Tim Collins

$DPRO 3rd break of 200 day this morning before a quick bounce "The more times you knock...." Acting awful technically🍁 Where are the darn Canadian government orders

A buddy from college hit me up last night out of nowhere. Dude was a senior product manager at Google. Pulled $320k+ TC no problem. House in Austin, three young kids, wife who stepped back from her career to handle the family chaos. Got cut in the latest restructure wave. Now he's watching the savings bleed out at $5,800+ a month just to keep the lights on and the kids fed. Mortgage, daycare for the toddler, school supplies, two car notes, health insurance COBRA kicking in soon. He crunched the numbers stone-cold: maybe four months before it's game over. He was always the loud one in the group—bragging about the stock grants, the remote flex, how Big Tech was bulletproof forever. Last night on the call he was quiet. Shaky. Admitted he's waking up at 3 a.m. staring at the ceiling thinking about what happens when the account hits zero. He's blasting applications. 250+ out the door. A couple recruiter DMs that fizzle. Screens that end with "we'll be in touch" and then silence. The market is ice-cold and every job posting gets 500+ applicants overnight. He said flat-out: "We thought we had it figured out. House, kids' college funds starting, vacations planned. Now I'm refreshing job boards at midnight wondering if we'll have to move in with my in-laws." You never think it'll be you. Until the access gets revoked, the calendar turns into a ghost town, and the mortgage statement shows up anyway. If you're still collecting fat TC at a FAANG or big tech shop thinking the golden handcuffs and network will always catch you… wake the fuck up. The runway disappears faster than you expect. DMs open if you're in the same spiral or watching someone you know crack under it. No judgment. Just real talk.

Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface. Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return. The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox. The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal. Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space. We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction. The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.

Trade: Michael Pittman is being traded to the Steelers.