LIKWID

At 02:27 UTC on September 18, 2026, the LikwidMarginPosition contract was exploited: an attacker repeatedly borrowed in zero-leverage mode without moving AMM reserves, drawing 74.31 BNB from LikwidVault, cutting pool liquidity from 17.93 BNB to 5.67 BNB and leaving the insurance fund with a 61.32 BNB deficit.

The LIKWID team raised that mode's minimum collateral ratio from 1.4x to 16.78x on-chain at 16:22 UTC the same day and said a newly deployed contract would drop zero-leverage mode and retire standalone borrow and lend, keeping margin trading only; the attacker put in 75.8 BNB and took out 77.99 BNB, a net profit of 2.19 BNB.

Future strategy and roadmap: the v2.2 docs narrow the product to margin positions through LikwidMarginPosition and LikwidVault, position NFTs and dynamic fees, with the insurance fund and tiered liquidations absorbing stressed outcomes.