News

Jinse Finance reported that Solana ecosystem token issuance platform Pump.fun has released the Dynamic Fees V1 update. Token creator fees will now be tiered based on market capitalization, meaning the higher the token's market cap, the lower the creator fee percentage. This fee structure applies to all PumpSwap tokens, both new and existing. The Pump.fun protocol fee rate and the fees that are automatically compounded to liquidity providers (including burned LPs) remain exactly the same as before.

Jinse Finance reported that due to users falling victim to phishing attacks, the Venus Protocol has been urgently suspended to protect assets. The official proposal suggests a phased recovery: within 5 hours (UTC+8), allow debt repayment and fund replenishment; within 7 hours (UTC+8), recover stolen funds; within 24 hours (UTC+8), complete a security review to prevent similar attacks and forcibly liquidate the attacker's wallet. The full recovery time will be announced separately, and related voting is now open. Due to the urgency, users need to take a snapshot and vote within 1 hour (UTC+8). If the vote passes, we will immediately implement the above plan.