Blockchain News

Anyswap Relaunches Multichain Router V3 After Smart Contract Exploit

AnySwap brings back their Multichain router V3 with some important updates.

What Doesn’t Kill You Makes You Stronger

The well-known decentralized exchange (DEX), Anyswap, has relaunched their multichain router version 3 (V3). The news follows a recent exploit against AnySwap, resulting in over $2.3 million in USDC and over 5 million in MIM tokens being stolen. 

Anyswap, just 12 days removed from the exploit postmortem, announced their relaunch on July 23rd via a Medium article. The free trial timeline for their multichain router V3 has been extended to August 15th. The protocol returned stronger after a few weeks and hopes users see their improvements and follow suit.

Source 

Some important pieces of information to keep in mind from the multichain router V3 relaunch:

  • The new BSC anyUSDC LP token address <0x8965349fb649a33a30cbfda057d8ec2c48abe2a2>
  • The new Polygon anyUSDC LP token address <0xd69b31c3225728cc57ddaf9be532a4ee1620be51>
  • Getting assets on the V3 Farming Pool
  • Assets in the Fantom farming pool can be withdrawn when there is enough liquidity
  • Assets in the Polygon farming pool got new LP tokens. Users can remove assets when there is enough liquidity 


Steps Forward

The protocol did not detail the recent exploit or provide information in their multichain relaunch post regarding security updates. The protocol is still employing a bug bounty reward and is open to healthy collaboration to improve decentralized finance.

The ANY token currently trades at $1.49 USD, according to CoinMarketCap. The token now has a market capitalization of $27 million, and the Anyswap DEX sees around $27,000 USD (~1 Bitcoin) in trading volume per 24hrs. The site can also swap over 300 different tokens, exchange major tokens cross-chain.

Hopefully, the Anyswap protocol has taken the necessary steps to bolster its security to ensure future exploits don’t happen again. Users look for a cross-chain exchange should still check this out.


What is Anyswap?

Anyswap is a cross-chain decentralized exchange (DEX) platform that launched in July 2020. The protocol became popular for allowing exchanges between any coins on any blockchain. The protocol leverages Fusion DCRM technology which provides automated pricing and liquidity. 


Where to find Anyswap:

Website | Telegram | Medium | Twitter |   


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