QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
$33 000 USD
DECEMBER 2024
GLOBAL
MAAT PROTOCOL
DESCRIPTION OF EVENTS

MAAT Protocol was developed as an omnichain meta-yield aggregation platform with a built-in portfolio management feature, leveraging LayerZero V2 and Stargate V2 technologies. In its MVP stage, the protocol aggregated yields from various platforms, such as Yearn Finance and AAVE, to help users access the best yield sources automatically. MAAT reallocated funds to the most profitable strategies as yields change, ensuring optimal returns for users without requiring manual intervention.
The protocol emphasized security by utilizing smart contracts to protect user funds, and all deployed contracts were available for public inspection, offering transparency and assurance. Looking ahead, the roadmap for MAAT’s V1 version included improved yield aggregation, enhanced user experience, new yield strategies, and aggregator integrations. The V1 update will also feature a comprehensive dashboard, automated notifications, and streamlined management tools to provide users with an efficient and secure yield optimization experience across multiple chains.
"The root cause lies in a rounding error within the convertToShares() function. When a user redeems 1 share, the function calculates the burnable token amount by rounding down, resulting in a value of 0."
"Our system has detected multiple suspicious undergoing attack involving #Stargate @StargateFinance on #BSC, resulting in an approximately loss of $32.8K so far."
It appears that the MAAT Protocol Twitter account has been updated to remove all tweets, including the tweets about the incident. The MAAT Protocol website does not display any information about the project and appears to request users to connect their wallet for early access. Some documentation about the protocol was still found online.
MAAT Protocol was an omnichain yield aggregation platform that automatically reallocated funds to optimize returns using LayerZero V2 and Stargate V2 technologies. It emphasized security with smart contracts and transparency. The protocol faced an issue with a rounding error in its convertToShares() function, affecting share redemptions. The MAAT Protocol Twitter and website removed content, and the project’s current status is unclear, though some documentation remains online.
@maatprotocol Twitter (Jan 22)
@maatprotocol Twitter (Jan 22)
Omnichain Frens · Luma (Jan 22)
MAAT Finance (Jan 22)
MAAT Finance (Jan 22)
MAAT Finance (Jan 22)
Introduction | MAAT Finance (Jan 22)
MAAT | MAAT Finance (Jan 22)
Introduction | MAAT Finance (Jan 22)
BNB Smart Chain Transaction Hash (Txhash) Details | BscScan
(Jan 22)
@Hermione7812 Twitter (Jan 22)
@rahulbarmann Twitter (Jan 22)
@maatprotocol Twitter (Jan 22)
MAAT (Jan 22)
MAAT (Jan 22)
MAAT (Jan 22)
MAAT (Jan 22)
MAAT (Jan 22)
