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Update for @BMXDeFi:
We're making great progress.
To recap, @BMXDeFi experienced $0 in loss by acting immediately to protect the protocol by pausing trading and minting in response to the GMX v1 exploit that happened earlier this month. Since, we have designed a fix that does not require BLT liquidity pool redeployment; audits are underway.
Our first chosen auditor is @cantinaxyz, who wraps up in the next day or two. Our second chosen auditor is @sherlockdefi, who will begin immediately following Cantina, with an end-of-week expected completion. We are very thankful to both Cantina and Sherlock for their support, both have been incredible to work with.
Additionally, we want to thank many others who have provided informal support and invaluable input: @0xngmi @0xOwenThurm @GuardianAudits @pashovkrum and of course, the goated @GMX_IO team.
One of the greatest things about DeFi, is how quickly the community supports one another in challenging times. While we @BMXDeFi are fortunate to not have experienced losses, the impact (while secondary to GMX ofc) has been significant. Thank you to everyone who has supported us during this time and reached out in DMs. It means the world, really.
Lastly, before some specific protocol updates, I want to take a moment to thank our entire team. Each and every contributor was handpicked for demonstrating exceptional talent and in moments like these, you see and feel the difference. I am so grateful to be building alongside all of you. Thank you for contributing to @BMXDeFi and believing in our mission. ❤️
Alright, let's jump into some specifics:
1) Shortly after pausing minting, we moved liquidity into wBLT/USDC to support price impact and slippage while routing through minting was/is paused for assets paired with wBLT, like BMX. As is common sense when trading, always view price impact and slippage quotes. Once minting is restored, this will improve and return to normal.
2) Minting of BLT and the underlying BMX Classic spot swap AMM are not individually exposed to the risks presented in the GMX v1 exploit conditional perpetual trading remains disabled prior to fix. Thus, minting of BLT and spot trading will be reenabled soon, restoring a healthy percentage of protocol revenue and routing functions.
3) Perpetual trading for BMX Classic will be restored only after both audits are completed and the fix has been implemented, which we are optimistic can happen near the end of this week or early next week.
4) At this time, Deli Swap is still on track to launch at the end of July as originally planned. However, we do want to reiterate launch is dependent on BMX Classic being fully restored as well as Deli Swap v4 hook audits being completed.
As is always the case, timelines are subject to change as new information becomes available. We will continue to provide timely updates and look forward Deli Swap launching soon. ❤️
TYBG

16.7.2025
Update for @BMXDeFi:
The first auditor has been selected and scheduled to begin this week. After completion, we will send this through a second audit with another auditing firm.
We are moving at lightning speed while ensuring security remains our first priority, as it always has been.
Assuming positive feedback from the auditors and expedited timelines, we hope to have both audits completed and the fix implemented with trading and minting resumed by late next week. Not a guarantee, but we're optimistic.
Thank you for your patience and understanding as we navigate this wildly unexpected situation.
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