Arcadia is a non-custodial composable margin protocol on Base, Optimism, and Unichain for leveraged yield strategies on AMM liquidity positions.
July 15, Arcadia Finance, a liquidity management platform for decentralized crypto exchanges, was exploited, resulting in a loss of about $3.6 million in crypto assets. The hackers targeted one of the platform’s key features, the rebalancer on the Base network.