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Inverse Finance Frontier

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

    2020-01-01

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

    2022-04-02

    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.

    2022-04-02

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

    2022-06-16

    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.

    2022-10-28

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

    2023-03-01

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

    2023-09-01

    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.

    2023-01-01

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

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

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

    last updated: 5/20/2026, 10:36:29 PM

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