March has been a month of heads-down work for the bZx team, from deploying new code to communicating all of our latest updates to the community.
Given everything happening with the Coronavirus, we feel fortunate to have remote operations already in place and the team would like to extend its sympathy to everyone affected by what’s happening.
Read on for the latest from bZx, updates from the bZx blog, and links to some of the excellent media coverage we’ve received over the last month.
Smart Contract Audits
We completed and published our security audits with Certik. Both the protocol and our new flash loan functionality were audited without any critical vulnerabilities found.
The team pushed our audited changes into deployment on March 9, enabling traders to close their positions without having to contact customer support.
bZx is now integrated with Chainlink to protect against oracle exploit attacks and all of our code has now been audited. Read more in our joint announcement with Chainlink.
We also plan to launch an EIP-like system for bringing new features and improvements to the protocol and publish a schedule for planned releases and response plans for dealing with unexpected situations.
From the bZx Blog
We published two updates this month, detailing what happened in the recent exploit and our response to those events.
bZx in the Media
- Messari: bZx looks to rebound after attacks serve as a wake-up call for DeFi
- CoinGeek: DeFi platform bZx to compensate users after successive hacks
- The Block: bZx outlines changes in development framework after DeFi lending protocol exploits
Cofounder Kyle Kistner talked to Blockonomi about our integration with Chainlink to prevent oracle manipulation attacks in the future.
In spite of the difficulties faced by those affected by the exploit, lenders experienced a silver lining as interest rates exceeded 40%, as CEO Tom Bean shared with CoinDesk.
Kyle also recently joined a panel moderated by ConsenSys Head of Global Community and Development Valeria Kholostenko for Monolith’s Digital DeFi meetup.
The bZx team would like to sincerely thank all of the members of our community for their support over the past few months.