Attention Amp community, we have rebranded the Flexa discord server to Amp. We will also be merging the two Telegram chats, Amp Community and Amp Unofficial Price Chat. The current Amp Community chat will be the only Telegram group going forward.
The Cream Finance team has published their complete analysis of the security incident on August 30, 2021, in which 462,079,976 AMP and 2,804.96 ETH were stolen from the C.R.E.A.M. protocol. As indicated by our initial review, the Amp token contract contains no bugs and was not accountable for this vulnerability. Unfortunately, an oversight in C.R.E.A.M.’s support for ERC777-like tokens (such as Amp) was exploited by the hacker and resulted in loss of assets.
The Cream Finance team is working to deploy a patch that will reenable Amp borrowing and lending, and has committed to a plan for repaying assets to affected users. The Amp team has also coordinated with other protocols implementing Amp to ensure no similar ecosystem risks exist. As DeFi technologies continue to evolve, everyone benefits from the best efforts of transparency and cooperation. We deeply appreciate the hard work of Cream Finance and the broader community in thoroughly and responsibly investigating this incident.
Recently a flash loan exploit was used to liquidate Amp on C.R.E.A.M. Finance. After an initial review, we believe the Amp token contract is functioning as intended. We are working closely with the Cream Finance team to investigate further and will provide additional details as soon as possible.
Flexa is delighted to share that we have added support for the Celo Foundation's Celo and Celo Dollar assets, and that the Valora app will be one of the first apps to adopt the new Flexa Spend SDK. As part of bringing the Flexa and Celo communities closer together, we are also happy to announce that cLabs will be the inaugural recipient of a Flexa developer grant for 10 million AMP, an initiative designed to help support Flexa development activities within the Celo ecosystem. https://medium.com/flexa/bringing-the-flexa-and-celo-ecosystems-closer-together-42217f453437
Yearning for more? Introducing new Amp DeFi integrations in the Yearn Ecosystem on C.R.E.A.M. Finance and SushiSwap. Get all the details (and learn how to participate) in our latest blog post: https://medium.com/amptoken/yearning-for-more-d0f45d3a3b36
Amp is now supported on Zapper! Exchange Amp, provide liquidity, and track stake in the Flexa Capacity contract—all from within the Zapper dashboard. These are just the first of many features we plan to enable for Zapper users. Get started at https://zapper.fi/dashboard, and stay tuned for updates on direct staking and more!
🍣 is served! Amp has been added to SushiSwap’s 60-day Onsen program. Earn SUSHI by adding liquidity to the AMP-WETH pool and staking your LP tokens. Enter the Onsen at https://app.sushi.com/farms/special
New: AMP/USD is now available as a decentralized Chainlink Price Feed, enabling any smart contract to obtain reliable, real-world price data for Amp on demand. Learn more at Chainlink's developer docs: https://docs.chain.link/docs/ethereum-addresses
Tonight: Join Flexa’s Kayla Williams for an AMA with Conflux Network and MoonSwap at 8pm ET on the Amp Discord server (https://amptoken.org/discord)!
We’re looking forward to a great discussion, especially given Amp’s continued popularity on MoonSwap and the recent announcement to double $MOON rewards for the cAMP-cETH pool to 2×.
Great news! The vote to whitelist Amp in Bancor v2.1 has passed unanimously. Amp holders will soon be able to stake and earn AMP on https://bancor.network with single-sided exposure and impermanent loss protection.
Amp is just the second token to be voted in since Bancor v2.1 launched in October. Much love and appreciation to the BNT community for supporting this proposal! 🙌
