Hotpot Weekly 56th Report
Dear Hotpot Fans，
Welcome to the 56th weekly report of the Hotpot Sets. We will continue to output the project’s operation and technology development progress for you, hoping to help you understand the Uniswap V3 platform in DeFi filed, and we wish providing you the first-hand market dynamics and better Defi investment decisions.
May 9, 2022 to May 22, 2022
Last Friday, the Ethereum mainnet set fee has accumulated a total of $28,953.33, which is still increasing compared to the previous two weeks. The accumulated fee income of Polygon set has reached $568, which has been outside the range in the past week, the SET manager will adjust the position range according to the actual changes in the currency price.
LUNA “diving” recently has caused panic in the currency circle market. The digital currency has fallen collectively, ETH it is also forced to hover at the $2K level. Fortunately, Ethereum officially announced that the public testnet Ropsten and POS merged to give users a boost. However, we hope users not to be easily influenced by EMO sentiment, and users who are optimistic about Ethereum are advised to hold ETH .
Last week, there was an incident of V2 user’s assets being arbitraged on the platform. The user performed a fund withdrawal on May 18, however, the hacker’s arbitrage robot hit the price to 31U/ETH before he traded. When the user traded, only 42U of $2500 was finally received, which made him suffered a lot of losses . We took timely safety measures, and also made up for all the losses of users.
Due to market price fluctuations, blockchain arbitrage hacking are rampant. We reiterate that users who invest in Hotpot V2 should not withdraw recently, and we will remind you to withdraw at the suitable time.
If users who invest in Hotpot V2 have to withdraw by themselves, it is recommended to use the https://rpc.flashbots.net node (provided by flashbots that does not use the public trading pool), and we are not responsible for any transaction losses (PS: Hotpot V3 version is not included).
In addition, on May 19, Ethereum officially announced that the testnet Ropsten will merge with Pos in early June. They said that this is the final preparation before the mainnet can switch to the proof-of-stake consensus. Whether ETH will usher in a different development after that ,Let’s stay tuned.
The platform operates routine maintenance and updates.
Let the professionals handle professional issues.