0xshitfaced

@uttam_singhk And what if they start incentives on it somehow (no builder fees, kaybe future airdrop, less taker and maker fees etc).

uhm hot take but I don’t think the hyperliquid mobile app will get much adoption Hyperliquid perps are already accessible through wallet apps like phantom, metamask which offer a much better user experience and for mobile users, downloading another app from the app store is just extra friction

@antonttc Thanks for the explanation 🙏

there are 2 types of option protocols, let's say you have an eth $2800 call option. 1. cash settlement: at expiry the "settlement" happen with a reported oracle price, let's say 3000. As a call holder you get the difference between the strike price vs the settlement price, which is 200 in this case, pay out in "cash" (usually usdc) 2. physical settlement: no oracle involved. with the 2800 eth call you can always just buy an eth with 2800 USDC within the settlement window It's worth mentioning tho, that even cash settled option protocols are a lot more resistant to oracle manipulation, because you just need a good mechanism to revoke a bad price at "expiry"

This. 80% of DeFi TVL still relies on Chainlink being safe. Even if your protocol is safe, oracles can still be hacked. That's why options are underrated, a physically settled option protocols remains the only "derivatives" you can formally verify correctness with no dependencies. But who cares.

@katexbt @kamino Update to the SVM vs EVM "debate" x.com/i/status/20394…

@katexbt @kamino 40 million isn't small 🙂. Speaking generally, I haven't seen anything novel being done on Solana in DeFi space (except maybe propAMMs which aren't as complex). At the scale of Ethereum, exploits are bound to happen and be in news more often.

You shouldn't be doing DeFi on EVM. Generally, exploits in DeFi are rarer on Solana, and they tend to be only where really esoteric stuff is going on and even then they rarely end up killing the projects. @kamino has been consistently the #1 lending market by TVL since 2023. Hasn't been exploited. TGE'd in a timely manner. Essentially the Macbook of DeFi. No, it's not perfect, it won't fit everyone, it doesn't try to go hard on integrating new things and seek out yield that way by complicating your life with junior/senior tranches, rehypothecation, etc. Instead, it is the go-to solution and one stop shop for pros and amateurs too, you know it won't let you down.

Because these codebases need to architected and maintained You cannot maintain a large codebase with full confidence unless you yourself are in said codebase doing the work. The more you allow LLMs to code for you, the less you understand of your own codebase, and the less youre able to maintain in the long term.

@ethresearchbot Isn't there one with 32 KiB slotted for Glamsterdam?

New EIP! Increase Maximum Contract Size to 64KiB 🔗 github.com/ethereum/EIPs/… Highlights: - Raises the maximum deployed (runtime) contract code size from 24KiB (24,576 bytes) to 64KiB (65,536 bytes) by updating EIP-170’s limit. - Raises the maximum initcode size from 48KiB (49,152 bytes) to 128KiB (131,072 bytes) by updating EIP-3860’s limit, preserving the existing 2:1 initcode-to-runtime ratio. - Primary motivation is developer usability: fewer forced proxy/splitting patterns, lowering complexity, deployment overhead, and potential attack surface created by multi-contract architectures. - Economic and performance impact is intended to be bounded: initcode word-cost from EIP-3860 stays the same, and operations like EXTCODECOPY/EXTCODESIZE already scale gas with accessed code size. - Requires a hard fork (network upgrade): existing contracts remain valid and unchanged, but only post-upgrade deployments can use the higher limits. ELI5: Smart contracts on Ethereum have a maximum size limit, like a file size limit. Right now, some apps are getting too big and developers have to split them into multiple smaller contracts, which is more complicated and can be less safe. This proposal raises the maximum size so contracts can fit more features in one place. It also raises the maximum “setup code” (initcode) size in the same proportion as before, and keeps the extra gas fee rules the same so bigger contracts still cost more to deploy.

@banteg I am genuinely not sure if his quote tweet was a joke or real.

you signed under one thing, but soon afterwards it means another thing. congrats ef, you are all milady now.

@devanshmehta @prnth_ @chillgates_ None of this is useful to Ethereum or its reach though.

i love nothing more than replying to satirical posts with serious content, so let me give a partial answer to the "what have you built" question thanks to @prnth_ & @chillgates_ , my guides on milady tech, culture & history 1. scatter dot art, alternative to extractive, normie condescender open sea. 2. remilia dot net, an anarchic "global chat" where you can see text as users are typing it, play different games to get points, and poke each other like we did back on FB its nice they connect X and Github, the 2 main communities we need to port over to less corpslop venues 3. remilia stats dot net, a leaderboard showing the score of people in remilia dot net 4. remilia dot gg for milady financial info, including crucial things like airdrop claims 5. miladychan dot org , having reddit / 4chan style discussion boards sure none of this is hardcore cryptography, but its hard building products at all levels & they've done a pretty good job with these

@apoorveth I think the EF wouldn't have done that as they would be responsible for any future maintenance/issues.

The EF should have provided an audited implementation for the 7702 Smart Wallets to make integration on the wallets end much easier & faster. Might be a major reason why the adoption was so slow

@katexbt @yatakeni "Wasn't a hack per se" Explained: The Loopscale Hack (April 2025) share.google/KbLGoBDsPK6dqs… This is similar to what happened with Morpho and such protocols with USR. No wrong in promoting Solana related bags but at least do so with better logic (not SVM > EVM).

@yatakeni wasnt a hack per se fully just an exploit with ratex loops iirc but they are well connected ended up easily retrieving part of it iirc and all was gucci but yeah

Seeing people responding to this in all varieties of ways Let me reiterate again: - your sole job as a defi power user should be to escape rugs and exploits while earning 3-4x the benchmark rate, for as long as you can - this is now harder because everyone is reinventing the wheel adding more variables to their ponzi (defi) and exponentially increasing the risk surface/attack vectors - benchmark rate is whatever the top tvl project in defi is paying for 3 clicks set and forget - nothing wrong with defi on evm, but it is the one that generally bears the brunt of testing in prod (with your money) - its advanced level stuff, all the strategies wrt (recursive) loops, advanced vaults, rehypo, intent based stuff, soft vs hard liq, shared sequencing, basis trades - if this scares u, its bcuz its next level stuff; this is where the yield comed from and adding one more new variable into the machine - solana is full of with scams, president's own coin, double digit IQ deployers and KOLs, birthplace of AGI (hahahahahahaha!) and yet the defi part never gets really exploited as much, if you look back last 5 yrs. and even when it happens, protocols are ok afterwards. @Kamino and @Loopscale are a great place to do defi on Solana and I have been at peace (as much as one can be in crypto) using them these past 2 years. If someone wants to steal money and exploit protocols, they don't care which chain they are targeting, they care about taking the money, right? And yet Solana has a better track record. If you are going to DeFi, I'm team Solana, not team EVM - for better or worse PS: (loopscale code: katexbt)

@cainosullivan @tradexyz Seems an option would have been the better instrument

Filled up my car this morning and it cost about 40% more than two weeks ago. Got me thinking. When I fill up with diesel, I'm effectively short because I'm consuming it. So what if I took my estimated yearly fuel spend and opened an equivalent long on @tradexyz oil perps? Effectively hedging my fuel costs for the year. My initial thoughts are that it probably doesn't work because: - Diesel at the pump and oil prices are dislocated enough that the hedge is a risk - Funding rates on perps probably eats away any value the hedge gives Has anyone actually run the numbers on something like this? Or am I completely off base here?

@D2_Finance @ImperiumPaper Might be a dumb question but without an oracle, how are you valuing the shares to be minted/burnt during user deposits/withdrawals?

@0xshitfaced @ImperiumPaper gitbook.d2.finance/protocol/archi…

I’ve written plenty on it in the past so won’t spend an essay on it today, but when it comes to stablecoins (including those for ETH or other reference assets), hard-coded oracles are brittle. They work until they catastrophically don’t. In contrast, live oracles allow for real-time risk mitigation, but at the cost of punishing users for false positives if liquidity dries up. Both are a legitimate design choice, but need to follow different underwriting processes. Only hard code if you diligence the underlying asset and are confident in its ability to meet redemptions as designed. Both the technical and financial fundamentals must be solid, and assign a risk premium to rates or haircut to LTV as appropriate. Live oracles let you be relatively agnostic about the quality of the asset (beyond technical safety of the smart contracts) and stay focused on the liquidity availability. Let’s also remember that more complex oracle setups are also possible. I personally have advocated for stablecoins to have a hard code when n liquidity is viable in a redemption contract and then switch to market price oracles the moment liquidity falls below n. Ultimately, this is surfacing again a longstanding “credit migration” problem where DeFi relies on curators and risk consultants to manually flag when an asset goes from excellent to good to fair to poor as collateral. That’s far too slow in cases like USR, even if it was 100% accurate. DeFi automates, speeds up, and simplifies (even if it sometimes seems otherwise) finance compared to traditional alternatives. We’re ultimately building financial vending machines, and it’s just a fact that it’s really hard to make a machine that works as intended under all conditions. But there’s clear ways to improve on both oracle design and oracle use, and it’s disappointing to see slow innovation on that front.

@D2_Finance @ImperiumPaper What do you mean?

@ImperiumPaper Happy to be oracle free.

@RobotropolisRPG @dcbuilder sybil wars are unwinnable. if you need to get orbed to participate on the internet, criminals will farm eyeballs to sybil. if you need to do constant iris verification, criminals will enslave users to be in front of scanners to sybil, and now we are in hell world 2.0

@Pickle_cRypto Bruh, don't post if you don't know what you are on about.

@nicoypei @AdamEgyed1 I take it they won't?

@nicoypei @AdamEgyed1 If it's certain that rates will be much lower (on an average) for the duration of the loan, why would institutions pay a huge premium for fixed rate loans?

One of the most interesting delta to watch is the on-chain vs off-chain borrow rate. On-chain borrowing has been much cheaper (3% vs 7%). Why? Lending Protocols like Aave / Morpho / Euler / Kamino are the best for lenders. As a lender > no KYC > withdraw at anytime > yield can be directly accessed through fintech app users without much reg overhead compare to centralized desk alternatives > money stays with self-custodial battle-tested protocols But they absolutely suck for borrowers.

@0xfluid Is it going to start at 6% fixed or it was just an example?

Introducing: Fluid Lite USD Vault A Fixed-rate Cross-chain Vault with the best risk-adjusted yield on stablecoins. Automated. Just deposit. Earn. That's it.

@TheMaran Wen levered mango tree RWA pools.

this Indian startup let you own a mango tree for $111.57 per season a kochi based startup, allows you to rent a mango tree and enjoy the entire harvest there are 3 types of trees you can rent base, standard, max you can get 30 kg to 60 kg mangoes from these trees this company is operating in 3 states in India, select your favourite tree, pay money you will get a dashboard with all the information about the tree you rented this company is literally connecting farmers with the direct customers who loves chemical free fruits