Beanstalk Farms is back online after the $77M governance exploit from April, but the project is still waiting to implement a “secure on-chain governance mechanism.”
Ethereum-based algorithmic stablecoin project Beanstalk Farms has relaunched its protocol just under four months after going offline after suffering a devastating $77 million governance exploit.flash loan attackIn an announcement shared with Cointelegraph, Beanstalk said it has come out of the ordeal stronger than ever, likely in reference to protocol's governance and security.
Publius stated that it has now moved protocol governance to a community-run multisig wallet until “a secure on-chain governance mechanism can be implemented.”
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