Compound Finance users received extra rewards at $80 million – Bits Media

DeFi Compound Finance protocol update released a few hours ago encountered a bug, due to which users received extra rewards for $80 million.

In the update, the proposal was accepted, which changes the distribution of COMP token rewards among providers liquidity and users. If earlier the distribution was in the proportion 50/50, Then the calculation is now carried out in terms of the ratio of loans and liquidity.

The error in the Comptroller contract led to, that some users were able to receive excessive awards. Users have already transferred the unnecessary tokens to their wallets Comp. $50 million.

“An unusual activity was recorded in the distribution of COMP after activation of the update. Safety users, Our team explores inconsistencies in the distribution of tokens ", - said in the message Compound Finance.

As Robert Leshner later reported (Robert Leshner), The founder of the Compound Labs protocol developed, They were at risk 280 000 COMP tokens for the total amount $80 million. At the same time, the team has no way to prevent the further distribution of tokens:

“There are no administrator rights or other tools to turn off the distribution of computers COMP. Any changes in the protocol should take place a seven -day approval process, To be activated ".

Recall, that the Compound Finance is one of the largest lending protocols. Now the project has blocked assets for $9.97 billion. In November last year, users' positions were eliminated in the protocol $89 million due to outage of Coinbase price oracle for DAI token.