Dear Pickle Nation,
Thank you to everyone for participating in the content challenge! We are blown away by the overwhelming response to this! Thank you for you patience in regards to announcing winners. As you may know, Pickle has had a lot going on these past few weeks.
Over the course of the #PickleChallenge, we received over 500 amazing submissions from the Pickle community from across the world. Getting to the list of winners was no easy task.
Based on the results from the final Snapshot vote and the primary Discord vote, the 20 winners of the challenge are as…
This blog post will be updated as new events develop.
Technical details of the hack have been published by Banteg in collaboration with the Pickle Finance team and a number of other white hats. We encourage all who are interested in the matter to read that document.
At 2020–11–22 3:15 PM (UTC), a Timelock transaction was executed to grant the Pickle Finance Governance multi-sig wallet the ability to immediately revoke the offending code.
At 2020–11–22 3:16 PM (UTC), the offending proxy logic was revoked from the Controller, which was required for the identified attack vector
Deposits in other Jars may resume safely. However, please refrain from depositing in the DAI Jar for now. …
It’s been a productive month at Pickle Finance. In this issue, we cover:
We understand that yield farming can be daunting for newcomers to DeFi. We’ve now made this easy with our Jar Zapping feature!
If you hold tokenized BTC or stablecoins, you can now earn compounding yield and PICKLE rewards with just a few clicks on a SINGLE page. Here’s how:
Step 1: Deposit your selected tokens
Step 2: Confirm a series of transactions and… Profit!
We at Pickle Finance firmly believe that providing user-friendly solutions will help attract new users to our protocol and to DeFi in general. …
Pickle Finance is excited to announce our first Pickle Community Creative Challenge! We know you love Pickle, now it’s time to tell the world!
The goal of this challenge is to bring awareness to the growing Pickle community and protocol. Pickle Finance launched only two months ago, and now it has a vibrant community with over $100 million deposited into its PickleJars.
Already we’ve received some fantastic contributions to our (p)eco-system including:
Quality is everyone’s responsibility.
— W. Edwards Deming
Pickle Finance has been brining non-stop in the past month. In this issue, we cover:
Our first technical audit report by MixBytes was released last week (specific to the Curve strategy). This was done in preparation for Curve yield boosting (see below). No critical or major issues were found by the auditors, and all minor issues were fixed in subsequent PRs (see report for more details).
MixBytes has also completed a preliminary audit of the rest of our strategies. We are currently working through remediations and a cleaned up second report should be released shortly. After this, we will be receiving a final third report from MixBytes that covers our entire suite. …
They always say time changes things,
but you actually have to change them yourself
— Andy Warhol
Today, we‘re announcing our first single-asset PickleJar:
PickleJar 0.88 (or pJar 0.88 for short) supports DAI deposits and uses a leveraged COMP mining strategy. We’d like to thank Robert Leshner, the founder of Compound Finance for bouncing these ideas with us.
Before we dive in, it’s worth mentioning that the strategy for pJar 0.88 contains novel code and is highly experimental. There is a very real risk that you can lose all of your funds. …
Last week, Pickle Finance underwent a migration of PickleJars due to a procedural error. During this time, we wrote an article describing the situation but lacked the bandwidth to flesh out the details.
Ultimately, there was no loss of funds, and this was not caused by any bugs within the smart contracts. But the community deserves to know more about what happened and the reasons behind it.
This article is an account of the events that transpired, including the technical causes, the fund rescue operation, and a subsequent mitigation strategy to prevent a repeat of similar events in the future.
To start, this next section provides technical context for the cause of the incident. …
Everyone’s funds are now unlocked. We can’t thank everyone enough for their patience in this. This article explains how to claim your entitlements.
Since the old jars are now out of commission, we had to migrate the underlying value from the old jars to some brand new jars.
This means the underlying value of your old pTokens have also been migrated to these new pTokens (which you must claim). There will also be new farms for these new pTokens coming in the next 24 hours.
For each pJar, there is a separate set of instructions.
Once you’ve taken the link to the appropriate Etherscan page (see below), you’ll need to click ‘Connect to Web3’ as a preliminary step and connect your wallet (making sure the connected wallet is the one that’s entitled to funds). …
The course of true love never did run smooth.
— A MIDSUMMER NIGHT’S DREAM, ACT 1 SCENE 1
Today has been a difficult day on the Pickle farm as we continue to work on retrieving existing jar funds for re-distribution. While we are still extremely certain that we can retrieve and unlock all funds to our users, it will unfortunately take a bit more time due to further timelocks which were introduced earlier as a security precaution.
Our expectation is that the issue should be resolved within 24 hours from this posting. But rather than leave the community in the dark, we thought it would be a good idea to talk about what we know of the situation up to this point. …
It’s been a crazy first week at Pickle Finance.
Given the rapid growth of our community, we want to take a chance to reflect on how far we’ve come as a community and share what we have in store for Pickle Finance in the coming weeks.
Community is the lifeblood of any DeFi project. We’re incredibly humbled by how quickly the Pickle Community grew from 0 to 3500 members on Discord, 3800 followers on Twitter, and 1500 members on Telegram in only a week. Thank you for supporting us!
Our passive stablecoin stabilization farm experiment grew from $20M TVL on day 0 to $350M+ TVL at its peak. …