Concentric is a DeFi protocol that aims to automate and simplify liquidity management in decentralized exchanges (DEXs).
Moving Forward with Concentric
Moving Forward with Concentric If you have not read the post-mortem, a Concentric developer was social engineered to download a piece of software that contained malware that allowed the counterparty to access our deployer keys, upgrade the vault implementations and mint vault tokens to burn and withdraw the funds in our vault contracts. It was suggested in our contract audits to convert the deployer to a multi-sig. We acknowledged this comment but unfortunately did not fast-track its developm...
Moving Forward with Concentric
Moving Forward with Concentric If you have not read the post-mortem, a Concentric developer was social engineered to download a piece of software that contained malware that allowed the counterparty to access our deployer keys, upgrade the vault implementations and mint vault tokens to burn and withdraw the funds in our vault contracts. It was suggested in our contract audits to convert the deployer to a multi-sig. We acknowledged this comment but unfortunately did not fast-track its developm...
Concentric Immediate Post-Mortem
Concentric Security Breach Post-Mortem Report Overview of the Incident Concentric experienced a significant security breach stemming from a social engineering attack. This incident severely compromised our operational integrity and led to a considerable financial loss, deeply affecting our community's trust and the overall stability of our protocol. Initial Breach and Attack Methodology The breach originated with a targeted social engineering attack against a team member, with access to ...
Concentric Immediate Post-Mortem
Concentric Security Breach Post-Mortem Report Overview of the Incident Concentric experienced a significant security breach stemming from a social engineering attack. This incident severely compromised our operational integrity and led to a considerable financial loss, deeply affecting our community's trust and the overall stability of our protocol. Initial Breach and Attack Methodology The breach originated with a targeted social engineering attack against a team member, with access to ...
Concentric 102
Concentric 102: Vault Design A simple fact that everyone knows, but few people understand: LP’ing your tokens is easy, but doing it correctly is very difficult. Anyone can make a deposit to Uniswap or Camelot, but without constant management, you’re actually leaving a ton of yield on the table. What if we told you that with a better strategy, your APY could be double or even triple what you’re currently earning? This is exactly why Concentric is introducing its flagship product: zero effort v...
Concentric 102
Concentric 102: Vault Design A simple fact that everyone knows, but few people understand: LP’ing your tokens is easy, but doing it correctly is very difficult. Anyone can make a deposit to Uniswap or Camelot, but without constant management, you’re actually leaving a ton of yield on the table. What if we told you that with a better strategy, your APY could be double or even triple what you’re currently earning? This is exactly why Concentric is introducing its flagship product: zero effort v...
Concentric 101
Concentric 101 In theory, providing liquidity to Concentrated Liquidity Market Makers (CLMMs) is a great way to earn passive income - just deposit your tokens and watch the swap fees roll in. However, managing your liquidity position can be a hassle. That’s because when you deposit liquidity, you only earn fees when the price of the LP pair falls within a predefined range. If it goes outside that range, you don’t earn anything and your tokens sit idle. Consider this example. If you deposit in...
Concentric 101
Concentric 101 In theory, providing liquidity to Concentrated Liquidity Market Makers (CLMMs) is a great way to earn passive income - just deposit your tokens and watch the swap fees roll in. However, managing your liquidity position can be a hassle. That’s because when you deposit liquidity, you only earn fees when the price of the LP pair falls within a predefined range. If it goes outside that range, you don’t earn anything and your tokens sit idle. Consider this example. If you deposit in...
