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
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.
Native USDC Launches on Sonic with CCTP V2 Integration
Circle has launched native USDC support on Sonic, marking the stablecoin's expansion to its 20th blockchain network. Key features include: - Automatic upgrade of bridged USDC to native USDC - Direct 1:1 USD/USDC minting for Circle Mint customers - CCTP V2 integration enabling rapid cross-chain transfers with smart contract hooks Major partners at launch include Aave, Binance, and Redot Pay. The integration brings institutional-grade stablecoin infrastructure to Sonic's ecosystem, enhancing DeFi capabilities and cross-chain liquidity. [Learn more about multi-chain USDC](http://circle.com/multi-chain-usdc/sonic)
Stability DAO Launches New Vault with Enhanced Leverage and Rewards
Stability DAO has launched a new vault on Sonic featuring significant leverage and reward opportunities: - Leverage capability up to 7.2x - Enhanced stability GEMS leveraged rewards - Silo Points multiplier of 10x points per dollar/day - PT Maturity Date set for August 14, 2025 This launch follows a major collaboration between Pendle Finance, Silo Finance, and Stability DAO, enabling PT (Principal Token) integration with Silo markets and Stability vaults. [Access the new vault here](https://stability.farm/vaults/vault/146/0x6bd40759e38ed47ef360a8618ac8fe6d3b2ea959)