Analysis of Security and Differences Between Pendle Yield Amplification Protocol and Penpie by Equilibria
Publication Time:2024-09-04 10:28:09
Golden Finance Report: The Pendle yield amplification protocol Equilibria issued a statement on the X platform, clearly stating that Equilibria performs well in asset security and its smart contract code has significant differences from another derivative protocol, Penpie. Equilibria emphasized that to ensure the stable operation of the platform and the safety of user funds, adding liquidity pools to the Pendle market requires strict approval processes by the core team, and rewards have a waiting period of 7 days to further mitigate potential risks. It is worth noting that although Equilibria and Penpie share some similarities in their business scope, Equilibria ensures its independence and security through various measures, forming a stark contrast with Penpie, which recently suffered a hack resulting in approximately $27 million in asset losses. This highlights the significant impact that subtle differences between protocols can have on user assets in the cryptocurrency sector.
Asset Security
Equilibria
Penpie Hack
Pendle Yield Amplification Protocol
Smart Contract Code