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ETH $1,578.57 -5.90%
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XRP $1.09 -3.00%
SOL $63.18 -4.58%
TRX $0.3202 -1.72%
DOGE $0.0820 -2.61%
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BCH $223.63 -1.28%
LINK $7.43 -2.69%
HYPE $59.87 -3.04%
AAVE $62.08 -9.25%
SUI $0.7116 +0.21%
XLM $0.2011 +4.71%
ZEC $374.64 +12.05%

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

2022-11-01 14:21:20
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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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