Layer 2 scaling solution Metis has announced a plan to compensate users affected by last month’s PolyNetwork bridge hack.
The project will distribute 117,000 METIS tokens to impacted community members. At the same time, Metis is implementing an enhanced cross-chain architecture using LayerZero’s OFT model.
Recapping The PolyNetwork Exploit
On July 1st, a hacker exploited the PolyNetwork bridge to mint and drain liquidity pools of 8.8 million METIS tokens on Binance Smart Chain. Metis responded quickly by removing liquidity from PancakeSwap, Stargate, and other DEXes to limit the damage. This left the hacker only able to steal 117,000 METIS from users.
The exploit did not impact the total or circulating supply of METIS on Ethereum or Metis. However, BSC users were affected due to the lack of liquidity for swapping or trading after the hack. To make these users whole, Metis will distribute 117,000 newly created rMETIS tokens.
Compensation Via Vested Token Model
The rMETIS tokens repr
We współpracy z: https://bitcoinist.com/metis-provides-support-for-users-affected-by-polynetwork-exploit-while-improving-cross-chain-structure/
