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About USDO

USDO (USD Open Dollar) is a multi-collateral backed stablecoin by OpenDAO.USDO takes the multi collateral and overcollateralized philosophy of DAI and scales it to support an ever growing collateral list of both crypto and real world assets in a permissionless mannerWhilst USDO’s purpose is simple, its ecosystem is rich and deep. Minters can participate in all stages of the minting lifecycle, from staking their assets right through to liquidity farming. New applications of USDO get added regularly.

USD Open Dollar (USDO) is a cryptocurrency launched in 2021. USDO has a current supply of 1.02Bn with 0 in circulation. The last known price of USDO is 0.015469073572 USD and is 0.000018104864 over the last 24 hours. It is currently trading on active market(s) with $92.64 traded over the last 24 hours. More information can be found at https://opendao.io.

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USDO Price Statistics
USDO’s Price Today
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Updated Apr 24, 2024 2:39 am
USD Open Dollar
Mkt Cap $0
There's nothing here for now
Critical Vulnerability Found In Inter-Blockchain Communication Protocol
Critical Vulnerability Found In Inter-Blockchain Communication Protocol
According to Blockworks, a recent investigation by Asymmetric Research uncovered a critical vulnerability in the inter-blockchain communication (IBC) protocol. This standard facilitates interaction among individual cosmos chains. The vulnerability was specifically found in ibc-go, the Golang high-level programming language implementation of the IBC protocol, and it affected CosmWasm-based IBC middleware. The middleware, similar to many bridging protocols, allows packets to be sent from one blockchain to another. These packets are stored as commitments before being properly received and deleted. If not received, tokens are refunded through a timeout functionality. Asymmetric Research discovered that the flow between the module deleting the commitment control could be replayed. This meant it was possible to exploit the bug and generate an infinite number of IBC tokens. Multiple chains were vulnerable to this issue, including Osmosis, one of the largest cross-chain DEXs in the Cosmos ecosystem. However, the potential damage was limited due to rate limiting on the chain. The vulnerability has been privately disclosed to the Cosmos HackerOne bug bounty program and has been resolved without any malicious exploitation. Asymmetric Research emphasized the ease with which trust assumptions can be broken and new vulnerabilities introduced by adding new features and functionality. They also highlighted the importance of defense-in-depth and commended the Cosmos teams for their strong security measures that could have saved them from existential risks. A binary patch was released to fix the underlying IBC timeout reentrancy without breaking consensus. Contributors spent much time and effort assessing the security implications of the mentioned issues.
Apr 24, 2024 2:37 am

Frequently Asked Questions

  • What is the all-time high price of USD Open Dollar (USDO)?

    The all-time high of USDO was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of USD Open Dollar (USDO) is 0. The current price of USDO is down 0% from its all-time high.

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  • How much USD Open Dollar (USDO) is there in circulation?

    As of , there is currently 0 USDO in circulation. USDO has a maximum supply of 0.

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  • What is the market cap of USD Open Dollar (USDO)?

    The current market cap of USDO is 0. It is calculated by multiplying the current supply of USDO by its real-time market price of 0.015469073572.

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  • What is the all-time low price of USD Open Dollar (USDO)?

    The all-time low of USDO was 0 , from which the coin is now up 0%. The all-time low price of USD Open Dollar (USDO) is 0. The current price of USDO is up 0% from its all-time low.

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  • Is USD Open Dollar (USDO) a good investment?

    USD Open Dollar (USDO) has a market capitalization of $0 and is ranked #6588 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze USD Open Dollar (USDO) price trends and patterns to find the best time to purchase USDO.

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