TechFlow news: Arbitrum-based leveraged yield protocol Rodeo Finance announced it will relaunch on July 24 and has revised its product roadmap. Regarding the vulnerability that resulted in approximately 880,000 USDC net bad debt in its lending pools, Rodeo has proposed the following action plan:
-
Provide all LPs with a full recovery method to withdraw the exact amount of USDC they initially deposited into the pools
-
Re-audit all farms for potential vulnerabilities
-
Implement enhanced security measures
-
Gradually resume the protocol in phases
Add to Favorites
Share to Social Media
