Etna Network Updates on DeBank.

13 Jul 2022, 11:27
Etna Network Updates on DeBank Following the flashloan/price oracle exploit that that happened several weeks ago, the following changes were made: Price rates update for all the supported collaterals have been changed to manual mode. In this mode, the price of collaterals that determines borrowability is now updated at certain times within a 24hr period and not in real-time. With this update, such exploit is no longer possible, hence DeBank has resumed normal operation and users can go back to using it. As a permanent fix, that ensures full-proof, debank major updates to the use of ChainLink price oracle for major coins/tokens with an inbuilt check mechanism that further validate the prices of collaterals has been developed. It is currently in testnet and will be deployed soon. Etna Network Investment Negotiation Update: In about 2 weeks ago, an Initial offer was sent to Etna Network from one of our potential investors. We immediately reviewed it and sent back a counteroffer. At the moment, we are waiting to receive an update from the said investor, and we are also in communication with other investors. Going forward: We can all agree that Etna Network has faced so many challenges over the past almost 2 years, all these challenges have been teachable moments for us, and we have learned, and we keep strategizing to overcome these challenges. At this, we are ever dedicated to the success of Etna network, we keep working hard and exploring strategies to make strong partnerships and Alliances. At the same time, we keep developing all aspects of the project, DeFi aspects, gaming aspects and the NFT aspects as well. We urge us all to stay tuned as there are changes we are working on that will soon come to light, changes that are much needed and will bring us back on the course for success

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13 Jul 2022, 11:27
Etna Network Updates on DeBank Following the flashloan/price oracle exploit that that happened several weeks ago, the following changes were made: Price rates update for all the supported collaterals have been changed to manual mode. In this mode, the price of collaterals that determines borrowability is now updated at certain times within a 24hr period and not in real-time. With this update, such exploit is no longer impossible, hence DeBank has resumed normal operation and users can go back to using it. As a permanent fix, that ensures full-proof, debank major updates to the use of ChainLink price oracle for major coins/tokens with an inbuilt check mechanism that further validate the prices of collaterals has been developed. It is currently in testnet and will be deployed soon. Etna Network Investment Negotiation Update: In about 2 weeks ago, an Initial offer was sent to Etna Network from one of our potential investors. We immediately reviewed it and sent back a counteroffer. At the moment, we are waiting to receive an update from the said investor, and we are also in communication with other investors. Going forward: We can all agree that Etna Network has faced so many challenges over the past almost 2 years, all these challenges have been teachable moments for us, and we have learned, and we keep strategizing to overcome these challenges. At this, we are ever dedicated to the success of Etna network, we keep working hard and exploring strategies to make strong partnerships and Alliances. At the same time, we keep developing all aspects of the project, DeFi aspects, gaming aspects and the NFT aspects as well. We urge us all to stay tuned as there are changes we are working on that will soon come to light, changes that are much needed and will bring us back on the course for success
Etna Network Updates on DeBank.
Etna Network Updates on DeBank Following the flashloan/price oracle exploit that that happened several weeks ago, the following changes were made: Price rates update for all the supported collaterals have been changed to manual mode. In this mode, the price of collaterals that determines borrowability is now updated at certain times within a 24hr period and not in real-time. With this update, such exploit is no longer impossible, hence DeBank has resumed normal operation and users can go back to using it. As a permanent fix, that ensures full-proof, debank major updates to the use of ChainLink price oracle for major coins/tokens with an inbuilt check mechanism that further validate the prices of collaterals has been developed. It is currently in testnet and will be deployed soon. Etna Network Investment Negotiation Update: In about 2 weeks ago, an Initial offer was sent to Etna Network from one of our potential investors. We immediately reviewed it and sent back a counteroffer. At the moment, we are waiting to receive an update from the said investor, and we are also in communication with other investors. Going forward: We can all agree that Etna Network has faced so many challenges over the past almost 2 years, all these challenges have been teachable moments for us, and we have learned, and we keep strategizing to overcome these challenges. At this, we are ever dedicated to the success of Etna network, we keep working hard and exploring strategies to make strong partnerships and Alliances. At the same time, we keep developing all aspects of the project, DeFi aspects, gaming aspects and the NFT aspects as well. We urge us all to stay tuned as there are changes we are working on that will soon come to light, changes that are much needed and will bring us back on the course for success