Defidynamo8 (✱,✱)

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Defidynamo8 (✱,✱)

Defidynamo8 (✱,✱)

@DefiDynamo8

Welcome to the captivating realm of crypto, where knowledge, inspiration, and a touch of wit converge in perfect harmony. Prepare to embark on a journey..

earth Katılım Aralık 2023
42 Takip Edilen14 Takipçiler
Defidynamo8 (✱,✱) retweetledi
Tom🧡
Tom🧡@0xgambit7·
Aave V3 just posted its first green 7 day since the Kelp DAO exploit. +1.86%. $14.08B TVL. @aave A few things worth knowing here: • Wasabi Protocol: $5M+ drained April 30 wasabideployer.eth held sole ADMIN_ROLE no multisig, no timelock. Malicious contract upgrades hit Ethereum, Base, Blast, and Berachain. Berachain told users to withdraw immediately. @wasabi_protocol • Carrot shut down the same day Drift exploit fallout. Withdrawal window open until May 14. • April closed at 28 exploits, $635M total AAVE down 0.27%. TVL holds. Buyback pause is live. Watch Solana TVL Carrot's window is open and contagion is still moving.
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Tom🧡
Tom🧡@0xgambit7·
Aave V3 is at $13.64B. Down another $210M since yesterday. But the bleed isn't staying inside Aave. A few things worth knowing here: • Connext: $182.79M, -12.81% 24h Cross-chain bridge. People are pulling out of anything that touches LayerZero-adjacent infrastructure. • cBridge: $18.41M, -16.31% 24h Same story. Bridge TVL getting cut across the board. • Yearn Finance: $170.12M, -16.72% 24h Not a bridge, but risk-off is spreading into yield aggregators too. • Lido: $21.44B, -3.91% 24h Lido doesn't move 4% in a day for no reason. Watching this. Aave -14.6% in 7 days. DeFi United still needs the Arbitrum DAO vote to close the 30K ETH gap. That hasn't happened yet.
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Defidynamo8 (✱,✱) retweetledi
Tom🧡
Tom🧡@0xgambit7·
Kelp says they used LayerZero's default config. LayerZero says they didn't. One of them is wrong. A few things worth knowing here: • LayerZero's position: Kelp ran a custom 1-of-1 DVN single verifier, single point of failure. LayerZero warned them to switch to multi-verifier. They didn't move. Now refusing to sign messages for any 1-of-1 app. • Kelp's position: That was the default. Not a custom setup. If true, every protocol on LayerZero that launched without touching DVN config carries the same exposure. • Blockaid already shipped an OFT/OApp audit tool flagging 1-of-N pathways. The ecosystem is scanning its own configs right now. • April 30 LayerZero's self-imposed DVN upgrade deadline. 3 days. If the default was the problem, the fix needs to change the default not bury a warning in the docs. So even if LayerZero ships Wednesday, "we warned them" and "we fixed the default" can't both be true.
Tom🧡 tweet media
Tom🧡@0xgambit7

$13.2 billion left DeFi in 48 hours. AAVE back at $91. CT is calling DeFi dead again. KelpDAO's bridge exploit left $177–200M bad debt on Aave's WETH pool. WETH utilization hit 100%. $8.45B exited Aave deposits in 48 hours. Aave's contracts weren't touched. Umbrella activated automatically to cover the deficit. SparkLend, Fluid, Morpho zero rsETH exposure. Tighter collateral parameters. Came through clean. The $13B TVL drop is panic withdrawal stacked on top of a $200M bad debt event. Panic withdrawal resolves. The bad debt is already being absorbed. DeFi dead? not iMO.

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Enigma
Enigma@0xAdesola·
Paypal withdrawal method If you don’t know how to create a paypal that works in nigeria Comment guide and maybe I will make a guide for it.
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Tom🧡
Tom🧡@0xgambit7·
Yet another Hack again in APRIL Volo Protocol lost $3.5M yesterday. Three vaults on Sui WBTC, XAUm, USDC. Gone. The team froze everything immediately. Blocked the attacker from bridging out 19.6 WBTC. Committed to absorbing the full loss. The other $28M in TVL is untouched. Attack vector isn't public yet. Post-mortem coming. This is April 2026: >April 1 Drift. $285M. Solana. Lazarus Group. Six months of planning. >April 18 KelpDAO. $292M. Ethereum and L2s. LayerZero DVN failure. Lazarus Group. >April 22 Volo. $3.5M. Sui. Unknown vector. Three protocols. Three chains. Three weeks into the same month. What Volo did right: froze fast, blocked bridging, eats the loss. That's the response template. Small protocol, clean execution under pressure. April still has 7 days left.
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Defidynamo8 (✱,✱) retweetledi
Tom🧡
Tom🧡@0xgambit7·
Chaos Labs managed Aave's risk for 3 years. $5B to $26B TVL. Zero material bad debt. They left April 6. Said there was a "fundamental misalignment on risk management." Said V4 expanded operational and legal liability in ways they weren't willing to absorb. Said the engagement no longer reflected how they believe risk should be managed. 12 days later: $196M bad debt. Largest in Aave's history. The nuance is important. The rsETH exploit was a bridge failure LayerZero's 1 of 1 DVN. Not a parameter failure. Not Aave's code. Chaos Labs may not have caught it either. That's an external risk. But they left citing legal liability for DeFi risk managers. That line reads differently today. LlamaRisk took over the same week Chaos Labs walked. They inherited a protocol at $26B TVL with zero runway to stress-test the handover. Whether that had anything to do with what happened April 18 nobody can say cleanly. 3 years. Zero bad debt. 12 days after they leave: $196M. The timing is what it is.
Tom🧡 tweet media
Tom🧡@0xgambit7

23,507 aWETH staked in Aave's Umbrella module. 18,922 of them are already in cooldown trying to leave. That's 80.5%. If they exit before Aave pauses the module, Umbrella is empty when it's needed most. The incident report recommends an immediate pause. No pause yet. What a pause does: Blocks deposits, withdrawals, transfers, and slashing Coverage moves to manual governance instead of automatic Paused for 22+ days → all cooldowns expire → full 23,507 aWETH restored as coverage What happens without one: Stakers keep exiting Umbrella balance shrinks daily If Scenario 1 triggers, automatic slashing hits a nearly empty pool The window closes every hour governance delays.

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Defidynamo8 (✱,✱) retweetledi
Tom🧡
Tom🧡@0xgambit7·
Aave's WETH pool hit 100% utilization April 18. Governance said they'd explore paths. That was 4 days ago. In the meantime, six protocols built the exit. Fluid launched an aWETH Redemption Protocol in under 24 hours. Lido, Ether.fi, 1inch, 0x, and Kyber plugged in. Here's how it works: you hand Fluid your aWETH, Fluid uses it to repay its own WETH debt at Aave, and you get wstETH or weETH out the other side. The pool shrinks. Your position unlocks. Exit cost: 2.21% discount. Secondary markets were clearing at 23% below par. $136M processed in 48 hours. Fluid carries roughly $1.5B in ETH debt on Aave. That size is what makes the netting work. Ethereum Core V3 WETH is now unfrozen. L2s Arbitrum, Base, Mantle, Linea still locked. WETH LTV is still 0 across all chains. Not over. The community solution was live before the governance proposal existed.
Tom🧡 tweet media
Tom🧡@0xgambit7

23,507 aWETH staked in Aave's Umbrella module. 18,922 of them are already in cooldown trying to leave. That's 80.5%. If they exit before Aave pauses the module, Umbrella is empty when it's needed most. The incident report recommends an immediate pause. No pause yet. What a pause does: Blocks deposits, withdrawals, transfers, and slashing Coverage moves to manual governance instead of automatic Paused for 22+ days → all cooldowns expire → full 23,507 aWETH restored as coverage What happens without one: Stakers keep exiting Umbrella balance shrinks daily If Scenario 1 triggers, automatic slashing hits a nearly empty pool The window closes every hour governance delays.

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Defidynamo8 (✱,✱) retweetledi
Tom🧡
Tom🧡@0xgambit7·
Every WETH reserve on Ethereum, Arbitrum, Base, Linea, and Mantle is at 100% utilization. Idle WETH on every chain: below $20. First liquidations trigger at: Base: 0.77% ETH drop $17 at current prices Arbitrum: 1.77% $41 Mantle: 22% the most resilient of the five At 100% utilization, liquidators receive aWETH instead of WETH. That slows the process further. Meanwhile, Arbitrum's Security Council froze 30,766 ETH ($71M) linked to the exploit. 9 of 12 council members voted yes. Law enforcement is involved. LayerZero has attributed the attack to North Korea's Lazarus Group. Same chain. One ETH move from its first liquidation. And the one that just froze the attacker's funds. Things are not looking good. But Arbitrum moved faster than most people expected.
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Tom🧡
Tom🧡@0xgambit7·
KelpDAO's bridge got exploited. 17:35 UTC, Friday. Attacker called lzReceive directly on LayerZero's EndpointV2 forged a cross-chain message. KelpDAO's bridge read it as legitimate, released 116,500 rsETH with nothing behind it. Wallets pre-funded through Tornado Cash. Two follow up attempts at 18:26 and 18:28 both reverted. Would have been another $100M. Attacker took that unbacked rsETH and hit three protocols Aave V3, Compound V3, Euler. Borrowed $236M in WETH against collateral worth nothing. Aave froze rsETH on V3 and V4 within hours. SparkLend and Fluid froze too both reported zero exposure. Umbrella activated. aWETH stakers get slashed to cover the deficit. Protocol held. Biggest exploit of 2026. Three protocols used as exit routes. None of their code failed. The attack started at a LayerZero endpoint. we seen about $5.4B ETH outflow on AAVE since the exploit as it raises concern
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Defidynamo8 (✱,✱) retweetledi
Tom🧡
Tom🧡@0xgambit7·
Lido has $21.89B locked. LDO is at $0.35. The protocol is up +5.03% TVL in 7 days. The governance token isn't moving. Nobody's connecting those. It's not just Lido. The whole staking layer has been building for a week. SSV +4% 7d (exact not listed in latest snapshot). EigenCloud +5.84% 7d. Binance staked ETH +4.11% 7d. Capital has been rotating into staking infrastructure for 7 days straight. Governance tokens haven't followed. $264B in USDT and USDC sitting off-chain. Staking APRs at 2.4% (Lido) to ~3.5% range. Someone is doing the math.LDO at $0.35 with $21.89B in the protocol. Either the token is mispriced or the TVL doesn't mean what people think it means. Bullish staking infrastructure. Neutral LDO until governance tokens start tracking underlying TVL. When does the token read the protocol?
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Defidynamo8 (✱,✱) retweetledi
Tom🧡
Tom🧡@0xgambit7·
Morpho launched without a governance token. No hype cycle. Just better lending rates than the alternatives by cutting the overhead. CT mostly ignored it. Borrowers paid $170M in interest over the last year. Weekly fees started hitting $5M+ by October. The protocol grew while everyone was looking elsewhere. This week they launched an MCP server a direct interface for AI agents to access DeFi lending on Ethereum and Base. Not a dashboard. Not an API wrapper. Agents borrowing, repaying, and managing positions autonomously, on-chain. The efficiency story just became an infrastructure story. Nobody's running the numbers on what on-chain volume looks like when agents operate 24/7. Morpho just handed them the keys. What does TVL mean when the depositor is an agent?
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Defidynamo8 (✱,✱) retweetledi
Tom🧡
Tom🧡@0xgambit7·
Lido proposed a $20M buyback. $LDO is $0.33. Down 90%+ from its highs. Comes right after a smart contract vulnerability. Sentiment at 57%. Could be governance working as it should DAO steps in when the protocol's under pressure. Could be burning treasury to stabilize a token after a security incident. Either way, the treasury is smaller and the token is the same price.
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Defidynamo8 (✱,✱)
Defidynamo8 (✱,✱)@DefiDynamo8·
@0xgambit7 I think I wait for the etf flow to starting staking the large buy orders before taking a decision
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Tom🧡
Tom🧡@0xgambit7·
TVL +4% overnight. perps volume hit $30B up from $23B yesterday. long/short flipped bullish. $329M liquidated. and ETF net flows are still $239.1M. Third red day running. here's the full picture right now: DeFi TVL: $95.70B up $4B in one day > perps volume: $30.01B, highest reading this week > long/short ratio: 51% long was 51% short yesterday >liquidations 24h: $329M +156%, ceasefire squeeze still running > fees paid: $55.73M up from $50M > stablecoins: $317.44B flat, still parked the on-chain market is buying the ceasefire hard. TVL, perps volume, and sentiment all flipped positive overnight. but the ETF institutions the clearest signal of where large traditional capital is moving are still pulling out. three days in a row. on-chain traders and ETF institutions haven't agreed since the ceasefire talks started. one of them is positioned wrong. which market do you trust more right now the on-chain data or the ETF flow signal?
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Defidynamo8 (✱,✱) retweetledi
K
K@iiamkrshn·
“2026 is going to be my year.” Me on April 1st:
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Defidynamo8 (✱,✱) retweetledi
Tom🧡
Tom🧡@0xgambit7·
Aave is one of DeFi's oldest protocols. $24.2 billion locked. $17.3 billion actively borrowed. $562M in fees annualised. The token is at $97. Its all-time high was $661. First what Aave actually does, simply. You deposit crypto. Other people borrow it and pay you interest. Aave takes a small cut of every dollar borrowed. That's the fee. $17.3 billion is currently borrowed across 21 blockchains. That's real, constant demand. Here are today's live numbers from @DefiLlama : TVL: $24.2B (up 2.56% just today) Fees annualised: $562M Revenue 30d: $6.19M Borrowed: $17.29B Treasury: $88.99M Market cap: $1.49B A $1.49B market cap protocol earning $562M per year in fees. Let that sit. AAVE at $97 is 85% below its all-time high of $661. But TVL just bounced off its strongest level in months. $17B+ is still actively borrowed. Fees haven't collapsed. The protocol didn't break. Now, the info most people missed. On March 24 one week ago Aave V4 passed a governance vote with near-unanimous approval. V4 is a full architectural upgrade. Fewer deployments, but more efficient ones. GHO (Aave's own stablecoin) becomes a bigger part of the revenue model. Why does V4 matter for the token specifically? Since April 2025, @aave started buying back AAVE tokens using treasury revenue. Q4 2025 alone: $9.83M in token buybacks. Q1 2026: $9.41M in token buybacks. That's real buying pressure from protocol earnings. Not from hype. The TVL vs price divergence : The piggy bank keeps growing. More money flowing in, more being borrowed. Protocol has been earning more fees each quarter since 2024. The token price is still priced like 2022. That's either a value gap or the market knows something I don't. Worth finding out which. What to watch from here: V4 mainnet launch on Ethereum (vote just passed), GHO supply growth month over month, Buyback pace from treasury, whether TVL holds above $24B as market cools I'll be tracking the on-chain data weekly. Source: defillama.com/protocol/aave
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