Dami

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Dami

Dami

@dharjeezy

Resilience.

Beigetreten Ekim 2011
166 Folgt548 Follower
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Web3 Philosopher
Web3 Philosopher@seunlanlege·
My favorite feature of HyperFX is LPs essentially operate a multi-dimensional pool. Just by holding cNGN on one chain they can offer it for USDC, USDT and even other non-USD stablecoins from any chain all at the same time. The capital efficiency here is simply unmatched.
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Web3 Philosopher
Web3 Philosopher@seunlanlege·
It's barely been 24 hours since we launched HyperFX and it has already processed $15k in USDT/USDC -> cNGN swaps HyperFX aggregate rate is at 1395/$. The price is high because LPs are passing on the yields from their cNGN position to users. app.hyperfx.finance/history
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Hyperbridge
Hyperbridge@hyperbridge·
HyperFX (@hyperfx_finance) is LIVE. An onchain FX protocol, starting with cNGN at a flat 0.05% fee, settled through Hyperbridge. Swap stablecoin FX pairs on-chain without correspondent banks or intermediaries. Swap, integrate, or provide liquidity → app.hyperfx.finance
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Web3 Philosopher
Web3 Philosopher@seunlanlege·
HyperFX launch this week
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Hyperbridge
Hyperbridge@hyperbridge·
Hyperbridge is now live on @Polkadot Hub mainnet. Developers can now connect Polkadot Hub to 14+ major blockchain networks through cryptographically secure bridging, with support for cross-chain messaging, verified state queries, and asset transfers.
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Web3 Philosopher
Web3 Philosopher@seunlanlege·
Truly an honor to be recognized by @HashedEM in their latest ecosystem report.
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DOT
DOT@United_Africana·
After two months of being in the gym, I realized no one,not even one gym bro, built their physiques naturally.
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Hyperbridge
Hyperbridge@hyperbridge·
Hyperbridge is back! The April 13 exploit exposed deeper architectural weaknesses in the protocol. Instead of patching the old system, we rebuilt the parts that concentrated risk underneath the network. 🧵
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Web3 Philosopher
Web3 Philosopher@seunlanlege·
Hyperbridge V2 is online, chugging along slowly. Fully decentralized, reborn as an interoperability hyperstructure. Pallet-sudo is gone, provers are incentivised by the treasury, collator selection is based on reputation tokens & protocol changes are downstream from governance
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ROYZ
ROYZ@royzkingin·
I fast for 24hrs twice a week and i eat one meal a day on most days because of one simple reason = Lean is law.
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Web3 Philosopher
Web3 Philosopher@seunlanlege·
Hyperbridge had processed nearly half a billion dollars in transaction volume before April. My daily ritual was to look at the transactions we were enabling and feel proud that people could rely on & trust our infrastructure for such large volumes. We will come back stronger
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Dami
Dami@dharjeezy·
Life is easy only if you stay very primitive.
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Web3 Philosopher
Web3 Philosopher@seunlanlege·
Over the past few weeks we have re-audited every cryptographic dependency Hyperbridge relies on. This has led to the discovery of even more critical vulnerabilities in our code, third-party libraries and even Polkadot itself. All have been responsibly disclosed and patched. We’ll be publishing a detailed write-up on shortly on all our findings. The root cause of the original incident was a missing single line of code that permitted proof forgery. The vulnerable code in question dates to early Polytope Labs days and predates our current review & testing standards, which is why the re-audit was warranted and why it’s ongoing. Alongside this, we’re launching a bug bounty which will help us work with whitehats on the continued security of the protocol.
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Web3 Philosopher
Web3 Philosopher@seunlanlege·
The security landscape in crypto has drastically changed these past few months. The protocols that come out on the other side will have been battle-tested in every sense of the word. We are working to safely relaunch a more robust version of hyperbridge. More updates soon.
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Web3 Philosopher
Web3 Philosopher@seunlanlege·
Currently investigating this exploit. Our initial diagnosis is the attacker constructed a sophisticated malicious proof to fool our merkle tree verifier. Damage is so far limited to just the DOT token. Other applications unaffected. Bridge has been paused pending the upgrade.
Vladimir S. | Officer's Notes@officer_secret

It looks like bridged $DOT by @Polkadot has just been exploited on Ethereum! Admin changed to the attacker's contract, 1 BILLION DOT minted and immediately dumped. Price went from $1.22 to almost zero. And it looks like the bridge is just allowing infinite minting now. Spotted by @0xZilayo 👀

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Dami
Dami@dharjeezy·
@Glenn6 Stablecoins really made crypto find PMF in traditional finance.
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Glenn
Glenn@Glenn6·
are stablecoins the trojan horse for widespread adoption of crypto? they are the least speculative asset possible boring is beautiful
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Dami
Dami@dharjeezy·
“Discipline is like a muscle that can only be built at one’s pace.”
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