Operation Ark by WePiggy
WePiggy’s core development team will launch an enhanced security solution designed to deal with various extreme scenarios-[Ark Operation].
At present, the entire solution covers three components, namely:
🔸Anti Extreme Market
Limit the Maximum Deposit in a Single Market
Under extreme market conditions, the liquidity may shrink extremely, leading to certain currencies may not be liquidated in time.
To reduce this risk and ensure that protocol assets are always greater than liabilities, the core development team will initiate a proposal to set up deposit caps for several lending markets shortly.
The Industry’s First “Liquidation Alert” Feature
WePiggy’s core development team will launch a new feature “Liquidation Alert”. Users can set up their mailboxes, as long as the used ratio or the borrow APY exceeds the warning value, the early warning system will send an email to remind users to repay or add more collaterals in time to deal with the extreme market urgently.
🔸Anti Flash Loan Attack
Price Feed by Chainlink
By integrating Chainlink, the world’s leading decentralized oracle network, using its highly accurate, available, and anti-interference on-chain prices, the protocol can better resist flash loan attacks, network congestion, and centralized infrastructure disruption.
Real-Time Monitoring of the Main Oracle Price
WePiggy’s core development team has also developed a warning system that compares price information with on-chain price information in real-time. When there is a serious deviation between the main oracle and the system, the system will alert and notify the core development team to take timely measures through various methods.
🔸Anti Front-End Attack
Add Backup Domain Names and Servers
To prevent the domain name blocking caused by force majeure and hackers’ attacks on front-end servers, WePiggy’s core development team has enabled a disaster recovery solution, which is kept secret. In the event of an emergency, users will be guided to use backup domain names.
Blockchain Browser Operation Tutorial
The WePiggy core development team and volunteers jointly wrote a tutorial on how to directly use the WePiggy lending protocol through the blockchain browser. When users cannot access the front-end server, they can interact with the blockchain network through the tutorial.
What is WePiggy?
WePiggy is an open-source, non-custodial, crypto asset lending market protocol. In WePiggy’s market, users can deposit their crypto assets to earn interest, or borrow other crypto assets by paying interest. WePiggy aims to spread the benefits of cryptocurrency’s freedom and transparency to the widest possible user community in a more friendly and simple way, as well as be a good partner for them in wealth management.
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