The security committee for Kava Labs halted the chain to address an inflation bug that over distributes yield farming rewards
According to information from Kava Labs, the company behind a new-generation DeFi platform – the security committee for Kava Labs – announced halted the chain to address an inflation bug that over distributes yield farming rewards.
The Kava chain has been temporarily halted by the safety committee due to a bug that was discovered in Kava 5 release.
User funds are not affected.
A fix is currently being worked on. Will update shortly. pic.twitter.com/8E3sXYUGTB
— Kava Labs (@kava_labs) March 4, 2021
Kava halted after yield farming bug discovered in the latest release
Kava is a blockchain built on the Tendermint consensus algorithm and is also a participant in the Cosmos blockchain interoperability project. Kava’s HARD protocol is its cross-chain currency marketplace that allows users to lend, borrow, and earn money using a variety of digital assets. The Binance-backed chain went live last year and offers productivity farming applications similar to those found in Ethereum’s DeFi ecosystem.
To patch and restart the Kava chain, the development team is asking the validator to revert to an older version of the software, Kava-4, before updating to the new Kava-6 version in about 12 hours.
Kava 5, the software version containing the bug, was released this week, just before the bug was discovered. The security committee for Kava Labs closed the Kava-5 chain at block 459. Kava Labs is planning to replay the state and determine the source of the error.
Kava Labs said:
The high severity bug was paying out liquidity providers on the platform well above expected values. These specific payments are timed, so they cannot be sent to exchanges but only confirmed by their users.
Scott Stuart, the co-founder of Kava Labs, said:
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