Saint Gazy
2.2K posts

Saint Gazy
@GazyEmmanuel
web 3 cryptocurrency enthusiasts saintgazy.skr #solana #solanamobile






The biggest vulnerability in traditional self-custodial wallets is the seed phrase, it's a single point of failure. Lose it, and your money is gone... Someone finds it, and your money is gone @useTria is tearing down this Public Key Infrastructure (PKI) model that relies on a single custodian or absolute user responsibility Instead, they utilize a Threshold Signature Scheme (TSS). You get the security of self-custody without the anxiety of managing a 24-word piece of paper It's a fundamentally better way to manage wealth on-chain We need systems that forgive human error while maintaining cryptographic absolute security. That is exactly what TSS provides. It's the end of the seed phrase era and the beginning of actual usable crypto


@MemeCore_M @Grayscale Officially recognized on @ZachXBT ! We’re just getting started. Please provide a single data point to support your $6B mkt cap at a top 20 token and why insiders hold >90% of supply.


Arbitrum Security Council just recovered $70.9M from the KelpDAO hacker. Here's what this changes 🧵 🧊 CONFIRMED FACTS → 30,766 ETH seized (~$70.9M) → Funds moved to a secure intermediary wallet → Coordinated with law enforcement → Exploiter no longer has access → Future movement requires governance approval First major L2 intervention of this kind. 📊 AAVE EXPOSURE (from official incident report) Attacker borrowed from @aave : → Ethereum Core: $122M WETH → @arbitrum : $68.7M WETH + $2.3M wstETH → Total: ~$193M Original stolen: 116,500 rsETH (~$292M) Kelp adapter left with: 40,373 rsETH backing 152,577 rsETH of remote claims 🎯 SCENARIOS (per Aave/LlamaRisk report) 🟡 SCENARIO 1 — Uniform socialization → Loss spread across ALL rsETH holders → rsETH haircut: -15.12% → Aave bad debt: $123.7M → @ethereum Core absorbs $91.8M → Umbrella module ($54M) covers part → stkAAVE stakers burn for the rest 🔴 SCENARIO 2 — L2 isolation → Mainnet rsETH fully protected → L2 rsETH haircut: -73.54% → Aave bad debt: $230.1M → @Mantle_Official : 71% WETH shortfall → @base : 23% shortfall → @inkonchain : 18% → Umbrella does NOT cover L2s → DAO treasury + ecosystem partners cover Arbitrum's recovery reduces both scenarios. The final impact depends on Kelp's loss allocation decision. 💰 AAVE'S RESOURCES → Treasury: $181M → 2025 revenue: $145M → Indicative ecosystem commitments already secured 🧠 WHAT IT MEANS → Aave Ethereum Core users: monitor governance, Umbrella pause expected → Aave Arbitrum users: Security Council action is a positive signal → Aave Mantle / Base / Ink users: most exposed under Scenario 2 → rsETH mainnet: backed by real staked ETH → wrsETH on L2s: most uncertain asset in the system The decision isn't Aave's. It's Kelp's. @KelpDAO chooses where the pain goes. Report: governance.aave.com



















