Exchange record
CometDEX
Soroban weighted-AMM implementation in the Stellar ecosystem. Comet code has been used as the Blend lending protocol's backstop pool; the BLND-USDC Comet pool was exploited on 2026-08-25 through a same-asset swap accounting bug, after which the affected backstop was paused. HEI therefore treats the entity as limited rather than active or dead while independent current exchange operation is not established.
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Key facts
URL handling
Summary
Soroban weighted-AMM implementation in the Stellar ecosystem. Comet code has been used as the Blend lending protocol's backstop pool; the BLND-USDC Comet pool was exploited on 2026-08-25 through a same-asset swap accounting bug, after which the affected backstop was paused. HEI therefore treats the entity as limited rather than active or dead while independent current exchange operation is not established.
Timeline
The BLND-USDC Comet AMM pool used by Blend's backstop was exploited through an accounting flaw that allowed same-asset USDC-to-USDC swaps to corrupt reserve calculations. SlowMist records approximately 717,518.92 USDC in losses. The affected backstop was subsequently paused while recovery and remediation work proceeded.