what's Makina?
Makina is a DeFi infrastructure project designed to enable tokenized strategies and empower sophisticated allocators in the crypto ecosystem. It provides a platform for professional fund strategists to create and manage risk-adjusted on-chain strategies, making advanced yield generation accessible to a broader community. The project emphasizes crypto-native principles, community-driven development, and seamless integration with existing DeFi protocols. At its core, Makina operates through "Machines," which are pre-launch and live mechanisms for depositing assets like USD, ETH, and BTC into vaults, such as those on Morpho Labs. These Machines facilitate earning tickets for ICO access, points for token drops, and base yields, with boosts for early participants. Operators like Dialectic run these Machines, focusing on capital preservation and yield optimization through automated, on-chain accounting and risk management modules. The project supports autonomous agents and AI integration in DeFi, aiming to transform finance by rearchitecting infrastructure for tokenized assets. Backed by strategic investors, Makina prioritizes transparency and alignment with original crypto values, offering tools for both retail and institutional users to engage in professional-grade strategies.
Makina recovered 920 ETH after an MEV builder accepted a 10% whitehat bounty.
Links
x.com/makinafiRecovered 920 ETH after MEV builder accepted 10% whitehat bounty.
Exploited for approximately 1,299 ETH (around $4.13M) through a price manipulation attack on January 20, 2026, with stolen funds held across two addresses.
Product Lead Colin Platt spoke at ETHDenver 2026, presenting on Weiroll primitive for DeFi for building and maintaining vaults.
Legion sale concludes with $5.4M deposited at 3.6x oversubscription from 1,030 applicants against $1.5M target raise, with application results under review.
Token sale oversubscription rate reaches 266%, up from the previously reported 200%, with sale closing December 1st at 22:00 JST.
Legion sale achieves 200% oversubscription within 20 hours at $75M FDV (raising $1M total) with TGE scheduled for Q1 2026 featuring 25% unlock plus 9-month vesting. Pre-launch Season 0 reaches $94M TVL in 48 hours.
Airdrop token confirmed according to recent announcement. (ID: 1993596539751874698)
Project introduces governance token using veToken model.
ICO launches at $35 million valuation, matching the seed round price with no previous investor rounds before seed except team allocation.
ICO launches on Legion platform November 25.
An institutional investor publishes investment thesis on the project, describing it as a DeFi execution engine and core building block for yield in crypto.
DBIT and DETH launch on Equilibria with full vePENDLE boost and 5x Makina Points, managed by operators including Dialectic.
Integrated with karpatkey and Pendle, enabling PT-DETH-23APR2026 as collateral in kpk-curated markets on Gearbox Protocol. Added new DBIT and DETH pools on Equilibria with 5x Makina Points rewards and full vePENDLE boost, managed by Dialectic.
Token sale starts November 25th on Legion platform with Priority ICO allocating 4.5% to Season 0 participants and Public Sale offering 1% of supply. Project reports nearly $100M in TVL.
Team will present at DeFiConnect conference next week to share more about the project.
Legion announces Makina presale will take place on its platform.
DUSD launches on Equilibria with 250% vePENDLE boost effect and 5x Makina Points incentive for depositors.
$500,000 bug bounty launches on Cantina platform for review of MakinaVM, cross-chain orchestration, and governance systems.
Season 1 launches with machines now live and Dialectic managing funds as the first Operator.
Season 1 starts next week.
Dialectic starts actively managing the first three Machines (DUSD, DETH, and DBIT) next week as the first professional Operator on the platform.
Project launches with vaults opening today, achieving 50M TVL and near-capacity utilization on day 1.