Phil.xyz

My friend is one of the most experienced developers I’ve met in crypto. He has spent the past seven years working non-stop in this industry - often underpaid and overworked. Unfortunately, Kirill has cancer and no medical insurance avaliable. He already burned through all his savings. If you know him or willing to help, please do it.

@0xGeeGee the whole point is that it’s such a cheap attention grabbing attempt by @0xcarnation when you can just literally verify burns but the timing coincides well with the recent citrini research, high iq move.

@PTomsky btw even so the numbers don't match, the discrepancy started on the 12th of January, most likely it's the snapshot catching up to the continuous burns, but it's rich to go "lazy post" when the response is just as lazy lol

Such a lazy post 4 million of mf-one tokens for burned 20/02. Apparently there is some lag between redemptions and burns

This is just the first sign of max exodus during this bear market. Sad but true

@0xLouisT Congrats! That was a wild ride!

Super Serious Personal Update: Transitioning from SuperFastVM Foundation. This was my final week as Chief Token Liquidation Officer at the SuperFastVM Foundation. I joined when we were a lean team of 1000 visionaries focused on the singular, world-changing mission of executing a TGE. Three months later, with the liquidity event successfully realized, my work here is complete. I am immensely proud of the DeFi ecosystem we built together. In under 90 days, we successfully copy-pasted 100+ Uniswap V3 forks, facilitating $100T in cumulative volume and $1B+ in direct transfers to investor wallets. Remarkably, over 30 grant recipients have yet to liquidate their funds and delete their social media accounts. Regarding my next steps: after a decade of "being in it for the tech," I have finally achieved my primary objective of receiving a liquid token allocation. I am moving on to an AI research lab that offered me a $100M+ package in illiquid equity. I plan to stay close to the Web3 space, mainly to ensure I have a fallback plan to launch a "Generative DeAI L2" should my current equity remain worthless.

@VannaCharmer majority of VC investors i have been talking too are in a loss. The primary reason - token does not create any value

Great year for Hack VC. Let's do a recap of some of the tokens they invested in: Move, down 97.6% from ATH Bera, down 96.06% from ATH EIGEN, down 92.92% from ATH Soon, down 92.72% from ATH Initia, down 93.7% from ATH Grass, down 91.13% from ATH Babylon, down 88.94% from ATH Hyperlane, down 81.99% from ATH Solayer, down 95.1% from ATH 0G, down 87.86% from ATH AltLayer, down 98.13% from ATH Eclipse, down 83.92% from ATH Stable, down 67.24% from ATH This list is non-exhaustive. I'm also guessing these are some of their best projects because they're the ones that TGE'd. Probably an accurate depiction of the state of venture investing in crypto, not looking good here for LPs

@desnakeee @invariantgroup @solettyy @StreamDefi let’s chat, can’t dm you though

@PTomsky @invariantgroup @solettyy @StreamDefi Wen hcl-curated pools on Gearbox to show how it’s done? Jokes aside if you have thoughts on how to improve the system, not just for Invariant but for curated lending in general, I’d love to chat about possible ways to collaborate.

We'll be very clear regarding our position when it comes to @StreamDefi and other considered in high risk of defaulting, we do not care about CT fud, we do not care about the noise, we build conviction based in proper DD and of course we can make mistakes in configuring IRM's, some collateral specific rates, etc... but thankfully @GearboxProtocol provides the proper tools for us to readjust and adapt to market conditions, our advice for everyone and other so considered "risk curators", if your actions are determined by noise from random people, you are not a risk curator, you are an opportunistic.

i remember how he pumped @RDNTCapital just by adding it to s-tier well, it didn’t age well

Early DeFi Adopter Syndrome: – Pool utilization goes up → sending thoughts and gas fees 🙏 – BTC drops → mental breakdown – Protocol disappears from DeBank → writing my will – Founder’s camera off → rug PTSD – “Sir, I’m from a prominent blockchain accelerator” → ban

@0xleegenz Having 10/11 vibes here

@ivangbi_ @invariantgroup @GearboxProtocol @StreamDefi gm chief. Appreciate the response

it’s kind of amazing that @invariantgroup allocates 90% of @GearboxProtocol’s USDT pool to the xUSD strategy. Meanwhile, @StreamDefi is the biggest borrower with at least $10kk borrowed.

@invariantgroup @GearboxProtocol @StreamDefi Appreciate the transparency and the response first of all

We do not allocate funds, we just set up the risk parameters of the pool, Stream pays decent premium that goes back to lenders, risk adjusted yields, you are free to participate or not, freedom! all information is available always and transparent, LP's decided to supply capital and were very happy with the yield knowing the amount of borrowed assets in xUSD collateral but now a liquidity run is going on because of fud.

@Schlagonia I can confirm, i am running delta neutral trade and had zero losses during the crash. It was literally not possible if you had only shorts

The chances that not a single one of these vaults claiming to be running the basis trade took a loss during the flash crash seems to be basically 0. And the beauty of the daisy chain is, if one is unbacked they almost all are. x.com/Schlagonia/sta…

Now that people seem to be paying attention to what's actually behind the yield coin meta, few more fun facts for you. The Stream xUSD wallet holds 60% of the outstanding xUSD all of which is levered up. While the comingling of funds between their products make it impossible to know how much is recursively minted with its own backing, this includes a $95m position on Plasma Euler. As with most of these positions it would be impossible to actually liquidate given on chain liquidity. Of course they are using an upgradable proxy for the oracle, so need not worry about those things. xUSD largest exposures are - mHYPE (whose liquidity buffer appears to be empty) - RLP whose transparency page numbers don't match the wallets and shows a negative $25m balance on Binance. Other notable exposure is to other yield coins like rUSD, which about 30% of its backing is rUSD itself. As well as deUSD, who has 30% of their backing in mF-ONE. mF-ONE is mostly off chain but claims to have a $16m "liquidity buffer", which is actually 100% deposited to mTBILL. mTBILL is missing about $15m but only has $100k "liquidity buffer" and the other $5m is in BUIDL. In general basically every Midas Transparency page is wrong in some capacity (which is more than you can say for Stream who's still doesn't exist) and every single one you look at has some amount of funds not showing up in the wallets. The daisy chain stretches on farther than you can imagine and with recursive self minting and lending fueling basically all of the "growth". Though good news Midas provides "Independent Verifications and Attestations" which like the one below are 4 lines of arbitrary numbers followed by 120 blank pages. drive.google.com/file/d/1Zj8fAv… Happy Farming.

@0xwillthetrill fascinating employment arc. Subscribed

@JFSaine @avantprotocol Appreciate the transparency guys. It would be amazing if you can make it happen.

Over the last 6 months, the @avantprotocol team has been hard at work on: OpSec, AppSec, launching $avBTC, $avETH, Junior Tranches, and points. We've done a lot to become a Tier-1 security org with an optimal product portfolio. The next phases: growth and transparency.

@hyperithm Good news indeed

gmHYPER Over the past week, several community members have raised concerns regarding mHYPER’s potential recursive exposure across partner protocols, particularly in relation to xUSD (Stream Finance) and yUSD (YieldFi). We appreciate the feedback and would like to provide full transparency on the situation and the steps already taken. As major liquidity participants across the ecosystem, Stream Finance and YieldFi are large LPs in mHYPER. In parallel, mHYPER allocates liquidity to Hyperithm Vaults on Euler and Morpho, which supply to lending markets involving yUSD and xUSD. The Hyperithm Lending Vault also lends to mHYPER/USDC markets. This structure created unintended recursive lending relationships, where risks could theoretically propagate across multiple protocols. To eliminate this recursive exposure and strengthen inter-protocol isolation, the following actions have been implemented: - Exposure to yUSD has been fully removed. - Exposure to xUSD has been fully removed. - Dedicated non-recursive lending vaults on Morpho and Euler are being deployed to park idle liquidity from mHYPER into isolated markets that are not linked to yUSD, xUSD, or mHYPER. the vaults will be set up by the end of the week, and full liquidity migration from mHYPER is expected to complete by next week. With the above measures, all recursive lending components within mHYPER’s portfolio have been fully removed. In addition, Hyperithm currently holds approximately $10M worth of unleveraged mHYPER positions as GP commitment, and intends to maintain this position for as long as mHYPER remains in operation. The holding addresses are as follows: 0x7C1d52A3459f2Eee78DA551b8C3D13FdF61fbc93 0xEa036F911b312BC0E98131016D243C745d14D816

@kirbxbt i’m tired boss Make them stop

@charcoded damn, the original tweet got 200k . That hit big chef. kinda impressive how dothl blew the whole thing out of control