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Inverse Finance Frontier

avoid.net/inverse-finance-frontier→10/100·100% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

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anchored·285mWW…XrZv

Summary

Inverse Finance Frontier (originally called Anchor) was a variable-rate lending market on Ethereum operated by Inverse Finance DAO, founded by Nour Haridy in 2020. The protocol suffered two separate oracle manipulation exploits in 2022 — one in April resulting in $15.6 million in losses and a second in June resulting in $5.8 million in bad debt — both attributed to vulnerabilities in how Frontier priced collateral assets. The protocol is now deprecated in favor of Inverse Finance's FiRM fixed-rate market, and the DAO continues to work down residual bad debt from both incidents.

Connected Entities

1 entities
Protocols
⌂Inverse Finance Frontier
Relationships
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    Timeline(8 events)

    2020

    Inverse Finance DAO launched on Ethereum by founder Nour Haridy, introducing the Anchor money market and the DOLA stablecoin.

    2 April 2022

    April 2022 exploit: attacker manipulates the Keep3rV2 TWAP oracle via low-liquidity INV/ETH SushiSwap pool, inflating INV price ~50x and borrowing $15.6 million in ETH, WBTC, YFI, and DOLA. Funds routed through Tornado Cash. Borrow markets paused.

    2 April 2022

    Inverse Finance announces 100% compensation commitment for affected users and plans to integrate Chainlink oracle for INV pricing.

    16 June 2022

    June 2022 exploit: attacker uses a 27,000 WBTC flash loan from Aave to manipulate the Curve tricrypto pool balance oracle for the yvcrv3crypto market, borrowing ~$10 million in DOLA against inflated collateral. Protocol incurs $5.83 million in bad debt; attacker nets ~$1.26 million.

    28 October 2022

    Inverse Finance reports recovery of 6.5 million DOLA in bad debt repayment through protocol revenue and reserves.

    March 2023

    Euler Finance hack adds additional bad debt obligations to the Inverse Finance DAO.

    September 2023

    Inverse Finance raises $2.6 million by selling 104,000 INV tokens at 25 DOLA per token to DeFi investors, applied toward bad debt repayment. Approximately $3.4 million in bad debt remains outstanding.

    2023

    Frontier formally deprecated in Inverse Finance documentation; DAO transitions to FiRM fixed-rate lending platform.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain16 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 16 of 18 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:50 AM

    last updated: 9/15/2026, 5:57:07 PM

    6 views

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