Week in Review – August 24

Table of Contents

Basic Updates

Flamingo Finance suffered an exploit this week that drained a lot of the platform’s remaining TVL. In response to the maintainers, an attacker exploited a flaw in how the lending contract interacts with the staking contract, inflicting rewards to be miscalculated and permitting them to mint a considerable amount of FLM. That FLM was then bought throughout FLM swimming pools, collapsing the FLM value and draining a lot of the remaining belongings, together with fWBTC, FUSD, and bNEO. The maintainers have been clear {that a} full autopsy continues to be underway, no conclusions are ultimate, and the crew continues to be working to find out what stays and what’s functioning as meant.

Neo co-founder Da Hongfei introduced that a number of cross-chain bridges will quickly assist USDC transfers to Neo X through Chainlink CCIP. He added that extra stablecoins are deliberate.

COZ introduced MONOPOLY Expertise: Tesouros do Brasil, an in-person interactive expertise constructed on Neo. The challenge invitations people to take part on a journey by means of Treasury Rooms that remember Brazil’s 5 areas, the place each consumer may have non-fungible merchandise to trace their journey and file their selections made all through the activation.

NeoPod distributed its first payouts to group members since relaunching earlier this yr, averaging roughly US $15 per claimer, with the very best particular person payout reaching roughly $50. The Aug. 28 milestone caps a five-month stretch during which the group ambassador program has rebuilt its platform, hosted six AMAs, and begun pursuing a proper governance function by means of GrantShares. On the time of press, the proposal has garnered 4 sure votes and desires another to succeed in quorum. Voting ends on Sep. 4.

nDapp reported the weekly N3 $GAS check-in. Community customers claimed 82,163 $GAS this week, whereas on-chain exercise burned 959 $GAS.

Frank Coin hosted a Neo trivia contest, rewarding the highest participant 100 FRANK and every of the highest 10 gamers 40 FRANK.

NNT hosted a GasBot Trivia spherical the place members competed for a pool of 4 $GAS.

Developer Updates

Neo SPCC shipped upkeep updates to 2 NeoFS infrastructure parts, the Neo Exporter monitoring device and the locode-db geographic location database, aligning each with the newest ecosystem dependencies.

R3E Community launched an AI-driven improve to Neo OS Explorer at neo3scan.com. The explorer covers Neo N3 and Neo X addresses, transactions, contracts, tokens, and blocks, explaining on-chain exercise and mapping relationships quite than simply returning uncooked information. Moreover, R3E Community introduced tackle occasion subscriptions on neo3scan.com. Customers can monitor transactions, NEP-17 and NEP-11 transfers, and ViewChange alerts on N3 MainNet or TestNet through electronic mail.

Neo group developer Chris Schuchardt submitted a pull request restoring VS Code compatibility for the N3 Visible DevTracker extension. The PR addresses empty studios, deploy faults, lacking wallets, and disappearing toast notifications that had made Neo Specific troublesome to make use of.

NNT Catch Up

NNT hosted Crypto Espresso and Blockchain Beer Areas #107 on the official The Good Financial system Podcast X web page. Subjects of dialogue included what an ecosystem pursuing AI as a vertical may appear like, the state of AI within the Neo ecosystem, an summary of SpoonOS, the present state of x402 adoption, and the way different ecosystems are going after AI.