REBUILDING LOVE SCORE 🛠️
Changes are already available on Smilee app: discover what we've tweaked and how it affects your exposure (it does not).
Boring technical details below 🧵
1/6
We discovered a low-level threat from a subset of users farming Love Score through the wgBERA–BURR pool.
These wallets exploited our system by farming exclusively in this pool, then withdrawing and disappearing: no ongoing money flow ☠️
2/6
This exploit was possible because Love Score was tied to the number of LP tokens, not their $ value.
Once exploiters realized this, they farmed absurd quantities of LPs: over 300 tokens could be minted with less than $10, while the same amount in other pools required $600+ 💸
3/6
This was unfair to genuine LPs in delta-neutral strategies, pairing BERA with its derivatives (swBERA, iBERA, ewBERA) and providing "strong" liquidity.
Since those pools minted fewer LP tokens, their Love Scores looked disproportionately low compared to the exploiters 💩
4/6
Through a major rework, we shifted from using the number of LP tokens to their relative $ value.
As a result, the total number of points decreased: this change impacted everyone equally, making current scores far more reflective of the real value users brought to Smilee 🧹
5/6
Even some other vaults, like iBERA-wgBERA, wgBERA-NECT and wgBERA-YEET, had a slightly higher number of LPs compared to their actual $ value, so we also had to tweak them to make the competition fairer for everyone.
Now, the Love Score truly reflects it 💦
6/6
Multipliers remain untouched to ensure fairness. Remember: if your Love Score went down, everyone else’s did too, basically.
This global change was necessary to guarantee fair distribution—ensuring that BERA-aligned LPs get the most out of Smilee’s future 😇
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