News about Dopple finance

News about Dopple finance

Dopple finance and Twindex are platforms. decentralized Finance, created by Thai people, has suffered up to $500 billion in damages from platform vulnerabilities. The team therefore has issued measures to control the damage as follows.

- Temporarily adjusted the oracle price of KUSD to ＄1

- There is a temporary limit on the amount of DOPX and TWX transfers to 30,000 per transaction in all transactions.

- Buyback and Re-collateralization are disabled. Only the team can use it.

In addition, there are measures to prevent similar incidents from happening again, so the team has increased the safety measures of the assets as follows:

- Fixed the KUSD Oracle price being updated correctly. and increase the accuracy of Correct Time-weighted Average Price when adjusting prices.

- Address restriction on KUSD Oracle price updates.

- Adjusted Target Collateral Ratio to 50% and doubled Multiplier KUSD-t Assets Pools.

- Audit Twindex by Certik and check for vulnerabilities

- Insurance is purchased for the platform.

And this is the Dopple finance news that we have summarized in this article.

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