Rob Butvila

@Aluisao95 @rafaelnobel @aave @LlamaRisk Wrong. You did. You may not have realised you did, but you did. You were aware of the rules, current collateral and possibilities at all times, and if you weren't, all info was available to you so you should have been. You could have chosen not to utilise that market if u wanted.

@RobButvila @rafaelnobel @aave @LlamaRisk I did not allow that kind of shitty collateral, aave did that

Update on rsETH incident: @LlamaRisk has published a report outlining the rsETH incident, the immediate actions taken, its impact on Aave, and potential paths forward. All service providers have been working to assess the two potential bad debt scenarios on the Aave protocol. Aave DAO service providers are also leading an effort with ecosystem participants to address any bad debt. This effort already has several indicative commitments from various parties and we are grateful for the strong support we have received so far. We will share further updates as we have them. In the meantime, the full report can be read here: governance.aave.com/t/rseth-incide…

@waithustamin109 @aave @ether_fi Sorry, i was incomplete; V3 L1

@RobButvila @aave @ether_fi sure, it frozen

As we continue our efforts towards restoring rsETH's backing, @ether_fi has also stepped up to contribute and published a proposal to their DAO. EtherFi has been a great partner to the Aave ecosystem and we look forward to our continued collaboration with them. DeFi United.

@Aluisao95 @rafaelnobel @aave @LlamaRisk You sent your coins to a pool. That pool accepted collateral for a loan of your tokens, and that collateral had no value. Youre a pawnbroker that gave a loan against a rock painted gold. It doesnt matter who painted the rock or when, what matters is your rock is valueless.

@RobButvila @rafaelnobel @aave @LlamaRisk But the mint of rsETH happened on Mainnet and Arbitrum not on Mantle

@waithustamin109 @aave @ether_fi Its not frozen on v3

@aave @ether_fi what about regular ETH? why you frozen my ETH!!!! wtf, I can't withdraw it or borrow more stables! How long this shit will stay?

@David331143 @aave The how is youre providing your eth for financial reward. Youre doing so by holding collateral as risk mitigator to ensure youre repayed. Only the collateral you accepted (aave accepted, which you agreed to lend into) was unbacked and accordingly worthless Not fair but you agreed

@aave And for the people in comments praising that only L2 users were involved: how is a normal supplier of ETH (aArbWETH) responsible for this exploit? Mainnet squad blaming L2 retail. Not fair. @aave must find some kind of middleground.

Update on rsETH incident: WETH reserves on the Ethereum Core V3 market have been unfrozen and users can supply WETH to Ethereum Core V3 again. WETH LTV remains at 0. WETH reserves on Ethereum Prime, Arbitrum, Base, Mantle, and Linea remain frozen. Aave service providers will continue to work on next steps and provide updates accordingly.

@leanahabedian @aave Youre lending into markets that take it as collateral though. its like youre the bank, and you issued a mortgage against a house, the buyer stopped paying, burned it down and had no insurance. You never played with matches, but you loaned to sum1 who did

@aave I just supply ETH on arbitrum. Never touch rsETH and you are frozen muy tokens. Punish those using rsETH. Allow me to withdraw

@StableTableDeFi @aave @StaniKulechov Not shift. Those are where the losses are. L1 is fully backed. L2 is where the concern lay. Kelp are the ones that arent backing L2 eth, you need to speak to them to see what they do.

@aave @StaniKulechov So your decision is to shift all losses to L2? Right?

@chentani131 @aave @StaniKulechov Imagine how quickly market loses intrest if people not even operating in L2, not lending to the market that accepted dodgy collateral ate the losses of those who were profiting from riskier markets.. nope. Those people chose the safer markets to avoid things like this.

@aave @StaniKulechov So you chose to burn L2 users with 50-70% loss, instead of cutting a few % from all users? Lmao, how the freaky that world is now

@Aluisao95 @rafaelnobel @aave @LlamaRisk I mean kind of. You lent your eth to make a yield from people supplying this as collateral and opted into it on this market. I mean its not "fair", but it is the business risk that exists. Mint A recovery substitute token & part fees going forward should be paid into it

@rafaelnobel @aave @LlamaRisk Fair? It is fair to me to absorb a 71% loss on my ETH lent on Mantle just because @aave allows this absurd amount of weth to be borrowed with a weak synthetic as rsETH

@hsvong @pdiomede @aave @LlamaRisk Yea same. Its telling me I can withdraw a negative amount 🤣 Fortunately I closed my open longs a few days ago

@pdiomede @aave @LlamaRisk Fk I don't have any debt and I still can't withdraw my eth

@elonmusk @Ryandally08 So do the rest of us in Australia!

@Ryandally08 I feel the same way about her

Deranged Australian politician, Jacqui Lambie, says that Elon Musk is a “social media knob” with “no social conscience” and should be in jail “with the key thrown away” She adds “he should not be allowed to be on his own ideology platform creating hatred”

@AshPolitik GST on fuel 3x higher, business to pay the surcharge and jack up prices on gst-able products and services instead for everyone, wages passed on to consumers, young adults looked over in favour of more mature employees that cost the same. 🤣🤣🤣 its called labour government

Fuel excise cut Card surcharge ban Min wage rise Young adults get a fair pay rise Its called a Labor government.

@AussieVal10 Dumbass. Almost pension aged joe paying an effective tax rate of 20% sells his house he held for 40 years, gets bumped into the 47% tax bracket, is now described as a millionaire, and gets a 500k "discount", which has him now paying 23.5% instead of hos prior 20%. What discount?

It’s a club and you ain’t in it (you just fund it)

I'm seeing the TDS expand to blame trump for their high fuel prices in Australia. None of them considered blaming our own politicians for removing local refining from the equation. And none seem to blame Iranian leadership; the peeps who shut the straight under bomb threat 🙄

@lesstenny So you loved him when he was pushing the covid jab, but not now? Why?

Isn't that the freaking truth 🤔🙄 #auspol

@Melbourne_says 🤣🤣🤣 who tf did they ask, how much did melb pay for the review, and how did Melbourne afford it being so completeley and utterly broke that they're completeley destroying local investment to pay for it? Landlords are sorted, so 600 tennants fight for 1 property & #machetebin 🤡

The msm has tried for years to convince you that Melbourne is a 'scary' place to be, and it worked on some. But now, the only thing breaking is their narrative. It's official, Melbourne is the greatest city in the world. Hell yeah! 👏🏼

@iamAtheistGirl 🤣🤣🤣🤣🤡

if you’re not destroying the planet then this post is not about you. i was literally referring to trump and netanyahu etc didn’t realize this needed a nOt aLL 80 yEaR OLdS clarification ffs 🤦‍♀️

i am so angry with the fact that people who have had 80 years of life are destroying a planet for people who have their entire lives ahead of them 😮‍💨

@JacintaAllanMP Total fucking clown show. How about make an offer subject to building and pest like everyone else, then get it only if youre the best offer. Renegotiate any repairs if anything found. This way seller gets inspection from mate, buyer pays their own anyway. More waste 🤡🤡😸

If you're selling a home, you should have to provide a building inspection report - instead of every interested buyer paying for their own. We're changing the rules to require exactly that.

@mark_slapinski @GoodtimesRitz No it isn't 🤣 thats what youre trying to frame as should be interpreted. He said 12 is not in his range. Not that 13 is in 🤣 full blown retard

@GoodtimesRitz That's what he said, moron.

BOMBSHELL: There are now reports of Trump being caught raping minors on VIDEO. Undeniable proof. His presidency is over. Tick tock.

@mark_slapinski Fuck youre retarded.

Trump ADMITTED to Howard Stern that he doesn't have an age limit. As long as they're over the age of TWELVE! x.com/CensoredMan/st…