Pika v4 has launched on the @optimismFND mainnet today! This launch brings numerous enhancements: https://t.co/m93m8SB48X 1/

Gas fees shouldn’t hold builders back 💨 The first wave of the OP grants distribution is live. Five protocols are unlocking this round of gas rebates to start scaling faster with Pyth-powered data on OP Mainnet.

We've recently upgraded our subgraphs to The Graph’s Decentralized Network. Pika has been a top user of @graphprotocol for years. With this upgrade, Pika offers enhanced data security, reliability, and speeds.

Open-source, feature-complete fault proofs are live on OP Sepolia! With permissionless validation, anyone can participate in the system without an allowlist. This milestone is another step towards multi-proof nirvana that will allow Optimism to reach Stage 2 decentralization.

The reimbursement can now be claimed at: https://t.co/bgCQdGiAjE It will remain claimable for the next 3 months. ⚡️

5/ Learn more:

4/ 2024 is expected to be a very exciting year for the entire crypto space. We’re thrilled to be expanding the limits of DeFi by partnering with Pyth to bring trustless, permissionless perpetual futures to everyone.

3/ Advantages of being #PoweredByPyth: - High frequency, low latency updates - Competitive fees due to their pull-oracle design - A large and ever expanding selection of price feeds Pyth has allowed us to provide seamless trade settlement to our users at rock-bottom prices.

2/ As users of Pyth data, we are proud to be a recipient of a $PYTH allocation from their Retrospective Airdrop Program. This allocation will allow us to grow our platform and to fund maintenance and developments of the product.

1/ Pika Protocol has always had a core mission of providing the best possible trading experience for our users. As part of this commitment we partnered with @PythNetwork to provide trustless order settlement with their outstanding price feeds. https://t.co/ZCjB0ymeVZ

8/ 🙌 Thank You! To the Pika community for your continued support. Stay tuned for more updates, and experience the enhanced v4 for yourself.

8/ Traders, please close v4 legacy positions and initiate new trades on the new v4. Vault depositors can migrate funds using the "Migrate" button in the legacy app. The v4 legacy version app will be maintained for the next three months.

7/ Launch Details: - V4 legacy version is now in close-only mode at https://t.co/J52TlLCOia. - The new v4 is live at https://t.co/APnHhqVsm3, supporting all 50 trading pairs from the previous version.

6/ These fixes and enhancements underwent a rigorous audit by @peckshield, ensuring an added layer of security for our community.

5/ - Fairness in Vault PnL Calculation: Improved vault share calculation for fairness and risk reduction. - Enhanced Oracle Contract: Fortified against rare L2 sequencer downtime. - Future-Ready Contract: Supports account abstraction in upcoming releases.

4/ Additional Improvements of the new launch: This relaunch isn't just about fixing issues; it's an opportunity to introduce key improvements: - Asset Upgrade: Vault asset is changed to native USDC instead of bridged USDC, reducing bridging risks.

3/ To ensure a comprehensive solution, all depositors must manually migrate funds to the new version. We're committed to fully reimbursing affected vault depositors and will provide details soon. Your trust means everything to us.

2/ Why the Relaunch? In the prior version, we uncovered an issue where traders took advantage of a contract function, resulting in ~$120k in profit from the vault. Our devs swiftly addressed this by updating smart contracts, but a complete fix requires a contract redeployment.

1/ Announcement: Pika V4 Upgrade⚡️ Pika Protocol is relaunching its v4 version, packed with new improvements and solutions to issues found in the previous release. https://t.co/S3jAn4l1It

Our bug bounty program is live today with Immunefi!

Pika frontend was not affected by today’s Ledger Connect exploit. 🛡️