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ETH $1,897.80 +0.03%
BNB $600.60 -0.46%
XRP $0.9965 -0.06%
SOL $76.20 +1.12%
TRX $0.3323 +0.20%
DOGE $0.0697 -0.29%
ADA $0.1739 +0.31%
BCH $203.13 -0.07%
LINK $9.43 -1.12%
HYPE $59.31 +0.26%
AAVE $89.29 +3.05%
SUI $0.6525 -3.37%
XLM $0.1525 -2.99%
ZEC $504.35 -1.19%

There is suspected serious sandwich attack in DODO's USDT/DAI liquidity pool

2022-11-01 14:21:20

ChainCatcher news, Balancer DAO's technical lead Mike B tweeted that there have been some serious sandwich attacks in the USDT/DAI liquidity pool of the decentralized trading platform DODO. The pool has a liquidity of less than $10 million, while the daily trading volume reaches between $50 million and $100 million, due to MEV (Maximum Extractable Value). "Worse yet, when users load DODO in a new browser, the default slippage is set to 3%, instead of being automatically set to a more appropriate 0.1%."

At the end of the tweet, Mike B suggested to Dodo: the official should add fees to the trades in the pool, which could significantly reduce the number of trades. Additionally, the default slippage should be changed; non-stableswap trades should not default to 3%. (source link)

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