Ethereum Gets Edgy Amid Emergency Vote on MakerDAO

Ethereum Gets Edgy Amid Emergency Vote on MakerDAO

Ethereum has fallen by about 5% following a recently discovered bug that could cause an integer overflow when computing with max debt at liquidation which means “large vaults in this configuration would be immune to liquidation.”

Apparently this has to do “with the relationship between collateral locked and debt generated” rather than with the wBTC debt ceiling itself.

The solution seems to be simple. A smart contract parameter called lump needs to be reduced from 500 eth to 100 eth, otherwise wBTC-ers get free dai in certain circumstances.

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