BACKGROUND
Cashio decentralized stablecoin platform fully backed by the interest-bearing Saber USD liquidity provider token. Allows users to do two things
● Print the USD-pegged stablecoin — $CASH by depositing the corresponding value of stable pair LP tokens as collateral.
● Burn $CASH to redeem the underlying LP tokens.
Cashio provides a trustless, decentralized stablecoin that boosts returns on CASH LP pairs due to strategically targeted reward token incentives for CASH LP farms through Sunny, Sabre and Tribeca Protocol Gauges on COW.
Cashio app provides a simple interface to increase the earnings of stablecoin pairs:
- Deposit stable currency liquidity into Sabre in exchange for LP tokens.
- Deposit LP tokens to Cashio to print $CASH.
- Deposit $CASH with other stablecoins to Sabre to get $CASH LP tokens
- Participate in governance to further increase the adoption of $CASH
On March 23, 2022, Cashio claimed that it was hacked and the contract had a casting failure, declared that users should not mint any funds, and urged users to withdraw assets in the pool.
The attack occurred on the Solana chain. The main attack information is as follows: Attacker wallet address:
The attacker creates the Token contract address:
Attack transaction:
Vulnerable contract:
