LIQUIDITY PROVIDERS
Kyber Network Advises Removal of Funds Amid Potential Vulnerability
Kyber Network has advised liquidity providers to remove their funds due to a potential vulnerability in the Kyberswap Elastic decentralized crypto exchange. No funds have been lost, and farming rewards have been temporarily suspended until a new smart contract can be deployed.
Allbridge Provides Compensation Plan for Hacked Users
Allbridge has posted a recovery plan after being hacked for $573,000 on April 1, stating that users with funds stuck on the token bridge are first in line to receive compensation. Allbridge has already started the compensation process for users despite only recovering part of the funds. The protocol aims to fully compensate those affected by the exploit with funds available to them.
PancakeSwap Launches V3 with Lower Fees and Enhanced Capital Efficiency
PancakeSwap has launched version 3 of its automated market maker platform, featuring lower fees and enhanced capital efficiency. Liquidity providers can now select custom price ranges, allowing specific control over capital investments, and the release also includes four new trading fee tiers. The platform serves over 1.5 million unique users and has more upcoming features in development.