EQUALIZER EXCHANGE

DESCRIPTION OF EVENTS

"Equalizer was derived from the initial concept of Andre Cronje. The mechanism that was used to create a perpetual decentralized exchange was unique and ingenious. The launch of this platform is to take the concept and apply it to a more natural style DEX. Equalizer will become the trading mechanism for the Fantom network, utilizing the Solidly perpetual model with some tweaks to fee structures and emissions."

"The perpetual model is the first of its kind that can sustain an emission token price. The problem that is tackled here, is to create an equalized effect across the rewards for token holders and the incentive for LP providers. Our model supports this as it rewards liquidity with a valuable token, that devices an income similar to the Curve model. The fee structure ensures that the utility and reward for holding and locking the token is high enough to support the required liquidity to succeed in low slippage trades."

"Charging a low fee (E.g. 0.01%) is a flawed concept, unless the volume warrants the incentive required to hold enough TVL, especially for volatile pairs. This in turn, creates a spiral in the native token price destroying the platforms’ ability to maintain liquidity. Now, who really cares about a fee of 0.01% if the slippage in the trade is 2% or 3%. Hopefully now you are starting to see the necessity of maintaining a fee that supports low slippage trades. This in turn provides a better result and experience for the trader."

"On May 14th, the decentralized trading protocol Equalizer Exchange within the Fantom ecosystem was suspected to have been attacked. The official team tweeted that they are investigating the incident and advised users not to interact with the Equalizer Exchange frontend. On May 15th, Equalizer Exchange announced that the domain has been restored."

"Please do not interact with http://equalizer.exchange front end at the moment. We are investigating and will report back."

"http://Equalizer.Exchange has been restored.

We have recovered the domain and the dapp is now working along with its sub domains.

Please clear your cache and cookies, ensuring you are transacting with our dapp and contract set."

"THis is the scam contract, 0x9669295cd350Fd28e3745b3163ed394133269DC3 Help me please, i loss all my tokens"

"I loss my Token, 0x9fa7bb759641fcd37fe4ae41f725e0f653f2c726"

"Why you didn't compensate clients that are affected by this?"

The Equalizer Exchange is a unique concept decentralized echange which has a better fee model to incentivize more liquidity. On May 13th, 2024, the team tweeted to notify users that they should stop interacting with their primary domain name. It appears that the domain was likely hijacked, as they subsequently launched mirror platforms on other domain names. The service does not appear to have made any efforts to compensate users nor track how much was taken.

SlowMist Hacked - SlowMist Zone (Jun 4)
@Equalizer0x Twitter (Jun 5)
https://equalizer.exchange/ (Jun 5)
Welcome to Equalizer | Equalizer Docs (Jun 5)
@Equalizer0x Twitter (Jun 5)
@BlocmediaCH Twitter (Jun 5)
@Equalizer0x Twitter (Jun 5)
Twitter (Jun 5)
Twitter (Jun 5)
Contract Address 0x9669295cd350Fd28e3745b3163ed394133269DC3 | FTMScan  (Jun 5)
Address 0x9fa7bb759641fcd37fe4ae41f725e0f653f2c726 | FTMScan  (Jun 5)
Twitter (Jun 5)
Twitter (Jun 5)
Fantom Transaction Hash (Txhash) Details | FTMScan  (Jun 5)
Fantom Transaction Hash (Txhash) Details | FTMScan  (Jun 5)

More case studies

PI Network On
Polygon Rug Pull

Predy Finance Contract
Callback Vulnerability