Jan Osolnik

Update for our LPs: Our @Kamino lending vaults are functioning as designed with no exposure to @ResolvLabs USD (USR). All positions remain healthy and operating normally with zero impact to suppliers. We continue to monitor the situation closely.

We've published the post-mortem on the March 15 THE market incident on @VenusProtocol. ~$2.15M in bad debt, isolated to THE and CAKE markets. No smart contract compromise. Here is the full breakdown: preparation, attack mechanics, root cause, and remediation 🧵

Allez USDC @kamino vault just crossed $1M in interest paid to depositors 💰 How it works: → Allocates across Kamino Core, RWA and Other Markets → Caps max exposure to each specific market → 7.4% APY over the last 90 days Yield with guardrails 🛡️

RWA markets have reached 35% market share on @Kamino with over $1B supplied. Users want yield and they’re taking advantage of real world yield options to earn up to 20% APY with Kamino Multiply. 🥇 Prime Market by @Figure and @HastraFi 🥈 @maplefinance Market 🥉 @onrefinance Market

Today we open source Nomos 1. At just 30B parameters, it scores 87/120 on this year’s Putnam, one of the world’s most prestigious math competitions. This score would rank #2/3988 in 2024 and marks our first step with @hillclimbai towards creating a SOTA AI mathematician.

Anarcho-capitalism is a wonderfully abstract ideal that can inspire innovation. It helped inspire me to help invent cryptocurrency. But real-world cryptocurrencies are not trustless -- they are trust-minimized. Each cryptocurrency has a legal attack surface, representing the kinds of ways governments and/or private entities can practically use law to disrupt their operations. The layer 1 of a good trust-minimized cryptocurrency like Bitcoin can withstand much more interference than centralized technologies could or can, but the technology still has its limits. The kinds of attacks that come from financial law have largely proven to be manageable, due to a combination of the trust-minimized (not trustless) technology, which requires diligent attention from developers motivated to keep it a trust-minimized form of money, and a large army of cryptocurrency industry lawyers who specialize in financial law. The legal attack surface from arbitrary data is far larger and far less predictable. The crypto industry does not have the legal expertise to deal with it. Thinking that Bitcoin, or any other cryptocurrency or blockchain protocol, is a magical anarcho-capitalist Swiss army knife that can withstand any kind of governmental attack in any legal area is insanity.

Explored a more philosophical/somatic side of freediving in a new essay. Worlds away from crypto data science, yet strongly complementary. Had a blast writing it, hope it’s half as engaging to read: janosolnik.substack.com/p/on-somatic-i…

ETHEREUM ACCELERATION . With @matthuang, @danrobinson & @_charlienoyes.

Introducing a new Stablecoin Rates Dashboard - Sphere 🔮. Aimed to be a neutral, go-to dashboard for borrowers to check all relevant data before opening a CDP in the DeFi lending protocols. Now in one place, you can: - Find currently the lowest borrowing rates in DeFi ✅ - Simulate borrow rate impact (e.g. for borrowing $10M) ✅ - Check stablecoin historical borrow rates across DeFi blue-chip protocols ✅ - Check additional per-pool parameters (max leverage, LTVs, utilization) ✅ - Simulate potential slippage in case of unwinding in one tx [SOON] ⏳ Dashboard: sphere.blockanalitica.com

Core Vaults represent over 45% ($5.38 billion) of the collateral backing within the @SkyEcosystem. This thread provides an overview of Core Vaults and Collateral Auctions, along with a step-by-step guide on how to explore these features using the Sky Risk & Analytics Dashboard.

This week's #TokenEngineeringReads focuses on #RiskManagement, covering questions like: 🔍 How to quantify risk effectively? 🧠 How to predict environmental worst cases? 🌐 How to model network participants' future behavior? Link: buff.ly/3wphKxF 🧵@akrtws @gumptree0346

After a strong initial adoption of $20M on Block Analitica and @bprotocoleth’s Flagship MetaMorpho (@MorphoLabs) wstETH/WETH vault, it’s time to start building a robust risk modeling methodology to manage MetaMorpho’s market risk. Introducing the MetaMorpho Risk Model 1/11

@ajnafi is an innovative lending market, operating without oracles. It works through unique mechanisms which are different from leading lending protocols. This is the first of a series of educational threads to make Ajna understandable to everyone. Scroll to learn more ⬇️ 1/11

🦋 Launch announcement 🦋 We’re thrilled to announce that our new Flagship USDC (bbUSDC) MetaMorpho vault, co-curated with @bprotocoleth is live today ! This Vault will deposit only into blue-chip crypto markets with no RWA exposure. 1/9

We just published “2023: Risk Year in Review” to the @MakerDAO forum! 🗓 The post highlights @BlockAnalitica's key tasks and activities as a Maker Ecosystem Actor in 2023. We also explain our strategy for the year ahead. Read the forum post here ⬇️ forum.makerdao.com/t/2023-risk-ye…

1/15 Part of @BlockAnalitica’s mandate at @MakerDAO is to help in the development of the Stability Scope. This includes interpreting MIP edits and proposing protocol parameter adjustment proposals. 📊 In this thread, we highlight important changes from January. ⬇️

With the rapid growth of SparkLend to more than $3B in supplied amount, it’s becoming increasingly important to build a robust risk methodology to make better-informed decisions. Introducing SparkLend Risk Model 🚀 1/8

defisaver gotta be one of the best teams in crypto no hype, no ponzinomics, no drama, just heads down shipping useful products

🦋Morpho dashboard is live!🦋 Following the deployment of @MorphoLabs, we have launched the new dashboard where you can monitor all of the key risk metrics. Scroll down for a deep-dive into its features! ⬇️ morpho.blockanalitica.com 1/10

Improving risk management's transparency is one of the biggest challenges for DeFi to truly scale. @BlockAnalitica & @bprotocoleth are cooking lots of things for their MetaMorpho vault to solve this. Yesterday, they released a very complete dashboard on their vault: