Today in DeFi - OUSD Hacked, Sushi Menu, and More

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OUSD Hacked

Nick C. @n2ckchong

Another one bites the dust: Origin Dollar (OUSD) exploited for $2.25m in DAI and $1m in Ethereum. Flash loan attacker/exploiter is already washing the funds via RenBTC.

OUSD, a yield-bearing stablecoin by Origin Protocol, has been hacked for $2.25M.

Matthew Liu @matthewliu

Update on what's happening with the $OUSD hack. The entire @OriginProtocol team is hard at work attempting to recover funds and identify the attacker. We will make this right. We appreciate your patience and support in these trying times. Thank you.

medium.comUrgent: OUSD has hacked and there has been a loss of fundsOUSD has been hacked, and there has been a loss of user funds. We are actively investigating the issue. We are committed to making things right. Please refer to this blog post as the authoritative…

The hack exploited a re-entrancy bug in the code, according to Origin co-founder Matthew Liu. Hacked funds were sent to Tornado Cash, as well as RenBTC. Find out more in the Medium article from Origin.

New Sushi Menu

SushiChef @SushiSwap

SUSHI Rewards have been updated! 1-Click LP migration available : lite.sushiswap.fi/#/migrate New LP can use @zapper_fi ⚡️ Get 🍣 by staking here : sushiswap.fi/pools sushiswapclassic.org/farms #Support available in our Discord! Welcome back & Be safe👩‍🍳 👨‍🍳👨‍🌾🤵

kyoronut | きょろナッツ @kyoronut

UNI "Rewards have ended!" https://t.co/sXYI41S9KU

In the wake of UNI rewards ending, Sushiswap has created a new “permanent menu” which increases rewards for the four pools that lost UNI rewards:

• wbtc/eth

• usdc/eth

• usdt/eth

• dai/eth

If you were previously LPing on Uniswap, it may make sense to switch over.

Nuo Shuts Down

Nuo @getnuo

This is the end of the road for Nuo DeFi. We thank our community for their love and support throughout this journey. As a next step, you are requested to stop your reserves and withdraw funds from Nuo Contract Wallet.

medium.comThe end of the road for Nuo DeFiIt’s time to say goodbye, for now. As we had announced in our previous update, all new orders on Nuo were paused on August 1st, 2020. There have been no new loan or margin trade orders on the…

Nuo Network, one of the first DeFi lending platforms, has officially shut down today. While Nuo Network shuts down, the team has not quit Defi, but rather pivoted. The next steps for the team seem to be Nuo Exchange, as well as Juno, a so-called “Neo bank”.

Ren MultiChain

Ren @renprotocol

The Multichain is here🎉 Bring $BTC, $BCH, $ZEC, $FIL, $DOGE, $DGB, and $LUNA to your #Ethereum or #BinanceSmartChain dApp. medium.com/renproject/the…

medium.comThe Multichain Comes to RenVMToday, we are proud to announce the release of the Multichain into RenVM, and new upgrades to the RenJS library. With this release, a new range of new assets and chains enter the world of…

Ren Protocol has added more chains and assets to RenVM. Digibyte, Doge, Filecoin, and Luna are some of the new assets available on RenVM on Ethereum and Binance Smart Chain.

M&A+zLOT

M&A @mollyandandre

CONTRIBUTION ANNOUNCEMENT: ☯️ M&A + zLOT ⚫️ @mollyandandre fund contributed $100,000 $HEGIC in @zLOTFinance + M&A will pay for zLOT's security audit by @peckshield + M&A acquired 10% of $zLOT total supply: 888 $zLOT (~$1M FDMC) + provided 300K $HEGIC into zLOT staking. ☯️‼️👇

Molly and Andre, a DeFi fund cofounded by Andre Cronje and Molly Wintermute of hegic options, has contributed $100k of HEGIC ,committed to paying for the security audit of zLOT, and bought 10% of zLOT supply.

zLOT is a staking project for HEGIC. While HEGIC has native staking, zLOT allows smaller stakers to stake their HEGIC, getting zHEGIC (tokenized staked hegic) and also earning zLOT rewards.

Find out more in the tweet thread above, keeping in mind that this is unaudited, risky code.

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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned