I just saw an interesting attack case, where the HLP liquidity pool was exploited. According to on-chain analysts, someone deliberately used high leverage long positions on low-liquidity tokens like Fartcoin, then forcibly pushed their position into a loss, waiting to be liquidated. Once the ADL mechanism is triggered, the HLP is forced to absorb these toxic assets, ending up losing even more than the attacker. It sounds absurd, but in the past 24 hours, the HLP actually lost over 1.2 million USD, with a decline of about 0.35%. Even more heartbreaking is that the current HLP vault's TVL still stands at 420 million USD, but the monthly APR has dropped to 0%. This is outrageous—the returns of the liquidity pool are directly eaten up by such attacks. It seems that strategies targeting liquidity providers will become more common, so we need to be cautious.

FARTCOIN-2.59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin