Part 6/8:

Haven Protocol has undergone several significant updates to address challenges within its economic framework. The first major revision, Haven 1.0, was initiated in July 2020, marking the launch of the first private algo stablecoin. However, shortly after went live, it encountered early exploitation attempts, prompting critical adjustments in its systems.

In June 2021, a significant security exploit forced the protocol to halt conversions and roll back the chain, catalyzing the development of Haven 2.0. After months of rebuilding, 2.0 was completed and audited successfully in November 2021, followed by an uptick in XHV supply as user confidence began to be restored.