⚡️ Storm Trade is back tomorrow
Hey everyone!
Over the past month alone, DeFi has gone through a wave of attacks – AI-powered hackers targeted around a dozen major protocols, with industry losses exceeding $600M in April. That’s the reality of the market. The question isn’t whether an attack will happen, but whether you’re ready for it.
Our protocol was also the target of a coordinated attack. Our monitoring system detected the threat early, and we contained the incident before it could cause any real damage. Funds from both traders and liquidity providers remained safe the entire time.
9 days ago, we paused the protocol to eliminate any potential risks. Since then, the team has reinforced the architecture and migrated Storm to a new infrastructure with multi-layered protection.
🫡 The protocol reopens tomorrow, May 1 at 8:00 (UTC).
1️⃣ What happens to open positions
Storm is a decentralized protocol. We cannot manually interfere with user trades, so all positions that were open at the time of the pause (April 21, 12:05 UTC) remained open. After launch, you’ll be able to manage them as usual – close, modify, or hold.
We understand: the market kept moving during these 9 days while you had no control over your positions. Leaving you alone to deal with that wouldn’t be fair – so we’re taking that impact on ourselves:
• Was in profit → turned into loss: we compensate the difference based on PnL at the moment of the pause
• Was in profit → got liquidated: we return margin + unrealized PnL
• Was in loss → drawdown increased: we compensate the delta
All payouts in USDT will be sent to your wallets within 24 hours after reopening – for positions where the PnL delta from pause to restart exceeds $5.
Compensation is automatic, regardless of what you do with your position after launch.
2️⃣ SL/TP orders
During downtime, price feeds were not delivered to the protocol, so orders were not executed. After launch:
• TP: if the current price is better than your TP – the order will execute with higher-than-expected profit.
• SL: if the price has crossed the trigger – the order will execute at the current price, but all losses since the pause will be compensated
3️⃣ Limit / Stop Limit / Stop Market orders
To prevent incorrect executions, all such orders have been set to expire. Please cancel them manually to release collateral.
4️⃣ No funding fees will be charged during the downtime period.
This challenge made us stronger. Our global plans remain unchanged – we continue active development and integration of Storm V3.
Thank you for your patience, trust, and support. Together, we’re setting a new standard for security and community-first approach in DeFi.
See you on May 1 at 8:00 (UTC).
Your Storm Trade team ⚡️
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