@ChainDigger82@FlashTrade I like the LP there with a "dividend" mode, jupiter definitely lost a lot of trust after the cancelled airdrop and honestly it is expensive & lending poor apy etc.
After Jupiter walked back the airdrop, I started looking for alternatives.
Ended up using @FlashTrade more lately.
• 0% fee limit orders (real orderbook)
→ Jupiter “limits” still pay swap + routing fees
• More perp pairs
→ not just BTC / ETH / SOL
• Lower entry fees on perps
→ ~0.05% vs ~0.06% (+ different funding model)
Feels like this is flying under the radar.
April DeFi Stress Test: A Tale of 3 Exploits
Relentless transparency vs. Total silence.
90-100% recovery vs. 80-year IOU. @rhea_finance & @KelpDAO showed what "DeFi United" looks like. @DriftProtocol obliterated its reputation & damaged the whole ecosystem.
Choose wisely.
~10 DeFi exploits in April. Not over yet.
AI is making hacking easier.
rsETH just exposed LST risks again.
Everything is connected.
One failure cascades.
“Safe” isn’t safe anymore.
I pulled most funds from protocols.
LSTs → native staking.
DeFi is getting more dangerous.
I am back as promised :)
Time to start the $50 → $100,000 challenge
It’s ZERO-RISK, I’ll cover $50 for each participant
Last time it took me about 12 days, will try doing it faster this time
If you want to follow along, comment "Me" below and I’ll send you an invite to the call group
Gonna lock comments in 24 hours
April isn’t even over and I’ve already been hit twice.
@DriftProtocol:
– ~2 weeks silence
– IOU token on future fees
@RheaFinance:
– response in hours
– postmortem <24h
– working on compensation
Same space. Very different care for users. Not happy to be involved in 2 exploits.
So @DriftProtocol is relaunching, but let’s talk about the 'recovery' logic. The Insurance Fund—specifically designed to cover protocol risks—stays 100% intact for stakers. Meanwhile, low-risk vault users get 0% liquidity and a 'Recovery Token' backed by prayers?
This is how Solana DeFi loses its users — not just from exploits, but from how teams respond. SOL price is affected, Solana chain is losing TVL, ppl scared and migrating away from Solana... Some friends of mine left DeFi forever thanks to DRIFT...
Before exploit: asleep on security
After exploit: asleep on communication
At this point, it’s not incompetence — it’s indifference.
@DriftProtocol still sleeping, according to their update speed.
"Actively working" looks a lot like "actively ignoring" from this perspective.
@ChainDigger82@DriftProtocol Ya, exactly, one would expect to apologize be the first reaction and be pinned on X, alongside with the information about timeframe of future payout of the rest of funds... They do not care about the users at all
In DeFi, exploits happen. But response defines the protocol.
@DriftProtocol:
– 2/5 multisig
– no timelock
– no refund clarity after 5 days
– no accountability, no apology
Security failed. Communication failed. This is destroying the last remaining trust in the team/protocol.
Another detail I like:
The pool holds JitoSOL, so LPs also capture staking yield on top of trading fees.
Recent ranges roughly:
JLP → ~20–35%
FLP / sFLP → ~40–50% average (with liquidation spikes)
Curious what others prefer:
Auto-compound LPs
or
Dividend yield?
Been testing perp LP vaults on Solana for months.
Currently using both:
• JLP (Jupiter)
• FLP.1 / sFLP.1 from @FlashTrade
Same core idea: LPs are the counterparty to traders → earning trading fees + trader losses.
But FlashTrade added a clever twist 👇
95% of DLMM LPs on Meteora make the same mistake:
They LP trends.
But DLMM actually performs best in CHOP.
Bad for LP:
100 → 110 → 120 → 130
Good for LP:
100 → 104 → 98 → 103 → 97
Here’s a Badger Guide to LP-friendly markets 🦡👇
I've been testing most yield-bearing stablecoin vaults on Solana over the past few months.
Current yields roughly look like this
mUSD (@mooncake_fi) ~22–23%
pbUSDC (Piggybank) ~21%
ONyc (@onrefinance) ~10.25%
USD* (@perena) ~9.9%
PST (@humafinance) ~8%
CRT (@DeFiCarrot) ~5.5%
After years of using traditional HW wallets…
I didn’t expect @solanamobile Seeker to replace them.
But it did.
If you’re active in Solana DeFi, this isn’t just another device — it’s a different experience entirely.
The gap in UX is real.