As you already know, the Cream exploit that happened on Oct 27th has also made an impact on the BarnBridge SMART Yield Cream pools. Some of our community members were drained, losing a significant amount of their net worth.
The Cream team may or may not figure out a way to reimburse the losses. Here’s the latest on it from them:
Despite the fact that BarnBridge is not responsible for this situation, we want to be proactive and lend a hand to our community members who were affected: Ser Gunner, Ser Speculor, Ser Mazza, and that’s just a few…
Considering the above, we are setting a goal to collect $250K (~1/5 of the total loss amount).
Therefore, calling the Amish gang to unite and support the initiative. We suggest the next steps:
- Set up a new Gnosis Safe Multisig (controlled by the core team members) to collect the donations.
- Compile the list of the wallet addresses that were affected by the exploit.
- Run the donation program for 1 month until Dec 1st.
- Based on the collected amount, discuss the distribution mechanics on the community forum or/and in Discord.
Here’s the new DAO multisig address for donations:
We are also building a dedicated website page that will keep track of the collected amount.