche is offering this new collection as an airdrop to its existing community. The PION Ξ ERS CO-PILOTS series has been listed for sale on OpenSea, one of the largest NFT marketplaces. The floor price for the collection is 0.16 ETH, and since its launch, the total transaction…
-
Sango Coin on track for Central African Republic’s national cryptocurrency exchange
On April 3rd, Sango, a national encryption project in the Central African Republic, stated in a message in its Telegram group that the Government of the Central African Republic (C
-
Apple Struggles with First Hybrid Reality Headset: Postponed Launch to June
According to reports, according to people familiar with the matter, Apple has postponed the launch plan of its first hybrid reality head display (XR) from Apri…
-
Industry Turmoil Predicted by Doodles CEO Julian Holguin
It is reported that as the industry is upset about last year\’s events, Julian Holguin, chief executive of Doodles, said, I think many people will definitely fe…
-
Uniswap V3 Deployed on Polygon zkEVM Via 100% Approval: The Future of DeFi on the Horizon
On April 14th, it was reported on Tally\’s voting page that the Uniswap governance proposal for deploying Uniswap V3 on Polygon zkEVM had ended with 100% approval.
The proposal to d -
Encryption Industry’s Failure and its Impact on Banking System According to the Federal Reserve
It is reported that the minutes of the Federal Reserve meeting: the failure of the encryption industry has limited impact on the banking system.
Fed Mi…