Convex Finance Issues Warning to Revoke Delegate Approval
Convex Finance Issues Warning to Revoke Delegate Approval
鈿狅笍 Urgent Security Alert
Convex Finance, a decentralized finance protocol, has issued a warning to its users to revoke delegate approval for certain addresses. According to the tweet, there are around 20 addresses that still have the approval enabled, potentially exposing users to security risks. The protocol has provided a link for users to check if they are affected and has urged them to take necessary action. Convex Finance has also cautioned users against phishing links and emphasized the importance of staying vigilant.
To All users馃寛 Make sure to revoke the delegate approval; it's our way forward! Head to app.prismafinance.com/revoke-approval to check if you are concerned. There is about 20 adresses with the approval still on. All details are in the quoted tweets. Stay safe from phishing links馃檹
Although @PrismaFi is paused, protecting users, it is important that everyone who has migrated their Trove: 馃毃REVOKE DELEGATE APPROVAL馃毃 before the protocol is unpaused.
Convex Website Restored After Curve Domain Resolution
Convex's website has returned to full functionality following Curve Finance's successful migration to [Curve.finance](http://curve.finance). The restoration comes after a period of disruption caused by an attack on Curve's domain name that impacted Convex's operations. Key points: - Convex relies on Curve's data for website functionality - Service interruption occurred due to Curve domain attack - Full service restored after Curve's domain migration - **Security Warning**: Users advised to avoid clicking links in tweet replies Stay vigilant against potential phishing attempts targeting Convex and Curve users.
Convex and Yearn Launch Resupply Protocol with Yield-Bearing Stablecoin reUSD
**Resupply**, a new stablecoin protocol from Convex and Yearn, introduces $reUSD - a stablecoin backed by yield-bearing stablecoins. Key features: - Collateral earns yield while borrowing - Borrow rates set at half the lending rate - Multiple reward streams: $RSUP, $CRV, and $CVX - Peg maintained through redemption mechanism Users can: - Supply to insurance pool - Provide liquidity on Curve - Use for yield farming - Stake $RSUP for governance rights $PRISMA, $cvxPRISMA, and $yPRISMA holders can convert to vesting $RSUP.
Convex Finance Issues Security Warning About Phishing Links
Convex Finance has issued multiple security alerts warning users about potential phishing attempts: - All official communications will **not** include any links after their tweets - Any links appearing below their tweets that appear to be from Convex are **spam, fake, or phishing attempts** - Users are advised to exercise caution and avoid clicking suspicious links Recent announcements from Convex include: - A new initiative called Resupply - Collaboration with Votium Protocol - Multiple calls for community voting participation *Stay vigilant and verify all sources before clicking any links.*
Convex Finance Announces f(x) 2.0 Whitepaper
Convex Finance has announced the release of their f(x) 2.0 whitepaper. The team emphasizes security awareness: - No official links will be posted on their Twitter feed - Users should be cautious of potential phishing attempts - Any links appearing below their tweets should be treated as suspicious **Security Notice**: All links claiming to be from Convex in tweet responses should be considered spam or phishing attempts.
Protocol f(x) 2.0 White Paper Announcement
Protocol f(x) has announced the upcoming release of their 2.0 white paper. This technical document will outline the next evolution of the protocol's architecture and features. Key dates: - Initial announcement: September 26, 2024 - Expected release: November 4, 2024 The team emphasizes the importance of community members reviewing the document thoroughly upon release to understand the protocol's new direction.