Sunday, May 26, 2024
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After Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation

Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed.

With the pause, users will not be able to deposit’s YFI (YFI), 0x’s ZRX, Basic Attention Token (BAT (LON:)) and Maker’s MKR (MKR) as collateral to take loans.