DefiMoon 🦇🔊

After reading the docs, this seems to be nothing special and doesn't add much to HL. All trades are "synthetic swaps between user & LP" - No trades are executed on HyperCore. Then how is it really built on Hyperliquid apart from being on HyperEVM @izebel_eth? Sounds too risky to be an LP on this, depositors would be taking huge risks. Whales / malicious actors could open trades with 1000x lev with 0 slippage then drain LP's. tl;dr this could have been built anywhere, years ago. You could have simply used a CeX oracle & built it on Ethereum or Solana. None of HL's unique tech is utilised. Extremely risky to LP on. Deploying on HyperEVM only seems to be a marketing tool.

🚨The founder of the YieldBasis project is selling $YB tokens For a long time I supported @yieldbasis but the points below raised several major red flags for me. When I tried to ask about them in the TG chat, I was muted just like anyone else who asks “uncomfortable questions.” 1️⃣ @newmichwill - The founder has been selling $YB tokens from his doxxed wallet (labeled as Michael Egorov) almost since listing Whether these come from vote veCRV rewards or not doesn’t matter - when a founder consistently sells instead of accumulating or staking, it means he sees the token as overvalued. If he saw greater value in it, he would be selling other tokens if he really needed to. When asked about it on TG, the answer was: “I need money for bills.” For someone who raised millions in private and public rounds - that’s absurd. 😆 Michael is also lying on Telegram about he sold only a few thousand tokens, while the blockchain clearly shows it’s over 200k - screenshot below Addresses from which the tokens are being sold: etherscan.io/token/0x01791f… etherscan.io/token/0x01791f… There are more wallets linked to his doxxed addresses. Anyone who wants to can investigate it themselves. 2️⃣ Team tokens: (When I found out about this, I was surprised because I was planning to put my tokens into staking. At this point, I have no intention of doing that)👇 The tokenomics say 6-month cliff + 2-year vesting, but the team can claim vested tokens and stake them from day one to farm protocol revenue. Result? The team has already staked 15M YB, which is ~65% of the entire staking pool (23M). This heavily dilutes APR for people buying tokens on the open market. The team allocation is 250M tokens → after the 6-month cliff, they’ll have around 62.5M in staking. Most of you probably didn’t know this, because in most tokenomics a cliff means that during that period no one has access to those tokens not just for selling, but also for participating in DeFi. There are also other economic aspects of holding such a large amount of tokens, but I won’t go into that here. Huge inflation + massive dominance of protocol revenue. The address from which the team claims the tokens and deposits them into staking: etherscan.io/token/0x01791f… ➡️ With team continuously adding supply into staking, even rising BTC TVL may not stop APR from being diluted. This can seriously reduce demand for buying $YB from the market. Tokenomics: docs.yieldbasis.com/user/tokenomics 3️⃣ After asking these questions on Telegram, I was muted. Lack of transparency = big red flag. 4️⃣ Private-round investors have the same vesting conditions as the team. It means that they can also claim their tokens during the cliff period and put them into staking, which will dilute the revenue even further. 5⃣Summary: Fundamentally, the project works and generates revenue that should soon be distributed. However, because the team and investors can claim their tokens during the cliff period and stake them, most of that revenue will likely go to them. This means that people buying $YB on the market and locking it for 4 years will see their APR constantly diluted. Another issue I mentioned is that even the founder of the project is selling the tokens he receives as rewards at this price which signals a lack of confidence in higher valuations. You can judge for yourself whether you want to hold the token or stake it for revenue or not. In the comments, I’m posting several screenshots from the project’s Telegram channels, from which I have already been banned or muted under the pretext of “FUD,” when in reality it was simply for asking “inconvenient questions.”

Golem Foundation and Golem Factory are contributing a combined 1000 ETH from our treasuries to @aave's coordinated DeFi relief effort following the rsETH incident. We've been working closely with the Aave team this week in a supporting capacity. Our contribution will go toward restoring rsETH backing and enabling an orderly resolution for affected stakeholders. Glad to stand with @aave and the rest of the ecosystem responding here. DeFi United.