The various parts of the modular stack have not been equal in terms of attention and innovation. While many projects have innovated on the data availability (DA) and ordering layers, the execution and settlement layers have only recently been part of the modular stack.
JinseFinanceIn any case, such innovation at least adds a lot of positive points to the project.
JinseFinanceOn March 28, 2024, Prisma Finance suffered a flash loan attack, and the project lost approximately US$12.21 million. SharkTeam conducted a technical analysis of this incident and summarized security precautions.
JinseFinanceThe decentralised borrowing protocol has disclosed that 14 accounts have yet to retract the affected smart contract, which led to the exploitation of $11.6 million last week.
KikyoPrisma Finance grapples with a $540,000 risk as a hacker demands team identification, stemming from a recent exploit. Despite efforts to recover, unresolved vulnerabilities persist. The hacker's insistence on transparency adds pressure, while Prisma outlines a recovery plan. Funds conversion and declining trust complicate the situation, emphasizing the need for security and transparency in decentralized finance.
BerniceThe funding structure includes rapid grants (below 20,000 mkUSD), community grants (20,000-100,000 mkUSD), and large grants (exceeding 100,000 mkUSD).
Alex