YOLO GAMES

DESCRIPTION OF EVENTS

"THE HOME OF DEGEN GAMING The only venue for serious degens seeking serious rewards. Built by a veteran team with a track record of delivering provably fair, fun on-chain games and innovative reward systems."

"Provide liquidity to earn games fees and Droplets. Droplets earn you reward at the end of the season!"

"In games where you play against YOLO Games (versus PvP experiences), you effectively play against a Liquidity Pool (ETH or YOLO). This pool ensures that winners can be paid out without severely impacting the LP’s available funds."

"Add YOLO to the LP to earn Droplets. Not to be confused with Points (earned by gaming and completing challenges), these units will also earn YOLO at the end of the respective Season."

"Liquidity Pools have an edge over the player of 1-2% — which means that, over time, depositors can expect a steady increase in their YOLO position."

"$1.5 million was stolen from the liquidity pool on the Blast network’s gaming platform YOLO Games. The root cause was the lack of permission checks in the "exitPool" function, allowing anyone to impersonate liquidity providers and drain the pool. The attacker has already returned 90% of the stolen assets."

"$1.5M was hacked from the liquidity pool of @YOLO_Blast on @hiBazaar right after the UwU incident today. The root cause is no permission check in the `exitPool` function, allowing anyone to impersonate liquidity providers and drain the pool"

"$1.5 million"

"Due to a reported security vulnerability on the Bazaar LBP smart contract, the YOLO LBP sale has ended ahead of time. Users will not be able to participate in the LBP any further. Any users holding rYOLO from purchasing during the sale will receive an ETH refund based on the amount spent, to be collated over the next few days.

We will provide further updates as we investigate the issue with the Bazaar and Blast teams."

"Full refunds have been sent to all participants of the YOLO LBP sale who entered with at least 0.0001 ETH or more and were not in profit from trading.

If you entered with 1 ETH and the price moved down, you still got a 1 ETH refund.

You will be able to see the tx on Blastscan under “Internal Txns”.

The security exploit that affected Bazaar’s LBP contract is regretful, but we are undeterred. That said, there will no longer be a YOLO LBP or public sale of any kind. We are working on executing a new plan that will allow us to keep the previously communicated timeline for TGE etc, and will share more details ASAP."

The YOLO Games platform is positioned as a premier destination for serious gamers, emphasizing substantial rewards and operated by an experienced team renowned for their provably fair on-chain games and inventive reward systems. Participants can earn game fees and Droplets by providing liquidity, with Droplets redeemable for rewards at season’s end. Games against YOLO Games operate on a Liquidity Pool model, ensuring winners receive payouts without depleting the LP’s funds. Adding YOLO to LPs also earns Droplets, distinct from Points earned through gaming challenges, both of which accumulate YOLO over time due to a 1-2% LP advantage. Recent security incidents, including a $1.5 million theft due to a vulnerability in the exitPool function, have prompted immediate actions and refunds for affected participants in the YOLO LBP sale, which prematurely ended due to security concerns on Bazaar’s platform. Plans for future events remain on track, with updates forthcoming as investigations progress.

SlowMist Hacked - SlowMist Zone (Jun 20)
@shoucccc Twitter (Jun 20)
Blast Mainnet Network Transaction Hash (Txhash) Details | Blastscan  (Jun 20)
@YOLO_Blast Twitter (Jun 20)
@shoucccc Twitter (Jun 20)
@YOLO_Blast Twitter (Jun 20)
@YOLO_Blast Twitter (Jun 20)
@YOLO_Blast Twitter (Jun 20)
@YOLO_Blast Twitter (Jun 20)

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