Project has some red flags and multiple users have reported concerns. Be careful.
Magnate Finance (MAG)
Total Value Locked$0
| ||||||||
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| < $0.0001 | |
| Fully Diluted Valuation | $8,514 |
| $14.66 |
Protocol Information
Build a novel lending protocol with a dynamic interest rate model and more capital-efficient risk management pools.
Category:Lending
Development Activity
(updated at 09/09/23)
Weekly commits: 2
Monthly commits: 8
Weekly developers: 1
Monthly developers: 1
Last commit: 2 years ago (2023-09-09)
Methodology
Hacks
Date:8/25/2023 (22 months ago)
Amount:$6.4m
Classification:Rugpull
Technique:Drained Contracts
Chain:Base
Returned Funds:$0
Source