
Cat on Ink (💜, 😽)
6.4K posts

Cat on Ink (💜, 😽)
@CatOnInkChain
Building INK Bridge: Unique digital wormhole connecting the Ink Ecosystem to Ethereum and the multi-chain universe. $CAT




@krakenfx good, clearly aliens will only want to transact with global decentralized currencies


We’re committed to working with @tydrohq, the largest lending protocol on @inkonchain, as they deprecate their legacy oracle solution and officially migrate to Chainlink Data Feeds. DeFi will win.

Thank you Ink and Tydro for being abundantly cautious. But the communication this time was off. Tydro framed good news as bad news. The migration from Chaos Labs to Chainlink oracles is actually worth celebrating. But instead of announcing "we're pausing to migrate to Chainlink," they paused for two days with no context — then revealed it was a migration. Should have led with that from the first post. Transparency builds trust. Silence builds FUD. We learn and improve.



Tydro is migrating from its existing oracle to @chainlink. The pause is still in effect as a precautionary measure as we test and complete the upgrade. User funds remain safe, liquidations are currently disabled, and a grace period will be implemented upon unpausing. Markets will resume once migration is complete. We appreciate your patience during this time. Please follow official channels for future updates.




Huge shoutout to @Tydro. wETH withdrawals are live. One of the first protocols to re-enable it. No bad debt. Larger lenders cooperating. Losses expected to be near zero. While others are still writing post-mortems, Tydro is already back online. This is how you build trust. Meow.

Tydro update: wETH unpaused Withdraw, supply, repay, and borrow are re-enabled on Tydro's wETH market with LTV set to 0. Larger lenders have agreed to hold positions until DeFi United funds are transferred to rsETH backing, so no bad debt should be realized by users. Once rsETH backing is complete, Tydro and Ink will clear any residual losses (expected to be minimal or zero). wETH borrowing LTV will be restored in the near future. Ink Points on wETH will resume shortly, with extra allocations planned to offset delays and elevated borrow costs during the freeze (more details to come). As always, thank you for your patience. Follow official channels for future updates.








