So there was a tiny scare on @SiloFinance yesterday on @SonicLabs , well across all the deployments.
"The Silo utility contracts (routers, leverage) have been paused. Silo’s automated monitoring system proactively pauses these peripheral contracts in case of any suspicious activity. Some actions on the Silo UI will not work until the utility contracts are unpaused."
but it's actually a reason for praise.
So Silo uses @HypernativeLabs to scan and pause automatically if it detects threats
One of the curators launched a new contract that accidentally triggered it
People might think this word "accidentally" here is a bug, or a flaw. but i think this is great.
i did not intend to withdraw my assets yesterday, and nor do i today.
Having Panic Pause switches are essential in todays landscape. especially with lenders. Its even more great that its run by bots that are hyper easy to trigger.
6.32K
23
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.