Congrats to @kyan_novoyd for finding a critical vulnerability in the lending pool smart contract (an unfortunate silly mistake that I implemented into my program for easy and quick testing). I published the bounty in the @colosseum discord, and I let him keep the $500 that he managed to drain & also rewarded him with $200 extra. More such opportunities may pop up in the future. Security is our top priority for end users, and we will spend whatever it takes to harden our systems. Since everything is currently seeded by the team, there is no risk for end users, but we have still temporarily paused loans. Will double, triple, quadruple check everything before opening the actual lending pool that is seeded by the team to the public. We are not just a hackathon project; we are a fully fledged company that hopes to disrupt the entire decentralized lending industry from the group up.
Hope everyone has a wonderful day!
Been building like a man possessed after speaking to @NickyScanz from @SuperteamUSA. Found our wedge. Just loaded up 46 SOL to the deployer wallet and launching the uLendMe CredCircles pilot program to mainnet.
BIG WEEK
Also, here’s the link to our discord: discord.gg/ulendme
Be active, try out the products, and help grow the community. We may be hiring more talent as we transition from devnet to mainnet beta. There are also plans for a governance+utility token that will enhance your experience while using uLendMe; however, that will come in the future. There is currently no token involved with this project, so do not get scammed!
😹😹😹
🚨 Basement News Exclusive:
New lending platform @uLendMe is emerging straight from the Basement, developed by Basement degen @bearonionlol
Basement News journalists are already the first assets on the scene and they're getting borrowed fast.
uLendMe retweeted
Introducing @uLendMe, Solana’s new lending super-app that I’m building for @colosseum’s Frontier Hackathon. Now live on devnet. One of my favorite features is the Reputation Score NFT for undercollateralized borrowing. Composability between lending apps via onchain credit scores tied to wallets is the future.
Check it out:
app-production-6464.up.railw…



