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Rekt - TempleDAO - REKT

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DeFi / Crypto - TempleDAO’s STAX was hacked for approximately $2.3M worth of LP tokens. The vulnerable contract had been live for four months. Why did it take so long to be exploited?

TempleDAO’s STAX, was hacked yesterday for approximately $2.3M worth of LP tokens. TempleDAO launched as one of many OHM-forks in the run-up to last year’s market top, before pivoting to stablecoin farm when the Olympus model crumbled. Temple’s current focus is on yield for FRAX3CRV via Convex, and STAX forms part of their “ flywheel system ” as “ a reward boosting liquidity layer for the FRAX/TEMPLE gauge ”. Despite initially establishing a cult-like following, the devotion of their users seems to be waning. The day before the exploit, DCF GOD responded to a TempleDAO community vibe check: ”A

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