• © Goverland Inc. 2026
  • v1.0.8
  • Privacy Policy
  • Terms of Use
StackedToadzStackedToadzby0x317F0e071E2787a6a3A60D01a9CC15fAE46DC92astackedtoadzdao.eth

Use 60 ETH to Buy $STACK and Burn to Makeup for Exploit

Voting ended over 4 years agoSucceeded

Hello, this is TOAD here.

As many of you may know, a hacker uncovered a vulnerability in our staking farm contract. By calling calculateRewards, one could pass the same tokenId any number of times, and claim the rewards for the sum of that amount. Using this exploit, a hacker minted 1,000,000 $STACK and market sold it into the LP pool for ~43 ETH. As expected, this caused a massive sell off in $STACK by whales and others, as well as a drastic drop in the floor price's of both Unstacked and Stacked Toadz.

I was completely shocked when I learned about the exploit and feel terrible for letting the community down but am working tirelessly to make this right. First, we have set rewards for the current farms to 0. Unstacked and Stacked toadz will need to be unstaked and restaked in the new farm when it's deployed. LP tokens can remain staked. For going forward I propose the following:

  1. We will use 60 ETH from the DAO treasury to buy $STACK and immediately burn it to compensate for the unexpected increase in supply.

  2. 100% of the royalty payout will be diverted to the DAO until the 60 ETH spent is made up. (usually, 50% is diverted to the DAO and 50% is paid out to the devs. This effectively means the devs will be paying for the 60 ETH buyback).

  3. We will be launching a new, upgraded contract without the exploit within the next 24 hours. $STACK rewards will remain the same for both Unstacked, and Stacked toadz (5, 50 $STACK/day, respectively).

  4. Full tokenomics schedule has been released: By 11/4 19,414,160 $STACK tokens will have been emitted. Single sided staking will continue with reduced rewards for an additional month: UnstackedToadz: 5/day StackedToadz: 25/day LP Rewards: 104975/day Within 72 hours the tokenomics will be finalized, and max supply will be minted to the DAO wallet. Deployer keys will be burned. Max supply after the additional month should be 25,014,160

  5. The raffle to create a token sink for $STACK is still being released. This will be live in no later than a week (Thurs. Oct 21).

  6. Arcade which uses $STACK is still underway, this will take 3 - 4 weeks to go live.

Off-Chain Vote

YES
2M 100%
NO
0 0%
Download mobile app to vote

Timeline

Oct 14, 2021Proposal created
Oct 14, 2021Proposal vote started
Oct 15, 2021Proposal vote ended
Oct 26, 2023Proposal updated