lamarose

@duonine Very good insight many thanks! In both Scenario 1 and 2, Aave probably loses long term. By taking some responsibility now and sacrificing part of future revenues, they could preserve trust. Let’s see what they choose.

🚨 AAVE just presented two potential ways on how to manage the bad debt. Both solutions throw users under the bus with no accountability from AAVE leadership on listing rsETH: 1️⃣ Socialize losses, L1 depositors take the biggest hit, including Umbrella depositors 2️⃣ L2 depositors take the loss, Mantle and Arbitrum are most affected I think the AAVE DAO and service providers have to take some accountability for listing rsETH and allowing it on their platform at the level of hundreds of millions. This has impacted users that never heard of rsETH or never touched it. Why should a user on Linea chain incur losses? Perhaps AAVE can find a solution with affected chains and corresponding parties to minimize the impact on users. I see Arbitrum already froze and took out the hacker funds in a historic decision that will redefine what DeFi actually is. This will reduce the total bad debt. The problem is that most of this fumble is also on AAVE that allowed this high-risk collateral type on their platform. Had they limited it, this would not be an AAVE and DeFi crisis, but just another bridge exploit impacting direct rsETH holders. This will likely drag on for a long time and likely end up in court as nobody wants to pay the bill, since each party has its own merits in the arguments they take. A settlement that favors users would be best. But may come at the expense of AAVE's treasury which still holds $181 million. Will Stani stay greedy or do what's best for his users? Time will tell. Like, share, and follow @duonine

@sid_onchain @0x_Abdul @0xfluid @1inch Thanks i will try ;)

@1980Florent @0x_Abdul @0xfluid @1inch you can do xchain from aWETH arb to stETH on mainnet

the unofficial aave rescue stack, last 24h: - 100% WETH utilization — depositors were trapped - @0xfluid: aWETH → wstETH/weETH direct swap against own looped positions - @1inch : aWETH → any token via pathfinder aave itself still has withdrawals paused, but the ecosystem has built a makeshift exit

@aave This is a a bit shabby statement indicating that priority is being given to Ethereum mainnet over L2 markets in a stressed scenario. Users deserved EXPLICIT transparency on market hierarchy, loss allocation, and withdrawal priority BEFORE this happened, not AFTER...

Update on rsETH incident: According to our analysis, rsETH on Ethereum mainnet is fully backed. Out of an abundance of caution, rsETH remains frozen across Aave V3 and V4 and exposure to the incident is capped. WETH reserves also remain frozen across affected markets including Ethereum, Arbitrum, Base, Mantle, and Linea. Aave is actively validating information and assessing potential resolutions.

@1inch wen arbitrum?

Calling all ETH lenders locked on Aave. We have built a way to exit to any token. While Fluid provides redemption to wstETH/weETH, via our Pathfinder algorithm, you can swap aEthWETH directly into the asset of your choice. aWETH → any token on t.co/Ww06FSqqd4 in one click if you're still stuck.

@0xfluid Wen Aribtrum!

Introducing aWETH Redemption Protocol With ETH utilization at 100% on Aave, many lenders are currently unable to withdraw and face increasing risk if markets move. aWETH Redemption Protocol allows ETH lenders to: • Exit into wstETH or weETH • Regain immediate liquidity • Reduce exposure to liquidation risk If you’re just lending ETH — you can fully exit. If you have ETH collateral and another debt — your collateral is seamlessly swapped into wstETH or weETH while your debt remains the same. We’re working alongside @LidoFinance , @ether_fi, @0xProject, @1inch, @KyberNetwork, and other ecosystem partners to: • Reduce systemic risk in DeFi • Ease utilization pressure • Support a healthier DeFi market Our goal is simple: protect users while reinforcing the foundations of DeFi. Capacity is initially limited to $1B in ETH. fluid.io/lite/aave-v3/e…

@sid_onchain @0x_Abdul @0xfluid @1inch Only core not arbitrum :(

@0x_Abdul @0xfluid @1inch see reasonable quotes on Bungee from aWETH → wstETH/stETH/WETH <1% slip

@RERB Bonjour quel est l etat du traffic pour cdg depuis gare du nord? Merci!

🌟 Bonjour à tous ! Je suis là pour vous informer et vous accompagner sur la ligne #RERB. Mika à votre service jusqu'à 13h, hésitez pas à me solliciter ! 🚆💬

@richardnhsu Nice move! Congrats!

Alts will go higher. But I took some nice profits on a position I opened last month. Chucked $10k USDC into SOL/cbBTC liquidity pool when prices were too cheap to resist. Then sold back into USDC. Beat just holding by very slightly (low APR bluechip pool). Why did I take profits? to get some exposure to $HYPE ecosystem. Will most likely be running a delta-neutral strategy that should retain my USD balance.

@hooeem Super alpha. Thanks. Contango is awesome but not very cheap to use!

@AlertesInfos Honteux

🇫🇷 FLASH - Jean-Pierre Fourcade, ancien ministre des Finances, propose "d’utiliser l’épargne des Français pour financer la dette". (Paris Match)

@CrashiusClay69 Brett to 10bn!

If $BRETT fails to hit 1B market cap in the next 87 days Then I must buy 1 million USD into the BRETT chart and then give $20,000 EACH to 50 guys below I don’t plan to lose 1M So you can bet ur ass off we are going to billions 75% complete 🔥

🚨30,000 YouTube Subscribers Giveaway🚨 To celebrate the big 30k I am giving away $500. 5 people will win $100 each 💰 To win: like, retweet, and tag 2 friends! Winners will be announced on telegram in 48 hours: t.me/cryptoempireee

@Cryptolusionist @hortakose @MarshallInu_ @MEXC_Global Same here. No communication from Mexc at all. Token worthless in an hour out of the blue. Not cool...

Marshalls, our migration dApp is LIVE! 👉 marshallinu.com/v2 After migrating your $MRI to $MFC, please wait until the contract is live to receive your tokens. More info: mfc.world/news/how-to-up… The dApp will be available for a very long time to withdraw your $MFC tokens!

@bankless Tokenomics

What’s some basic knowledge about crypto that a scary amount of people don’t know?