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BNB $603.39 -0.59%
XRP $1.00 -0.22%
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TRX $0.3343 +1.14%
DOGE $0.0703 +0.08%
ADA $0.1750 +0.45%
BCH $204.32 -0.57%
LINK $9.52 -0.10%
HYPE $58.72 -0.83%
AAVE $89.45 +2.02%
SUI $0.6541 -3.43%
XLM $0.1543 -2.44%
ZEC $509.00 -0.40%

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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