
Zapdot
1.5K posts

Zapdot
@ApeBullish
A Reluctant Artist, ML engineer, Entrepreneur, illiquid jpegs stackers. Father of my bags.


Live evidence for the @aave x @KelpDAO x @LayerZero_Core governance war room on second-order risk. @avantprotocol is currently running a single $156M sUSDe looping position on Aave Mantle. $140M USDT0 + $20M USDC borrowed against it. Net APY -135% (net of sUSDe embedded yield the pain is less, but still deeply negative). Health factor 1.02. Borrow power 100%. This isn’t a rounding error. It’s one of the largest single positions on @Mantle_Official, sitting at liquidation threshold, eating deep negative carry, structurally dependent on Aave Mantle staying unfrozen indefinitely. Under the L1-backstop / L2-zeroed proposal, forced unwinds of positions like this are the transmission vector back to Core via sUSDe depeg pressure on thin L2 secondary liquidity. You can believe this position is fine in isolation. You cannot believe this position is fine in isolation AND that L2 zeroing has no second-order cost to stakeholders like @avantprotocol. Pick one. More quants, fewer lawyers in the war room, for the sake of this industry. 🫡

🚨 BREAKING: Cristiano Ronaldo’s oldest son, Cristiano Jr., trained with Real Madrid’s U-16 team on Tuesday. The idea is for him to JOIN La Fabrica in the NEAR future. @MarioCortegana @TheAthleticFC









REOPENED lmao This guy is coming as soon as the CWC is done

🚨 JUST IN: Real Madrid & Benfica have REOPENED negotiations for Álvaro Carreras. The deal isn’t finalized, but it’s getting CLOSER. @marca

🚨 Kees Smit LOVES Real Madrid and dreams of reaching the Santiago Bernabéu. @diarioas







