Popsicle Finance Post Mortem- After Fragola Hack

What actually happened?

  1. Funds from the user go straight to UniV3.
  2. Popsicle Liquidity Provider (PLP) shares are then given to the user.
  3. The contract is given info about the user, how much he put in, and states when he deposited.
  4. The contract checks the user's position and how much fees he has earned proportionally to the total pool.
  5. The contract gives out the fees based on the set parameters.

So, now what?

What to do if you have LPd?

Now to address the lost funds:

  1. Increase Popsicle Protocol Fees from 10% to 15%, where 5% goes to the lost fund pool.
  2. Use the tokens that are still allocated to the team to stake as nICE and all the earnings from that paid to the lost fund pool.
  3. Issue a debt token.
  4. Use team & DAO funds as collateral to borrow money to pay back in a scaled way over the time frame of a year or more.

Final Words

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Popsicle Finance is a multichain yield optimization platform for Liquidity Providers. Turn on our auto-pilot, relax, and boost your yield.

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Popsicle.Finance

Popsicle.Finance

Popsicle Finance is a multichain yield optimization platform for Liquidity Providers. Turn on our auto-pilot, relax, and boost your yield.

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