A new and safer Autoharvest!
It’s time to make yield farming easier more
Good afternoon, farmers!
After two days of internal testing, the offical version of Autoharvest was released. Thanks for all farmers and our deligent Autoharvest team!🥂
⬆️Updated
On October 26, 2020, Harvest Finance was suffered by flash loans attack, with losses exceeding 24 million US dollars🤕. After analysis by our security team, a hacker instantly manipulated the exchange rate of stablecoins on CRV through flash loans, then recharged certain stablecoins at a low price in the Harvest, and then he repurchased and sold stablecoins in CRV and restored the normal exchange rate. Finally the hacker received cash withdrawals and earned Exchange rate difference.💻
📈Autoharvest has taken the following measures in response to the above problems and strives to provide safer defi products. The new version adds many optimizations:
- A more stringent configuration of the existing arb deposit check strategy. The threshold is set to 0.5%.🐂
- Revise the Oracle pricing mechanism and obtain asset prices from Chainlink regularly. Fund growth beyond the floating range will fail. It can save GAS fee as much as possible, and avioud the attack from flash loans. 💰
Farmers! Remember! FARM rewards for incentive pools begin on 12am tonight🕛! Be sure to stake before that for maximum FARM yields 🚅.
We believe we can offer a safer farming place to all farmers! In the future, we will continue to make new strategies and assets to make your hard work easier with Autoharvest! 🏅
#Happy Farming for all farmers!
🧰Audit
The audit of AutoHarvest will be finished within one week, just enjoy the farming!
📡 Social Media
Start farming in our website: https://autoharvest.finance
Join our Discord discussion at https://discord.gg/ndJrRTq
Don’t miss an update by following us at https://twitter.com/autoharvest_lab
Check out our Medium https://autoharvet-finance.medium.com/
And our Chinese Medium https://autoharvest-finance-cn.medium.com/
Join our Telegram discussion at https://t.me/autoharvest and Chinese Telegram at https://t.me/autoharvest_cn
