Duel Network Announcement - Duel Network - Medium
Dear Duelists, We detected unusual price movements in the Duel token price in the morning hours. While our technical team was doing the necessary checks, they noticed that Duel Network’s technical wallets were attacked on BNB Chain. The moment we detected this attack, we secured all our wallets. There have been no problems with any of Duel Network’s smart contracts. As a result of the attack, $19,000 worth of BNB/DUEL liquidity was damaged as a result of the exploit. We are very sorry for thi...
Duel Network Announcement - Duel Network - Medium
Dear Duelists, We detected unusual price movements in the Duel token price in the morning hours. While our technical team was doing the necessary checks, they noticed that Duel Network’s technical wallets were attacked on BNB Chain. The moment we detected this attack, we secured all our wallets. There have been no problems with any of Duel Network’s smart contracts. As a result of the attack, $19,000 worth of BNB/DUEL liquidity was damaged as a result of the exploit. We are very sorry for thi...
Why Djed Should Be Referred to as an Overcollateralized Stablecoin and Not an Algorithmic Stablecoin
As we approach the launch of Djed, we believe it is important to educate more on the category of stablecoin to which Djed belongs. According to its design, $DJED should be referred to as an overcollateralized stablecoin, and not as an algorithmic stablecoin, as also described by Shahaf in his recent video. Here is why: There are three main types of stablecoins namely: Fiat backed, Algorithmic and Collateralized stablecoins. Fiat backed stablecoins are centralized, and their scale factor is 1,...
Why Djed Should Be Referred to as an Overcollateralized Stablecoin and Not an Algorithmic Stablecoin
As we approach the launch of Djed, we believe it is important to educate more on the category of stablecoin to which Djed belongs. According to its design, $DJED should be referred to as an overcollateralized stablecoin, and not as an algorithmic stablecoin, as also described by Shahaf in his recent video. Here is why: There are three main types of stablecoins namely: Fiat backed, Algorithmic and Collateralized stablecoins. Fiat backed stablecoins are centralized, and their scale factor is 1,...
