Security Update: Compound Strategies.

31 Aug 2022, 22:02

Security Update: Compound Strategies Our team is continuously monitoring each and every one of the supported yield-bearing strategies for OUSD, and yesterday we became aware of an issue at Compound following an upgrade to one of their ETH price feeds. Out of an abundance of caution, the Strategist multi-sig holders exercised their emergency powers, acting to move all funds from Compound into Aave this morning. The Compound team is fully aware of the issue and has deployed a fix, which will take 7 days to go into effect. No user funds were at risk at any time, and all OUSD funds are safe. While Compound deploys a fix, all allocations for the Compound strategies will be re-routed to Aave. If you have already signaled your preferences for the upcoming week's Strategy Allocation and would like to update your choices, please head over to the snapshot page: Once again, this action was taken out of an abundance of caution, and currently no user funds are at risk on Compound. The safety and security of OUSD's funds are our top priority, and we continue to monitor the situation closely. Once the fix has gone into effect, we will look into reenabling the Compound strategies following a thorough review. To learn more about what happened: To learn more about the OUSD Strategist: