Stability Metavaults Exploit Update: Funds Recoverable via Credix
Stability Metavaults Exploit Update: Funds Recoverable via Credix
🔍 The Vault Recovery Plan
Stability has confirmed their Metavaults were impacted by an exploit at Credix, not due to any vulnerability in Stability's own smart contracts.
Key points:
- Main platform remains secure and operational
- Credix team confirms affected funds are recoverable
- Recovery process actively underway
- Regular updates promised via social channels
The rest of Stability's infrastructure continues to function normally while the team works with Credix on fund recovery.
Update on Stability Metavaults Our Stability Metavaults were affected due to an exploit at Credix, not a vulnerability in our contracts. The rest of the Stability is fully secure and operating as intended. The Credix team has confirmed the funds are recoverable and is actively
StabilityDAO Raises xSTBL Exit Fee from 50% to 80%
**StabilityDAO** has implemented **SIP-1**, increasing the instant exit fee for xSTBL tokens from **50% to 80%**. **Key Changes:** - Parameter: xSTBL instant exit fee - Old value: 50% - New value: 80% **Strategic Goals:** - Reduce instant exits from the protocol - Increase PvP rewards for remaining participants - Better position xSTBL as an incentive mechanism The proposal passed through governance and aims to **strengthen the protocol's tokenomics** by discouraging quick exits while rewarding long-term participants. [View full proposal](https://snapshot.box/#/s:stabilitydao.eth/proposal/0x75548f5ec7919b5f21a7027f420907366068574438c0c9fd57359188bb0f9d5e)
🏛️ Stability DAO Launches
**Stability DAO** has officially launched with a governance model based on staking mechanics. **Key Features:** - 1 STBL_DAO token = 1 staked xSTBL (minimum 4,000 voting power required) - **Revenue distribution**: 80% to xSTBL stakers, 20% to recovery system - Governance via snapshot proposals for protocol management - Cross-chain voting power distribution for MetaVault allocations The DAO enables decentralized governance over the protocol's development and tokenomics through incentivized voting mechanisms. [Learn more](https://stabilitydao.gitbook.io/stability/stability-dao/governance) | [Vote on Snapshot](https://snapshot.box/#/s:stabilitydao.eth)
Stability DAO Recovery Update
**Stability DAO provides recovery update** following Credix exposure incident in MetaVaults affecting $7.3M across multiple tokens. **Recovery Progress:** - Recovery tokens distributed ✓ - Recovery pools created ✓ - Large pool distributions completed - Small pools still pending **Key Details:** - 1:1 recovery token ratio for affected MetaVault tokens - Only balances >$50 qualified for recovery tokens - Small balances already compensated - Automatic buybacks enabled within one week **Next Steps:** - Direct compensation begins when pools reach 1:1 price - Users must verify addresses in [documentation](https://stabilitydao.gitbook.io/stability/risks/accident1#affected-protocols-users) - Check REC* token balances on Shadow **Missing from lists?** Create Discord ticket with: address :: protocol :: vault :: amount :: tx hash Stability DAO commits 20% of platform income to compensation fund until full repayment achieved.
Stability Farm Season 1 Silo Points Claim Now Live
**Season 1 Silo Points claiming is now active** on Stability Farm's platform. Users can access their **wS claims through the Leaderboard section** at [stability.farm/leaderboard](https://stability.farm/leaderboard). This follows the platform's recent launch of leveraged farming opportunities, including: - **17x leverage capabilities** - Sonic AP multiplier at **x139.2** - Leveraged Silo Points multiplier at **x25.6** **Action required:** Visit the leaderboard to claim your Season 1 rewards.