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ID:

saffron-finance-433

Date:

Status:

Incident Count:

November 30, 2020

Unverified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

50,000,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Staking

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

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Days in Operation:

0

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DeFi asset mortgage platform Saffron Finance issued an announcement stating that Epoch 1 redemption errors caused by contract loopholes resulted in 50 million DAI deposits deposited by Epoch 1 being locked for 8 weeks. The team is currently working on an emergency fix to solve this problem and will transition to Epoch 2. Saffron Finance is a DeFi asset mortgage platform released by an anonymous team. The token is SFI, allowing liquidity providers to select customized risk exposures to obtain returns. In each cycle, users can choose different risk-return combinations (A, AA, S) on Saffron to provide liquidity. A cycle of 14 days (LP locks within 14 days). After the cycle ends, users can remove liquidity and obtain Interest and prorated SFI.

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