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ID:

mochi-inu-191

Date:

Status:

Incident Count:

November 16, 2021

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

Dedaub

Loss Amount:

-

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Recovered:

-

Rewards:

Currency:

USD, veCRV

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Protocol

Poor Governance

Extended Method:

Governance exploit

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Days in Operation:

501

(1.37 Years)

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Mochi Inu was a relatively new project in the DeFi space when one of its team members performed an attempted governance hack against Curve. The goal of this attack was to unfairly tilt rewards from Convex Finance, a yield farming protocol built on top of Curve, toward Mochi Inu.

The attempted attack by Mochi Inu was designed to exploit the design of the governance mechanism within Convex Finance. Curve has a token called voting escrow Curve (veCRV), which is a locked version of the CRV token. The veCRV token is designed to allow voting on governance matters within Curve, including the balance of how rewards are distributed to different projects within the protocol.

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