mediumLogic errorEVM-Solidity
MagicSea - the native DEX on the IotaEVM: New staking positions still gets the full reward amount as with old stakings, diluting rewards for old stakers
- Payout
- $0
- Protocol
- MagicSea - the native DEX on the IotaEVM
- Disclosed
- Jul 11, 2024
- Source
- sherlock
The Magic LUM staking vault on the IOTA EVM DEX pays protocol revenue pro-rata by stake multiplier without rewarding lock duration, so a position locked for one second earns nearly as much as a one-year lock. Because the multiplier curve is shallow, any holder …
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References
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