Jorge Rodríguez (Lince)

We decided to work on structured risk before latest incident, but circumstances just showed once again why risk management is important and the lack of protection in DeFi. Today I kick off a serie of videos building in public Structured Risk until for @colosseum Hackathon. A product that puts Risk in the center and allows you to decide your side. Bet on protection with a shielded position or go all in choosing amplified and get extra yields ⚖️ Introduction:

@sol_nxxn @solana @LinceFinance as usual

Solana DeFi is dead? 💀 It’s been a tough week - but it’s not going anywhere. On the contrary, with security upgrades, tons of new assets coming to Solana, and hundreds of great products - DeFi season feels inevitable. What DeFi products are you using? 🤔

@luccixbt Can give anytime 🫶

@jorge_rl02 I need itttt

As a founder, you need data. I built a small analytics software to track all my projects' visits + revenue data to know which channels bring people and what brings users. If you want to take your project to the next level, do this.

@LinceFinance when you think we get back to +6B?

Solana DeFi TVL is showing early signs of recovery after the Drift exploit. From a low of $5.35B on Apr 4, total value locked has climbed back to $5.68B, recovering ~$330M in 4 days.

@retiredchaddev did you invest in any company running on chain but targeting web2?

My trad VC book is at 20-30% IRR, hasn't been hacked or rugged once, and approx 50% of my investments historically have given good returns. This last 4 years in crypto, my angel book is more or less 0, wiped off 8 figures. NFTs wiped off mid 8 figures, despite the products and teams making several millions. Crypto founders don't really care about their token holders or jpeg holders, and after a certain point, don't even care about their product. This is a dogshit industry with just wet dreams of getting rich quick, not building something of value and legacy. That's the unfortunate reality. One thing that's slightly better is the infra layer that doesn't have tokens and is akin to b2b SaaS.

@LinceFinance protect solana defi

Solana DeFi is leveling up security. Following the recent Drift Protocol incident, the Yield Tracker shows a clear shift: • More protocols moving to multisig setups • Higher approval thresholds (2/3 → 3/5 → 4/7) • Widespread adoption of Squads Pattern consistent across newly deployed and updated programs.

@LinceFinance fr

@jorge_rl02 Only possible with the Yield Tracker

@SimkinStepan You guys just have good taste

@yo_itsmatt @SolanaFndn W

I've survived 3 bear markets for this moment I'm joining @SolanaFndn as Head of Product Marketing I've been in this space long enough to know the difference between another cycle and a real shift This is a shift Stablecoins have processed $21.5 trillion in onchain transfer volume since January with Solana hitting $650B in stablecoin volume last month - more than any chain ever Stablecoin volume on Solana overtook Ethereum in December and Real World Assets on just hit an ATH crossing $2B Visa, PayPal, Worldpay, SoFi and the world's biggest financial players are building on the network And this is just the first wave The path for real adoption of onchain finance is finally becoming clear And Solana is where it's happening The most transactions processed, the most active addresses, the most developers It's Solana's time I'm joining to help the whole ecosystem grow by helping more businesses and people understand and use the network for payments, trading, finance, and whatever comes next In my career I've marketed to 250M+ users, built institutional brands from scratch, developed growth programs that scale, managed global campaigns, and brought communities and builders together across the world Everything I've learned goes toward one thing now Making Solana win Let's cook

@sol_nxxn @solflare @Ledger @Titan_Exchange @KASTxyz @kamino @Arcium @debridge @MagicEden Yield agg: @LinceFinance

Let's make it clear now - 1 crypto product in each category 📜 Wallet: @solflare Hardware wallet: @Ledger, @solflare Swap: @Titan_Exchange Debit Card: @KASTxyz Lending: @kamino Privacy: @Arcium Bridge: @debridge Yield stablecoin: $PRIME NFT Marketplace: @MagicEden Prediction Market: @Polymarket

@8bitpenis Sent 🫶

@jorge_rl02 👀 dms open

if you're a project or a judge wanting to take part in this this friday dm me! for the first ep, having a live raise isnt a requirement so, this is pretty much open to anyone cool!

@0xMrCurly @solana That proofs who is strong enough to make it on bull

@jorge_rl02 @solana User adoptions still the main hurdle though, even with good tech.

Bear market Protocols hacked Average yields available It’s the best time to build on @solana DeFi

@0xfablo @solana Fr

@jorge_rl02 @solana This helps with building solid foundations when things are tough.

@derparsel @elementaldefi @stabbleorg @MarinadeFinance @DivvyBet @thesaberdao @parasol_finance @Onering_Finance You going to replace zach? Nice research

I did more research on this guy showing that he was not only on payroll for @elementaldefi and @stabbleorg, but also @MarinadeFinance (Engineer) and @DivvyBet (CTO). Other projects he was working for that are not live anymore: @thesaberdao, @parasol_finance, @Onering_Finance.

@SolanaFloor @zachxbt @elementaldefi why would you guys push this?

🚨JUST IN: Onchain investigator @zachxbt reveals Solana DeFi project @elementaldefi had a DPRK IT worker on payroll for years.

@moothefarmer To be honest, I agree. Silence and not being accessible to your users is what sucks more, and not just in a crisis, but always. We live off users' trust, and we should pay off with our attention

/start_rant I’ve spent the last 4 years obsessing over one thing: --> Trust <-- Not marketing. Not TVL. Not hype. --> Trust <-- We designed Elemental’s architecture from the ground up with paranoia. Tight opsec. Conservative security assumptions. Even down to personal decisions, I’ve EVEN avoided unnecessary moderately "risky" activities (bungee jumping, skydiving, etc) because key-man risk is real in this space. That’s the level of discipline required. That's the level of sacrifice needed. And yet, none of that mattered when @DriftProtocol went down. Let’s be clear. This wasn’t just “a sophisticated DPRK attack”. That’s the EASY narrative. The raw truth is this: Basic security UTTERLY, ROYALY, DISGUSTINGLY, failed. A 2/5 multisig + signing devices freely downloading external apps? For a protocol managing hundreds of millions, that’s pure negligence. As your protocol grows, your security standards must scale faster than your TVL. Drift didn’t. The result? Countless users lost huge swaths of money. A number lost life savings. Many projects got hit and I know a handful probably will not survive this. Even seemingly unrelated protocols took damage: @kamino 's Sentora vault alone saw ~$220m exit in a flash. @JupiterExchange 's JLP dropped ~$160m. And the worst part? I’ve had countless users tell me they’re leaving DeFi entirely. Not just @solana DeFi. They're exiting DeFi entirely and going to put their money back in banks. That's insanity. We literally spent all of our effort trying to build a better future of finance, and then Drift bombed us back to the stone age. And I don’t even blame these users. Trust, once broken, is almost impossible to regain. Leadership matters most in moments like this. Mistakes happen. They always will. I’ll likely mess up somewhere, someday too. I am, after all, human. But silence? Deflection? Delegating responsibility instead of owning it? That’s a complete bankruptcy of character. @cindyleowtt has said almost nothing aside from: "Today has been an extraordinarily difficult day for Drift. I’m incredibly grateful for the outpouring of support from the community." No apology. No remorse. No accountability. @davijlu is even worse. Zero posts. They pushed everything onto their BD staff, Tracy, to handle communications. I’ve only heard from Tracy. Nothing from David. Nothing from Cindy. In fact, nothing from anyone in Drift’s leadership. This is a live masterclass in gross management failure. Utter incompetence. Realistically, given how DeFi operates and how most teams are structured, it’s unlikely there will be any meaningful legal recourse for users. I’m not a lawyer, so I could be wrong. But I do hope karma comes at them, full force. /end_rant

@decrypthegame @colosseum @LinceFinance Open a ticket on discord please

@jorge_rl02 @colosseum @LinceFinance When can i withdraw my money on @LinceFinance

We decided to work on structured risk before latest incident, but circumstances just showed once again why risk management is important and the lack of protection in DeFi. Today I kick off a serie of videos building in public Structured Risk until for @colosseum Hackathon. A product that puts Risk in the center and allows you to decide your side. Bet on protection with a shielded position or go all in choosing amplified and get extra yields ⚖️ Introduction: