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19990641 No.19990641 [Reply] [Original]

Okay anons, post mortem. What the fuck happened? The amount of STA in the liquidity pool dropped to 0. Was it a bug or did someone figure out an exploit? If it was an exploit through the burn function, STONKS will get yeeted too any minute now. If you lost money I have no sympathy because I have calmly explained the economics behind these tokens to you retards in like a dozen threads

>> No.19990659

>>19990641
Am I the only one that doesn't know what this shitcoin is?

>> No.19990665

>>19990659
Statera

>> No.19990678
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19990678

DRRRRR.... OH NO GUYS!
JUST BUY STONKS... ITS THE SAME THING BUT NOT A SCAM

>> No.19990705

>>19990641
This shit looks like a bug with Balancer to me. Just got majorly spooked, pulling all my money out of Balancer pools.

>> No.19990871

>>19990705
they are saying it was a bug when a whale pulled leverage to arb the dip

>> No.19990952

its happened to stonks too
could be a balancer pool exploit unless the same whale held a lot of liquidity for both coins

>> No.19991365

>>19990641
can u explain it to me plz

i hold RSR and SNX, am i fucked too?

>> No.19991382

BALANCER EXPLOIT

BALANCER EXPLOIT

BALANCER EXPLOIT

REMOVE ALL FUNDS FROM BALANCER, THERE IS AN EXPLOIT THAT CAN BE USED TO SIPHON FUNDS

>> No.19991398

you got de-listed from balancer, retards.

>> No.19991403

>>19991382
What’s the exploit? Bal token price about to go to zero

>> No.19991404

>>19990641
it's simple:
>balancer doesnt support deflationaries
seems this problem wasnt really known until now
>1% burn = liquidity providers loose every arb
>someone flashloaned hundreds of arbs at once
>STA in pool burnt
>took rest of shit out
something like that, not confirmed but correctish

>> No.19991424

>>19990871
>>19990952
People saying it is an arbitage opportunity - how? The guy got the exact tokens from the pool in a single transaction. Not the money equivalent, he somehow got the exact tokens for the smallest amount of a STA. Doesn't Thanos trade on uniswap? How did he literally drain the pool?

>> No.19991427

>>19991404
That’s incredibly hilarious

>> No.19991455

>>19991424
read >>19991404 they burnt the STA in the pool then used the tiny amount remaining to pull rest of assets out

>> No.19991545

SHIT IS FUCKED DUDES STA AND STONK POOLS EMPTY FROM AN EXPLOIT.

NICE AUDIT YOU GOT THERE

>> No.19991869

This shit is shady af. You ask anyone a few days ago if Balancer could be drained, you'd probably be laughed at. Now someone drains it but it's all the tokens fault and STA owners should've known. How do we know there aren't tons of other exploits in the apparantly pajeet tier Balancer contract? Pulled all my fucking funds.

>> No.19991883
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19991883

>> No.19991895

Yup, my 20k into the pool gone. This has nothing to do with STA or STONKS. It's all on balancer.

I think they probably knew something like this was gonna happen, look at how much fuss they made about deflationary tokens. Yet they did not care for shit.

>> No.19991896

>>19990641
Its the balancer site that had the exploit

>> No.19991947

>>19991545
It was the balance pool that got hacked, not STA or Stonks

>> No.19992130

>>19991947
due to the way stonks and sta work.
all other pools are fine.

>> No.19992153

>>19991895
it's decentralized, balancer.exchange has no power over what people pool. they warned everyone and even cut STA and STONKS from rewards

>> No.19992178

can someone red pill me on what this stonk and sta token is supposed to do?

>> No.19992191

>>19992130
We'll see. People aren't going to trust the pools much after this

>> No.19992204

>>19992178
V4 and v5 STA on their way.

>> No.19992217

>>19992153
Now they're saying the warned the teams over and over (which is bullshit). It's decentralized, audited, yet was still hacked.

I only had a bit of STA but put most into the pool, cause I know a coin can tank to shit but I did not expect the protocol to get raped like that. I still managed to save something, but ouch.

>> No.19992235

>>19992217
They said days ago when they cut rewards that deflationary coins were an ATTACK VECTOR. What did you assume that meant?

>> No.19992238

>>19992217
This, if something so seemingly secure as STA can fail this hard, It doesnt bode well for anyother shitcoins which are far less reputable

>> No.19992248

>>19992178
Make your money dissapear and use it to feed some indian scammers family

>> No.19992274

>>19992235
This
This is entirely a problem with deflationary coins. Dude just got half a mil worth of eth

>> No.19992444

unironically AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.19992676

>>19992235

can someone explain how a deflationary token makes it an attack vector my pea brain cannot process this

>> No.19992815

>>19992676
No idea. It is beyond my understanding, and probably everyone else's since they didn't know about the exploit. The exploit that they were concerned about were not what happened here, so anyone saying the bal team knew and tried to tell us is full of shit

>> No.19992845

>>19992815
Who is this genius who pull this off?

>> No.19992855

>>19992676
It dont they are playing hot potatoe on the blame because they know they done fucked up

>> No.19992860

>>19992845
Probably a balance pool dev, if I had to guess

>> No.19992932

Guess which token rebounced this shitshow, is going to Hotbit tomorrow, and has the dev which immediately responded and will reimburse everybody who had pooled?
Yes, that would be STONK, how did you know?

>> No.19992990

>>19992932
Yeah, but you only had like 5 people pooled lol. Who is going to buy stonks if there is a bal pool exploit?

>> No.19992992

>>19991403

BAL gonna dump hard when this reaches plebs

>> No.19993007

>>19992992
I wish they would send us our bal now before the price dumps