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Broken code traps $24m of Lido staked SOL — and holders want their tokens back – DLNews

  • A bug in Lido’s Solana protocol code is preventing withdrawals.
  • Lido sunset its Solana protocol in February, removing its web interface.
  • But the protocol still holds $24 million worth of SOL.

Users of Lido’s SOL staking protocol are fearing the worst after a code bug blocked access to $24 million in deposits.

Lido is a liquid staking protocol — it lets users stake tokens and receive placeholder tokens in return that can be used in other DeFi protocols. With more than $31 billion of deposits, Lido is the biggest protocol in DeFi.

But Lido’s Solana version, which lets users stake SOL and receive stSOL tokens in return, was not popular compared to the more dominant Solana liquid staking protocols Marinade and Jito. In October, Lido announced plans to discontinue its Solana version and remove the webpage that let stSOL holders exchange their tokens for SOL.

When Lido removed the webpage in February, users still held over 112,000 stSOL with a market value of over $24 million.

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In addition to having no easy way to withdraw their funds, a newly-found bug in Lido’s smart contracts is also preventing stSOL holders from withdrawing their funds.

Now the more than 31,000 wallets holding stSOL are stuck in limbo.

Lido did not respond to a request for comment.

‘I’m not a programmer’

When Lido removed the webpage for its Solana version in February, it forced those with funds still deposited to Lido to interact directly with the protocol’s code to get back their tokens — a difficult and dangerous task for those with limited technical knowledge.

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Despite Lido giving stSOL holders almost five months notice before removing the web interface, many still missed the deadline.

“I’m really so disappointed,” a user posting under the name Thehaddon said in the Lido Discord. “I’m not a programmer, and without an official web interface I have no means of doing this.”

The deprecated web interface isn’t the only thing preventing stSOL holders from accessing their tokens.

A bug in the code affecting the protocol’s smart contract logic is also preventing withdrawals, Pavel Pavlov, a product manager at P2P, said in a March 30 Discord post.

P2P is the firm tasked with running Lido’s Solana protocol before its deprecation.

“Changing the smart contract is quite significant in terms of complexity and time,” Pavlov said. “Sadly, there is no estimated time of arrival available.”

Pavlov did not respond to a request for comment.

‘Terrible communication’

Others have criticised Lido’s decision to discontinue its Solana protocol.

“It’s just terrible communication and not good treatment of their stakers,” J, a pseudonymous team member at Sanctum, a protocol that lets users easily switch between different staked SOL tokens, said in a March 29 X post.

J told DL News that those with funds trapped in Lido’s stSOL token could use Sanctum to trade them for SOL or other liquid staking tokens.

“This isn’t communicated at all to their users,” J said.

Staking on Solana has remained popular. More than 65% of all SOL tokens are staked on the network.

However, only around 3.5% of all SOL is staked through liquid staking protocols.

Lucas Bruder, CEO of Solana liquid staking protocol creator Jito Labs, previously told DL News that there was a “huge opportunity” to grow the liquid staking market on Solana.

Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out to him with tips at tim@dlnews.com.

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Public Health Specialist: Prevention, Care & Treatment (Harare) at U.S. Embassy In Zimbabwe – Pindula Jobs – pindula.co.zw

JOB KNOWLEDGE:

Comprehensive knowledge of current HIV/AIDS Prevention Care &Treatment (PC&T) issues including prevention strategies, behavior change, HIV testing, and treatment is required. In-depth knowledge of the range of PC&T programs, policies, regulations and precedents applicable to development and administration of national public health program is required. Detailed knowledge of the host government health care system and structures including familiarity with MOHCC policies, program priorities and regulations is required. In-depth knowledge of HIV/AIDS public health programs, strategies, methods, processes and techniques used to plan, develop, implement and evaluate results of prevention, care and treatment programs is required. Good working knowledge of overall administrative requirements, budgeting and fiscal management in support of contracts/cooperative agreements/grants/purchase requisitions is required.

Education Requirements:

Doctoral level degree (Doctor of Public Health (D.Ph.), Doctor of Medicine (MD) or Doctor of Philosophy (PhD) or host country equivalent degree in medicine, nursing, public health, epidemiology, behavioral science field is required.

Evaluations:

LANGUAGE: English: Level 4 – Fluent; speaking/reading/writing, may include the ability to translate

SKILLS AND ABILITIES:

Strong oral and written communications skills are required to develop and maintain effective, sustainable working relationships with national and international working partners and generate dissemination. Ability to analyze, understand and discuss program design, management and implementation approaches is required. This includes the development of evaluation designs, use of reliable and valid instruments and methods for data collection, and conducting data analysis. Ability to work across a wide range of complex situations and settings and to develop cooperative, collaborative and effective program strategies with diverse partners and stakeholder organizations. The specialist is expected to be innovative and have strong problem-solving skills to overcome challenges such as stakeholders’ resistance to accept new guidelines or program shifts, program implementation problems, resolving differences in approach between host government policies/priorities and PEPFAR priorities, and redirecting partner practices to conform to standards for HIV/AIDS prevention, treatment, and care. Intermediate user level of word processing, spreadsheets, and databases is required. Strong skills in data analysis, including interpretation of program monitoring and evaluation data and translating research findings into practice, are required. The ability to lead results-driven project teams and workgroups is required.

EQUAL EMPLOYMENT OPPORTUNITY (EEO): The U.S. Mission provides equal opportunity and fair and equitable treatment in employment to all people without regard to race, color, religion, sex, national origin, age, disability, political affiliation, marital status, or sexual orientation.

All applicants under consideration will be required to pass medical and security certifications.

Other

How to Apply

Click here to apply

Deadline: 25 April 2024

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Driver (Kariba) at Family AIDS Caring Trust (FACT) – Pindula Jobs – pindula.co.zw

Job Description

Family AIDS Caring Trust Zimbabwe (FACT) is a Christian based organisation that was instituted in 1987. Since establishment, FACT Zimbabwe has been a leading national HIV and development organisation implementing various projects directly and through partnerships. The organization’s programming focuses on 4 strategic pillars Safeguarding and Sustainable Livelihoods (SSL), Health and Well-being (HW), Strategic Information and Research (SIR) and Organisational Efficiency and Effectiveness (OEE). FACT seeks the services of a Driver detailed below.

Reports to: Procurement and Logistics Assistant.

Duties and Responsibilities

  • Maintains vehicle log books and photocopies the current log sheet and fuel ledger and submits to the Senior Driver.
  • Checks to see if vehicles are due for service and takes vehicles for servicing and repairs.
  • Keeps vehicles clean all the time.
  • Initiates fuel procurement requests.
  • Supports teams on outreach activities.
  • Drives project staff to their project implementation areas.
  • Collects all commodities (fuel, stationery, furniture etc) procured for the office.
  • Reports incidents and breakdowns on the vehicles.
  • Checks to ensure all vehicles have fuel, oil, water, and other fluids.
  • Checks to ensure that all vehicles are licensed and insured by liaising with the Senior Driver.

Qualifications and Experience

  • Should have 5 O levels.
  • Driver’s licence should be at least 5 years.
  • At least 2 years accident-free driving as a professional driver.
  • Class 4 drivers’ licence, defensive driving certificate,

Other

How to Apply

Click here and complete the form.

Send a detailed CV to: hr@fact.org.zw, highlighting the post.

Please ensure that both steps are carried out to complete the application process.

  • Background checks will be done for successful candidate to ensure child safeguarding and protection in all our work. FACT commits itself to protecting children whom its staff, volunteers as well as outsiders may get into contact with. The organization is mandated to serve the best interest of all children through protection from abuse, harm and exclusion, child participation and development in all its programs.
  • FACT is an equal opportunity employer which does not discriminate in terms of race, tribe, place of origin, political opinion, colour, creed, gender, pregnancy, HIV/AIDS status or, subject to the Disabled Persons Act [Chapter 17:01].

FACT does not charge a fee at any stage of the recruitment process.

NB: Only short listed candidates will be notified.

Deadline: 19 April 2024

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Heaviest black hole pair ever discovered – Sky at Night Magazine

A pair of supermassive black holes that have been trapped dancing around each other for billions of years have now been found to be the heaviest binary ever measured.

Though theory predicts that such pairs of supermassive black holes should merge together, the act of merging has never actually been seen.

The huge mass of this pair could help astronomers understand why such mergers are seemingly so rare.

The pair are located in B2 0402 379, an enormous ‘fossil cluster’ galaxy created when an entire cluster’s worth of galaxies and stars merged into a single giant elliptical.

The Final Parsec Problem concerns the merging of supermassive black holes in colliding galaxies. Credit: Draco-Zlat / Getty Images
Artist’s impression of merging black holes in colliding galaxies. Credit: Draco-Zlat / Getty Images

Most galaxies host a central supermassive black hole.

When galaxies merge, these begin orbiting around one another.

As they circle, they transfer some of their energy to the surrounding stars and gas – much of which is ejected in the process.

The more energy these black holes lose to the material around them, the closer they move towards each other. 

In the case of this binary pair, the black holes moved in until they were a mere 24 lightyears apart – the smallest such separation ever directly measured.

However, they have remained stuck at this distance for the last three billion years.

To understand why this might be the case, astronomers have used the Gemini North telescope’s Gemini Multi-Object Spectrograph (GMOS) to study the system.

The Gemini North telescope. Credit: International Gemini Observatory/NOIRLab/NSF/AURA/T. Slovinský
The Gemini North telescope. Credit: International Gemini Observatory/NOIRLab/NSF/AURA/T. Slovinský

“The excellent sensitivity of GMOS allowed us to map the stars’ increasing velocities as one looks closer to the galaxy’s centre,” says Roger Romani from Stanford University, who took part in the study.

“With that, we were able to infer the total mass of the black holes residing there.”

The binary is estimated to weigh in at 28 billion times that of the Sun, making it the heaviest ever measured.

As well as giving vital context to the formation of this specific binary system and its past within the galaxy, the measurement also gives support to the idea that the stalling of binary supermassive black holes is linked to their huge masses.

The amount of gas and stars that would have to be ejected in order to move such massive black holes this close to each other would be enormous. 

“Normally it seems that galaxies with lighter black hole pairs have enough stars and mass to drive the two together quickly,” says Romani.

“Since this pair is so heavy, it required lots of stars and gas to get the job done. But the binary has scoured the central galaxy of such matter, leaving it stalled.”

www.noirlab.edu

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