Decentralawyer

the only thing undefeated is time / second is the internet / number three is this rhyme -nas

Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry

@Colin_P_A_Jones So basically a more brutal LTIP. Very Japanese

Context: a feature of long term employment in Japan is that there is a substantial component of deferred compensation. If you work somewhere for thirty years, upon retirement you would get a lump sum of several hundred thousand dollars. This was supposed to tide you over from the company’s mandatory retirement age (usually 60) until you are eligible for a pension (65). Although technically income, this lump sum payment is taxed at lower rates than apply to recurring salary payments.

@ayaajituki Buy a new one at ginza Karen, not at donki

Someone shared this tip with me: "If your return luggage won't fit in your suitcase, just buy a new one at Don Quijote in Japan and you're good to go." I'm sharing this information with love.

When I see overseas travelers who've come to Japan stuffing their suitcases full of Japanese snacks and lamenting, "My luggage won't fit everything back home...," I can't help but flash a huge smile. love you .

Basically we are all mostly turning into idiots, which presents some positive-EV opportunities for those who put in a bit of work

@jacqvaca Indeed

woof

oog talk to old tree. oog do this since small. "tree, oog mess up today. say wrong thing to mate. mate not talk to oog now." tree say nothing. tree just stand. "oog know, oog know. oog should apologize." tree say nothing. wind move branch little bit. "fine. oog go apologize." oog walk away. turn back. "tree... thank you." tree not give advice. tree just witness. sometimes that all oog need. someone to stand there while oog figure out own answer. oog hope someone be tree for you today. love, oog

If you read scripture carefully, you'll notice Jesus never says anything about securities fraud

Remote Work's Impact on Productivity, by @arpitrage "The key result is that remote work increases productivity at startups (+12 percentage points out of 100; for firms younger than ten years)... while reducing it for established firms (-9 percentage point decline in worker productivity)." open.substack.com/pub/arpitrage/…

What a motherfucking shitshow

GOLD

@andruyeung I, for one, think it’s important to zig when everyone else zags. I encourage everybody to double down on conspicuous consumption and loudly branded logos on their clothing

November 28, 2006, Clipse released their fantastic second studio album "Hell Hath No Fury", Timeless Classic 💎

@scrufacejean @Jackson69206912 Great point

What is the hardest opening line in hip hop? Like, a line so instantly crazy you had to just pause the song for a second.

@writeclimbrun We know, mayne. We know

@RetroTechDreams Candlekeep

Baldur's Gate (1998)

If depression was a chart, it would look like this

Someone just launched a coin and used the price action to draw an image of a dog on the chart.

@CoinDesk @reidhoffman ⚠️ @zachxbt explains why crypto feared LinkedIn: “LinkedIn is… the preferred malware distribution platform for DPRK, uh resulting in millions stolen due to its weak detection”

@conorsen @MostlyMonkey Yes

@MostlyMonkey are we really at the point where the marginal market participant doesn’t remember the 2000’s