Weekly Summary (October 17th)

Highlight of this week

-Protocol Protection is ready to be launched this week!

Other progress

· Tweets: Tweets regarding Protocol Protection are being published to help everyone understand the mechanism better
· Twitter Space: a Twitter Space regarding Crypto Bridge security
· Testnet: we have finished the Protocol Protection testnet completion reward claiming page release

What we’re doing now

Development team

What to expect next week

Protocol Protection will be launched soon, stay tuned!

Feedback column

What is the Payout Mechanism of Protocol Protection?

  1. If Priority Pool A does not have enough amount to cover the payout, then all protection pool LP tokens in Priority Pool A will be burned and the corresponding Shield will be used to payout first. The insufficient part will come out from the remaining Protection Pool funds, but no protection pool LP tokens will be burned. Then, one protection pool LP token can claim less than one Shield, which means all protection pool LPs share the remaining funds.

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