Crypto: An exchange based on Solana (SOL) accidentally closes

If there’s one thing the OptiFi team has learned lately, it’s never to rush! Indeed, the Solana-based DeFi exchange (SOL) was accidentally shut down permanently by its creators. Find out what this situation means for investors.

A tinkering on Solana that went very wrong

The OptiFi team has announced a sad news this Monday. She said: “We had an update to our Solana program code to do, so our deployer tried to upgrade the OptiFi program on the Solana mainnet. However, we accidentally used the command “Solana program close”, which unfortunately caused our OptiFi program on the mainnet to be closed. »

OptiFi launched on Solana’s mainnet earlier this month. The exchange intended to deploy a new version of its program with new useful functions. In particular, it had to propose a monitoring system aimed at minimizing errors. That said, the accidental closure of the OptiFi exchange resulted in a total loss of USDC$661,000. Exchange funds are permanently inaccessible.

OptiFi intends to refund the credits of all users. According to the team, the refund process should take up to two weeks. In addition, OptiFi has apologized to users stating that it “will learn from this hard lesson“.

The OptiFi team made proposals to Solana’s core programmers to help others avoid a similar fate. She also suggested that more official documentation on the “Solana program close» is proposed.

Announcing the sad news, the OptiFi team said:Every deployment requires a rigorous process and single point failure can be avoided.» «Please don’t rush like we did, especially for DeFi projects“, she pointed out.

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