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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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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.
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.
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