Articles about #DEFI

Security audit. Grant by Optimism

03/03/2025

Security audit. Grant by Optimism Leech Protocol Successfully Completes Another Security Audit – Thanks to Optimism Security Grant! We’re happy to announce that Leech Protocol has successfully completed another security audit by Ackee Blockchain Security! 🎉 The audit covered our cross-chain yield farming strategies, ensuring robust security, proper integration, and smart contract reliability. With rigorous testing and quick action on feedback, we continue to uphold our commitment to security and innovation. A huge thank you to Optimism for providing security audit grant, Ackee and our community for the ongoing support! 💪 More details on audit: https://ackee.xyz/blog/leech-protocol-audit-summary/ Optimism grant for LeechProtocol: https://gov.optimism.io/t/cycle-29-final-roundnup/9211 Twitter Facebook Telegram

2024 RECAP & PLANS FOR 2025

08/01/2025

🌟 2024 RECAP & PLANS FOR 2025 🌟 Achievements in 2024: • Integrated KyberSwap, reducing user costs for deposits and liquidity withdrawals, and added new stablecoins for transactions. • Launched a mobile version of app.leechprotocol.com for easier access. • Optimized the frontend, improving website speed and usability by 80%. • Added new wallet connectors, enabling faster deposits with wallets beyond MetaMask. • Improved APR calculation for accurate yield representation. • Integrated Velodrome V3 with three experimental CLMM pools for liquidity. • Supported Venus.io with USDT and DAI pools. • Secured a security audit grant from Optimism, now auditing smart contracts. • Expanded DeFi and farming education through sessions and a campaign with CIRUS Foundation. • Participated in 5+ Web3 Global events and hosted educational sessions with MORPH L2, Hela_Network, 0xNomis, and more. • Established partnerships with zk.Link Nova. Plans for 2025: • Integrate TON blockchain and pools. • Integrate Base blockchain and pools. • Add new pools to supported platforms. • Revamp architecture to align with ERC-4626 standards. • Launch a hedging strategy and a high-yield Uni V3 strategy. • Collaborate with new partners to expand the DeFi Academy and Degen Talks series. • Host AMA sessions focused on farming strategies and DeFi education. • Implement investor outreach initiatives and influencer campaigns to boost Total Value Locked (TVL). • Launch a rewards-based points system to enhance TVL retention. • Aim for a TVL growth milestone of $3M–$5M. Let’s make 2025 even bigger! 🚀 #DeFi #LeechProtocol Twitter Facebook Telegram

msUSD Stablecoin Overview

20/12/2024

msUSD Stablecoin Overview Overview From the user’s perspective, the metronome works a bit similar to the classic lending protocol. The user can deposit his collateral (a bunch of tokens). After this, he can mint synthetic assets using collateral factors, mostly 80-85%. There is no redemption functionality, only to repay the debt. So, the random arbitrager can’t redeem bought tokens and drain the treasury. Reserves Atm: TVL: $24.7M, Minted: $21.1M Funds are separated between 3 chains: eth, opt, and base. Treasuries and Protocol Owned Liquidity. Revenue All revenues move to the treasury, and DAO can use funds treasury as well. PSM Based on arbitrage opportunities: a) all synth assets can be swapped between each other inside the protocol. So if the peg is weak arbitrager can buy cheap assets (e.g. msUSD), swap to a stronger one (msETH), and sell msETH on the market. Such buys will increase the peg. b) if the peg is weak collateral providers can buy back their msUSD to withdraw their collateral and earn profit. Onchain security Each chain operates by the Off-chain governance (snapshot) and 2/4 multi-sig gnosis wallet. Summary pros and cons Twitter Facebook Telegram