ChainCatcher news, according to The Block, early investors in Pike Finance expressed dissatisfaction with the token generation event on Monday, as the team only provided $10,000 in initial liquidity for the Aerodrome decentralized trading platform on Base.According to data from DEXScreener, due to limited liquidity at launch, the token's price quickly fell to around $0.0035—an approximate decline of 90%.It is reported that Pike Finance raised nearly $6.5 million in its token presale in March 2024, with participants purchasing tokens at prices ranging from $0.0280 to $0.0374.

ChainCatcher news, the cross-chain lending protocol Pike Finance has released an analysis of attack compensation data and urged affected users to verify.Pike Finance will return assets to a total of 20,733 users, excluding addresses with less than 0.0001 ETH and less than 0.01 ARB, OP, USDC. All ETH and USDC payments will be sent via the Base network. OP and ARB will still be sent on their native networks. Pike Finance will continue the distribution process on May 16.It is reported that Pike Finance was attacked at the end of April and the beginning of May this year, resulting in a total loss of 479.3938 ETH, 99,970.48 ARB, 64,126.67 OP, and 299,127 USDC.

ChainCatcher news, the cross-chain lending protocol Pike Finance has announced its tokenomics, aiming to promote the development of cross-chain dApps through its governance token P. The total supply of P tokens is 2.14 billion, with an initial circulating supply of 411.95 million, using native ERC20 and SPL formats, which will be unlocked over 43 months according to the token release schedule.The distribution of P tokens covers seven categories, including:22% for the community treasury15% for core contributors and investors8% for strategic partners and ecosystem15% for liquidity incentives20% for staking incentives15% for community issuance5% for the community treasury

ChainCatcher news, the cross-chain lending protocol Pike Finance has launched the PIU program. Users can earn PIU tokens by depositing assets, borrowing, joining Discord to obtain roles, etc., instead of earning points. PIU can be claimed at any time and can be claimed and traded on the Base and Solana networks. Holding PIU tokens grants access to the whitelist for the upcoming public sale of PIKE.