Balancer hack: Update

When it’s your own money that’s lost, you act much more quickly than when it’s the money of dozens of individuals.

The whole topic is complicated and deserves a longer answer. I know all the arguments to not do those kind of forks - but I can already say that it is exactly “money of dozens of individuals” that I care about the most here. I personally did not had any funds in the effected balancer pools - sure indirectly I am effected by GnosisDAO loosing funds but the funds the DAO had effected where less than 2% of its holdings.

What triggered me to try to get the soft-fork done (and it still remains to be seen if it succeeds) was indeed protecting user. What described as " Low-risk defi" is what Gnosis has focused on in the last couple of years. And I can not:

  1. promote users / “normal people” our products
  2. if something happens not do anything I can to try to fix it
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