Kava production has been halted after a yield farming bug was discovered in the

[Cordillerabit]

The security committee for Kava Labs, the company behind a next-generation DeFi platform, has halted the chain due to an inflation bug in its latest release that over distributes yield farming rewards.

According to Messari, the #DevelopmentTeam  is asking validators to revert to an earlier version of the software, Kava-4, before updating to the new Kava-6 version in about 12 hours to fix the bug and restart the Kava chain.

Kava 5, the bug-infested software version, was released this week, just before the bug was discovered.

The Kava-5 chain was shut down by the platform's safety committee at block 459. Kava Labs intends to replay the state in order to pinpoint the source of the problem.

“Funds held by users are unaffected. A solution is currently being developed. A tweet from Kava Labs reads, "Will update shortly."

The "high severity bug," according to Messari, was paying out liquidity providers on the platform "well above expected values."

According to the post, these payouts are timelocked, which means they can't be sent to exchanges and can only be claimed by users.

In a statement to CoinDesk, Scott Stuart, co-founder of Kava Labs, said, "Kava Labs' monitoring suite picked up the bug within minutes of Kava 5 launch, way before any HARD claims could actually be distributed – this was by design."

Kava is a blockchain that uses the Tendermint consensus algorithm and is a Cosmos blockchain interoperability project participant.

The HARD protocol, developed by Kava, is a cross-chain money market that allows users to lend, borrow, and earn with a variety of digital assets.

Last year, the Binance-backed blockchain went live, offering yield farming applications similar to those found in Ethereum's DeFi ecosystem.ability project.

Source: Bityard