Joined August 2024
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Haedal Season is here on Current⛱️

 From June 3 to August 3 8,000 $Sui reward pool.
 90% discount on $haSui - $Sui mulitiply fees.
 Supply $Sui via Main market and Multiply $haSui on Current to qualify.

 Your $Sui can do more than sit still.

 Campaign details below
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Over the last weeks, markets have been extremely volatile. Volatility creates opportunity, but it also increases liquidation risk — especially for leveraged positions. It is time to revisit how liquidation works on Current Details available in gitbook as well: current-finance.gitbook.io/c…
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Soft Liquidation Mechanics Current uses a soft-liquidation model governed by the Close Factor — the maximum share of a position a liquidator can close per transaction. At Close Factor = 20%, 5.0% penalty: liquidator repays 20% of debt, receives 21.0% of collateral. LTV resets. Position remains open.
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Penalty Structure Liquidation penalties are calibrated per asset based on liquidity and volatility. Full parameter documentation → current-finance.gitbook.io/c…
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It's Friday. @Chrisrevault is bringing us a little recap of what Current is. > Lending Market of unlocking capital efficiency for all future assets on @SuiNetwork > First DeFi moonshot program by @SuiFoundation > Loop your yield on stablecoin pairs and yield bearing assets.
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It’s time for machine-speed monitoring. Live protocol status, risk alerts, market status, all are now streaming through @CurrentSUIalert Another solid step in our ongoing pursuit of building the safest protocol on @SuiNetwork — while giving users greater peace of mind. Better follow and turn on the post notification for this one. No resting time, always awake.
[CURRENT::MONITOR] /risk_feed └─ online /protocol_signals └─ connected /status_updates └─ streaming > system online
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Current retweeted
Put your Ember assets to work on @CurrentSUI. Supply supported assets, access borrowing liquidity, and deploy capital through Multiply strategies across eEARN, eSUI, and eTHIRD. Additional SUI incentives are currently available for select strategies. Explore Ember Markets on Current: app.current.finance/market
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3000 $Sui rewards have been airdropped to the 30 winning addresses. If you are eligible, check your wallet for a possible nice surprise.
Are you even a real surfer if you aren’t looping your yield yet? 🌊 We’ve partnered with @CurrentSUI to give Slushies exclusive access to a 3,000 $SUI rewards pool. Boost your bags with the loop strategy and secure your piece of the pie. Check your Slush Wallet today!
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The beginning of agentic surfing start here! More to come. 🏄
DeFi lending shouldn't need a UI tutorial. @CurrentSUI is now a skill in Epoch AI 🟢 — lend, borrow, repay and withdraw on their Main Market just by asking: "deposit 5 SUI on Current" "borrow USDC" "show my Current positions" Non-custodial: you sign every tx in your own wallet. One chat, real on-chain lending on @SuiNetwork. epochsui.com/epoch-ai
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Update✅ $haSui supply has been resumed. Kudos to the Haedal team for the fast and responsible reaction to the incident. Thank you for the patience.
📢 Thank you for your patience. We have completed the Haedal Vault post-mortem report, covering the affected scope, root cause, loss accounting, and current next steps. The total direct loss is estimated at approximately $915,179 (Haedal will cover the user loss). On June 9, we detected abnormal liquidity decline across several Vault pools. To prevent further abnormal activity, we paused the related contracts while investigating the issue. After a thorough diagnosis, we confirmed that the root cause was a hidden cross-version logic issue related to a Vault upgrade deployed at the end of last year. After the newer Vault package was released, older package entrypoints remained callable instead of being fully deprecated through a forced upgrade. This allowed the attacker to mint more Vault LP shares than expected through an older deposit path, then redeem them against the Vault’s underlying assets. The old package, new package, and upgrade had all gone through audit review, and the issue did not surface when each version was reviewed independently. In hindsight, the update should have been treated as a forced upgrade, as keeping older entrypoints callable allowed the hidden cross-version logic loophole to appear. To clarify, the issue was only limited to Haedal Vault. All other Haedal products, modules, and assets remain fully safe and unaffected. We are now working on a patched version, which will go through re-audit and cross-party review before the upgrade and unpause. We are also coordinating with partners on fund tracking and the investigation against the exploiter. As previously stated, all direct losses regarding this incident will be covered by Haedal, and affected users will be made whole. Please rest assured. A detailed fund recovery plan will be shared later once the short-term barriers are cleared. We sincerely apologize for the inconvenience and concern caused. Thank you again for your continued patience while we complete the next steps carefully. 🫡
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>>Current.notification For maximum risk control, we have temporarily pause $haSui supply. Currently in discussion with our risk management partners. All funds are safe. Stay tuned for latest updates.
📢 We recently detected an unusual liquidity decline across a limited number of pools in Haedal Vault. As a precautionary measure, we have temporarily paused the related contract while the team investigates the root cause and prevents any further impact. The impact is limited to a small number of Haedal Vault pools. All other Haedal products and modules remain secure and fully unaffected. All direct losses related to this Vault matter will be fully covered by Haedal. Please rest assured. We will share a more detailed investigation update once the analysis is complete. Thank you for your patience and understanding. 🙏
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What Monday blues? Open multiply strategy in Ember market, receive up to 70 % APR. Reminder, hold your multiply position for extended periods of time to offset the cost of multiply fee.
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All correlated pairs, limited risk exposure, double digit APR $haSui - $Sui 41.9% APR $USDsui - $USDC 25% APR $USDC - $USDsui 32.1% APR TGIF just started to have a different meaning here, with Current.
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Builder mode - on
Bear markets separate the teams who build from the teams who tweet. We chose building. Heads down, every day, on infrastructure most people won't appreciate until the moment they suddenly need it. That moment is coming faster than the market thinks.
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The bar just moved on @SuiNetwork . Institutional-grade coverage, now available on Current Current is now listed on @NexusMutual — the first Sui protocol to earn coverage from DeFi's most rigorous insurer. This is another step in our path to building Current as the safest protocol on Sui. Read below for what it means 👇
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@NexusMutual has been one of the most trusted names in DeFi risk coverage since 2019, covering vanguards like Aave, Morpho, Compound and Kamino. When position size grows, risk management becomes just as important as yield. @NexusMutual coverage gives institutions and large size investors another way to protect capital while participating in Current. Users can request the private Nexus Mutual coverage link through: • Current Discord channel • Current website security page: current.finance/security
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Haedal Season is here on Current⛱️

 From June 3 to August 3 8,000 $Sui reward pool.
 90% discount on $haSui - $Sui mulitiply fees.
 Supply $Sui via Main market and Multiply $haSui on Current to qualify.

 Your $Sui can do more than sit still.

 Campaign details below
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How to qualify for Haedal Season? Maintain an average position of:

 -> Supply 2,000 $Sui via Main market and -> Maintain a 20,000 $haSui position in Multiply

 Eligible users will share the 8,000 $Sui reward pool.

 During Haedal Season, $haSui - $Sui Multiply fees are reduced by 90%, down to 0.01%.
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How to qualify for Haedal Season Maintain an average position of: • Supply 2,000 $Sui supplied • Maintain a 20,000 $haSui position in Multiply Eligible users will share the 8,000 $Sui reward pool. 🟢During Haedal Season, $haSui - $Sui Multiply fees are reduced by 90%, down to 0.01%.
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