​​​​​​​The Agora Dispatch — Olympus Community Weekly Newsletter — Wednesday 11 August 2021

Summary

  • Editorial — Tempest
  • wETH Bond opens up to strong demand
  • Increasing numbers of exploits & hacks sighted — Learn how to safeguard your crypto-assets!
  • OIP-17 passes muster — voting now open!
  • 65 DAO contributors active in July: Up 71% month-over-month
  • Odyssey DAO updates — Creative livestream with @Milark — Ohmie Stories competition — Community call on memetic expression, philosophy & art curation
  • Policy team puts locked staking on ice
  • Twitter thread — Balaji on flatcoin
  • RAI founder stumbles upon a mycelium of Ohmies
  • Ohmie of the Week — @xYoung
  • Numbers at a glance — 10,000 Ohmies
  • Ohmie profile — @Cartesius (3, 3)
  • Meme of the Week — Interstellar Ohmie (credit @Ohmni-Man (🌲,🌲))
  • Opportunities to contribute — join us
  • Agora’s Learning ancient-Greek mythology series — Pandora, the first woman

Editorial — Tempest

wETH bonds open up to strong demand

Analytics taken from this Dune dashboard by Ohmie @shadow

Increasing numbers of exploits & hacks sighted — Learn how to safeguard your crypto-assets!

https://twitter.com/shan_crypt0/status/1422788882022629377
  • Use a smart contract wallet (more on this later) or hardware wallet to store your funds
  • Never click on any suspicious link that may direct you to a compromised site
  • Never share your secret/seed phrase or private key with anyone
  • Never enter your secret/seed phrase or private key in a suspicious site or application
  • Avoid installing extraneous browser extensions
  • Use a password managerBitwarden is free and open-source. It stores critical data in the encrypted storage and you only need to remember one password for the rest of your life
  • Use multifactor authenticationAuthy and Aegis are great options for generating the infamous six digit codes. 2FA or multifactor is a small inconvenience, but a lot less inconvenient than losing everything.
  • Lock your phone number or park your SIM — call your provider and request the highest level of security for moving your phone number around. Some people use SMS 2FA but we recommend you avoid it at all costs.
  1. Using a hardware wallet alone is a single point of failure. And it’s only as safe as your seed phrase.
  2. With Argent you can choose addresses to trust. Transactions to these are seamless. Any other transactions (say, to an attacker’s wallet) are automatically blocked. So even if an attacker somehow got access to your unlocked phone and wallet, they still couldn’t drain the account.
  3. Hardware wallets have supply chain risk. Argent’s smart contracts are open source for anyone to inspect. They’ve also been repeatedly audited by independent firms; and even reviewed by the legendary samczsun.
  1. Multisig security — all transactions to untrusted addresses are automatically blocked unless you deliberately approve them with guardians (friends, your hardware wallet, MetaMask, or our automated option).
  2. No seed phrase — the hacks often involve tricking someone into entering their seed phrase on a malicious site. As soon as you do this, it’s game over. The attacker has complete control. Argent doesn’t have seed phrases though. Problem solved.

OIP-17 passes muster — voting now open!

65 DAO contributors active in July 2021 — up 71% month-over-month

Odyssey DAO updates

Policy team puts locked staking on ice

Twitter thread — @Balaji on flatcoin

https://twitter.com/balajis/status/1422993084002934788

RAI founder stumbles across a mycelium of Ohmies

Ohmie of the Week — @xYoung

Numbers at a glance — 10,000 Ohmies!

  • July 27th: 8366
  • August 3: 9630
  • August 10: 10580
  • DAI bonds: 2,917,369 DAI has been bonded in the past week
  • Week-over-week growth of +11.59%
  • FRAX bonds: 431,298 FRAX has been bonded in the past week
  • Week-over-week growth of -27.03%*
  • *Important Note: The Policy team recently voted to decrease the FRAX and OHM-FRAX bond capacities to keep aligned with the treasury target of 5% of total FRAX supply which is protocol-owned.
  • OHM-DAI LP bonds: 336,560 of RFV in a week
  • Week-over-week growth of +6.52%
  • OHM-FRAX LP bonds: 46,305 of RFV in a week
  • Week-over-week growth of -49.85%

Ohmie profile — @Cartesius (3, 3)

Meme of the Week — Interstellar Ohmie (credit @Ohmni-Man (🌲,🌲))

Opportunities to contribute — join us

Agora’s Learning ancient-Greek mythology series — Pandora, the first woman

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