Protocol Information
Lend to Ascend, Borrow for Tomorrow. Revolutionary Lending Platform
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubHacks
Date: Jan 28, 2022
Amount: $80m
Classification: Input Validation
Technique: Missing Input Validation
Chains: BSC
Bridge Hack
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Qubit's TVL?
Qubit currently has $17,699.73 in total value locked. TVL has increased 17.2% over the past 30 days.
What chains does Qubit operate on?
Qubit operates on 2 chains: Kaia and BSC. BSC holds the largest share at 77.4%.
How does Qubit's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Qubit ranks #310 by TVL. The category holds $49.601b across 515 protocols, and Qubit accounts for <0.1% of that total. Other leading protocols include Morpho Blue, BiFi, Avalon Finance, Aave V3, Venus Core Pool, Lista Lending, Euler V2, TermMax, Gearbox, and Native Credit Pool.
Has Qubit ever been exploited?
Qubit has 1 recorded security incident. The most recent incident occurred on Jan 28, 2022 and involved $80m. It was classified as Input Validation.