Survive with a broken arm or cash out? DeFi derivatives leader dYdX V3 seeks to sell after being attacked

ChainCatcher news on July 24th, it was revealed that dYdX, the leader in decentralized derivatives trading, is planning to sell dYdX V3 trading software.

But within an hour after the news came out, the dYdX V3 website (dydx.exchange) was attacked by hackers. The hackers first took over the website and then implanted fake phishing website links. Once the user authorized the information, You may encounter the possibility of assets or information being stolen.

As soon as the news of the planned sale of V3 was exposed, its domain name was hacked, and the community speculated whether this was a pure coincidence or a premeditated action.

dYdX’s sale and security turmoil triggered a series of chain reactions. Users and investors showed obvious concerns. The price of the DYDX token fell rapidly in response to the news, falling from $1.45 to a low of $1.23 within the day. The drop exceeded 15%, and the currency price was fluctuating at $1.27 at the time of writing.

Why sell V3? Is the dYdX team going to cash out? Why did the hacker choose this time to attack? Can I still hold DYDX tokens? A series of questions flooded the community chat page.

Intention to sell dYdX V3, not related to dYdX Chain

Bloomberg reported that dYdX is in talks with potential buyers about selling part of its derivatives trading software (dYdX V3). It is reported that Wintermute Trading and Selini Capital are one of the potential buyers of dYdX V3 software, and the specific amount has not been disclosed.

As the leader in derivatives on the DeFi track, the rumor of dYdX selling V3 has attracted widespread attention in the crypto community. Most community users are more concerned. Is the V3 being sold just a trading software or is the entire dYdX brand packaged and sold? Is it because the dYdX team is completely withdrawing? You must know that the V4 version of dYdX Chain launched last year is managed by the DAO community? What impact will the incident have on the overall ecology of dYdX? What impact will it have on DYDX currency price?

In response to the news of the sale of V3, dYdX officially posted a reply on social media. dYdX Trading is exploring strategic alternatives related to V3 technology, which does not include Ethereum smart contracts or other technologies managed by DYDX tokens, and this process It has nothing to do with dYdX Chain, dYdX Chain is the focus of future development.

It added that the dYdX V3 exchange is a trading engine supported by the operating entity organization dYdX Trading. All funds and settlements on V3 occur on smart contracts governed by DYDX token holders, The transaction fees of V3 also belong to dYdX Trading.

With the launch of dYdX Chain in V4, all transactions of dYdX will eventually be migrated to this chain, and all transaction fees paid on this chain will belong to the validators and DYDX stakers.

And emphasized that the dYdX Chain code is open source and completely decentralized, which is more in line with the development concept of DeFi products. In the future, it will focus on building products around dYdX Chain.

Regarding the official statement of dYdX, community user Bobo concluded to ChainCatcher that it seems that the rumors of dYdX selling V3 are true, but it only sells V3 trading software, which has little impact on dYdX Chain, and dYdX The current main business focus is also dYdX Chain, and the currency price of DYDX is also directly related to the fee income of dYdX Chain.

User @atg1688 also stated that dYdX only sells V3 trading software, which is owned by the organization dYdX Trading, while dYdX Chain is run by the dYdX Foundation, and the impact is not significant.

The V3 domain name vulnerability that has been warned for a long time was finally invaded by hackers

However, less than an hour after dYdX V3 was revealed to be negotiating for sale, the V3 domain name was discovered to have been attacked by hackers.

On July 24, dYdX officially issued a reminder that the dYdX v3 website domain name (dYdX.exchange) has been compromised. Please do not visit the website or click on any links. However, dYdX v4 has not been affected.

Hackers successfully invaded by exploiting vulnerabilities and tampered with the DNS records of domain names, causing users to be redirected to malicious websites when accessing dYdX V3. Users encountered phishing attacks when accessing malicious websites, and some users' private keys and assets were lost. It will most likely be stolen.

Fortunately, in this hacker attack, only the network domain name became the target of the attack. The underlying smart contract was not attacked. User funds on the dYdX platform were not affected. Now the dYdX V3 domain name vulnerability has been repaired and the website has returned to normal. Running, dYdX said that neither the dYdX Chain, the dydx.trade website, nor the V3 protocol were affected by the attack.

However, community users are not satisfied with dYdX’s vulnerability handling.

Because as early as July 11, users had already reminded that the dYdX domain name has the same vulnerability as Compound and Celer protocols. However, after dYdX officially responded that no loopholes or security issues had been found, there was no follow-up and no relevant countermeasures were deployed in advance.

Oleh itu, sesetengah pengguna menganggap serangan penggodam ini sebagai amaran terhadap peninggalan dYdX.

Namun, kebetulan yang sempurna antara masa penggodam memilih untuk menyerang nama domain dYdX V3 dan apabila berita penjualan V3 didedahkan membuatkan pengguna komuniti terpaksa tertanya-tanya sama ada ia telah dirancang terlebih dahulu.

Sesetengah pengguna berkata apabila dYdX V3 dikompromi oleh penggodam semasa merundingkan penjualan perisian, dYdX terpaksa berhadapan dengan kedua-dua krisis keselamatan dan kemungkinan transaksi perniagaan dYdX hanya membunuh dua burung dengan satu batu.

DYdX menjual V3 untuk "tunai keluar" atau untuk pembangunan ekologi?

Berbanding dengan serangan keselamatan ini, pengguna lebih keliru tentang niat dYdX untuk menjual V3. Mengikut pelan asal dYdX, selepas versi V4 dYdX Chain masuk dalam talian tahun lepas, semua urus niaga akan dialihkan sepenuhnya kepada V4, dan V3 akan ditinggalkan secara perlahan Walau bagaimanapun, kini dYdX cuba menjual V3.

Dalam medan DeFi, transaksi jual beli projek secara keseluruhan jarang berlaku kerana kebanyakan projek menggunakan perisian sumber terbuka, yang bermaksud bahawa orang lain boleh menggunakan, mengubah suai dan membina semula tanpa membelinya sama sekali.

Seorang pemain DeFi OG mengeluh kepada ChainCatcher bahawa dalam industri DeFi sejak sekian lama, dia telah melihat platform ditutup, orang menjual syiling untuk memusnahkan pasaran, dan orang yang melarikan diri adalah orang pertama yang menjual platform dagangan secara langsung.

Walaupun dYdX V3 ialah versi lama produk, prestasi data transaksi platform masih mengagumkan. Menurut statistik DeFiLlama, platform V3 dijangka menjana pendapatan kira-kira AS$18.67 juta tahun ini.

VanEck menganggarkan dalam laporan Mac lalu bahawa platform V3 akan menjana yuran $137 juta pada tahun 2022.

DeFiance Capital juga secara terbuka menyatakan tahun lepas bahawa walaupun produk dYdX V3 pada dasarnya tidak mempunyai pasangan dagangan dan ciri baharu yang dilancarkan selama lebih setahun, bahagian pasarannya masih melebihi 50%.

Menurut data DeFiLlama, volum dagangan derivatif mingguan dYdX V3 masih purata AS$1.5 bilion, dan volum dagangan mingguan pada Rantaian V4 dYdX ialah kira-kira AS$5 bilion.

Data CoinMarketCap menunjukkan bahawa pada masa ini dalam landasan derivatif terpencar, dYdX V3 masih berada di kedudukan antara dua teratas dari segi volum dagangan.

Menurut analisis oleh firma risiko kripto Gauntlet, platform V3 kekal menarik kepada pedagang disebabkan kecairan yang lebih tinggi bagi token tertentu pada platform pada V3 dan kegelisahan yang dihadapi pedagang pada dagangan besar.

Pengguna Bobo juga menyebut kepada ChainCatcher bahawa versi V3 yang paling dia gunakan masih versi V3, dan dia jarang menggunakan V4 kerana volum dagangan aset dan kecairan versi ini nampaknya sangat rendah.

Dari sudut ini, dYdX V3 masih menjadi cash cow yang berterusan Khabarnya transaksi perniagaan jualan V3 ini akan mencecah ratusan juta ringgit.

Sejak dilancarkan pada rangkaian Ethereum pada 2017, di bawah dasar insentif perlombongan kecairan semasa tempoh Musim Panas DeFi, perniagaan telah berkembang pesat, dan produk dYdX juga telah mengalami banyak perubahan besar Produk ini telah dinaik taraf daripada V1 awal kepada versi V5 hari ini, selepas melarikan diri dari Ethereum, dYdXChain telah dilancarkan dan menjadi raja.

Namun, perkembangan perniagaan dYdX agak berbeza daripada trend harga mata wang DYDX Harga mata wang DYDX telah menjunam daripada paras tertinggi AS$27 pada tahun 2021, dengan titik terendah jatuh kepada sekitar AS$1.005 berkali-kali turun naik dan turun pada AS$1.25 Berbanding dengan harga mata wang Ia telah jatuh 95% daripada titik tingginya.

Walaupun selepas pelancaran V4 dYdX Chain, semua pendapatan yuran transaksi dalam rantaian akan menjadi milik pengguna ikrar token DYDX, dsb., memberikan lebih pemerkasaan, tetapi ia tidak akan memberi kesan kepada harga mata wang.

Terdapat dua pandangan utama mengenai penjualan V3 dYdX Satu pandangan negatif bahawa pihak projek ingin tunaikan, dan satu lagi pandangan positif bahawa dana yang diperoleh oleh pihak projek daripada jualan ini akan memberi manfaat kepada pihak projek. pembangunan keseluruhan dYdX.

Bobo berkata jika dYdX melaburkan dana jualannya ke dalam ekosistem dYdX, sudah pasti ia akan menjadi perkara yang baik.

Beliau menjelaskan bahawa sebagai syarikat DeFi yang berkembang pesat, dYdX memerlukan sejumlah besar dana untuk menyokong penyelidikan dan pembangunan teknologinya serta pengembangan pasaran Menjual platform V3 boleh mengumpul sejumlah besar dana untuknya, membantunya menumpukan tenaga dan sumber dan meningkatkan daya saing keseluruhannya.

Dalam jangka masa panjang, penjualan platform V3 juga mungkin memberi kesan positif terhadap nilai token DYDX Dengan memperoleh sejumlah besar dana, dYdX boleh meningkatkan lagi teknologi dan perkhidmatannya serta meningkatkan daya saing pasaran, sekali gus meningkatkan. nilai jangka panjang token DYDX.

Beliau juga mengingatkan untuk penjualan dYdX V3 sekarang, pegawai itu tidak memberitahu sama ada dana yang diperoleh selepas jualan akan dipoket oleh pasukan sendiri atau digunakan untuk tujuan lain.

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