Nach | Future KOL Arc
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defi felt safer when timewonderland was handing out 1000000000000% apy



There are a few protocols claiming they have no exposure to rsETH, but they actually do. Not having rsETH as collateral does not mean you have no exposure. If you have a material amount of collateral with their balance sheet in one of the affected lending markets, this counts.

I've seen some discussion about the effects of Aave ETH's illiquidity on the rest of the market, with some claiming USDC/USDT markets are not affected. It is important that everyone understands that impairment of the ETH market means ETH/USDX positions cannot be easily liquidated. Liquidations require ETH to sell on the market to repay the debt. There is no ETH to sell with the utilization at 100%. At best, you need a well-capitalized liquidator willing to take the duration risk on aETH. If the ETH price drops, insolvency can spread to stablecoin markets. People should not be downplaying the risks here. This is why SparkLend sets the ETH borrow rate to be very high (122% APY at 100% utilization). Having illiquid collateral is quite dangerous, which is why we have stayed away from these heavily rehypothecated setups. Stay safe out there. Hope this resolves soon.






For people who do not understand how bad the situation is, their most liquid pool is on ETH which has $2.8M. When this gets liquidated, selling this stake on that pool today gets you $2.8M (basically the whole pool). @Dolomite_io has no way to liquidate this and come out as whole from this situation. The stablecoins that were borrowed belonged to people who people who deposited on Dolomite for earning yield. When they go to withdraw it, they will not be able to do so. @CoreyCaplan3 is the founder of @Dolomite_io and the CTO of @worldlibertyfi. He has not commented so far but he seems to be in the right position to suggest this Dolomite rug. It is at the expense of depositors on Dolomite.

The WLFI Team is borrowing $150M USDC against $400M WLFI on Dolomite. The WLFI Team is lending $406.23M of WLFI across 2 wallets. That is 4.99% of the supply, and 97.8% of the WLFI cap on Dolomite. They are borrowing a total of $150M USDC against their holdings on Dolomite.



if you want to speak at crypto conferences, stop being a AI slop caricature of yourself we have been running @eth_milano at its 4th edition this year and with the team we receive speakers applications on and ongoing basis. yesterday we started a batch review of them all: check the company they represent, the description of what they want to talk about, tans the company website, and oh boy if i was triggered this year so much that i started thinking about this post while finish the list basically, 1/4 of the applications this year are 2-3x longer than usual, and they all waste my time so much while reading that i even stop trying and just try to scan for the words that were in the prompt. but your lost all carisma to my eyes in the process then i check the website and when they are vibe coded with sonnet or lovable at best, with endless scrolling of something, i just wonder if anyone will ever read it or if its even finished… there is the big issue here: a conference wants optimally someone with carisma or good stage presence, or at least with an interesting topic to share. putting anyone on stage is a test of the attendees interest and attention, and respecting their time by offering engaging topics is paramount when your description is done by chatgpt you are giving up your own souls and personality for an appearance that no one asked for. your souls got eaten by trying to vibe your way to better form, but the reason why you should be on stage over having an agent vanished with it. attention is the most precious commodity in this AI age, and IRL conferences should represent opposite of vibe coded slides. when you submit an application as a speaker you are the brand and the company is what gives you validation. we assume that someone we never heard of repressing a company has something interesting to say about it, and want to give you a chance to share the experience you and your company accrued. no AI should i be able to channel that, or you are just making yourself redundant so, please stop using chatgpt to make your speech application look more professional while writing a wall of text no one is going to read. the table are turning here. we want to respect the time of anyone applying as a speaker so we check all applications, their website and research their profiles anywhere they are, but if you are starting to waste our time by thinking you can slop your way in, you are fooling yourself in thinking you can fool our audience. tldr: if you have something good to share and really want to speak at a conference, hand write a short description that maximizes the value you can offer. and about your company website, nice try but a vibe coded website where you out 10 ,inures of effort won’t be read by anyone and just give you a bad rep. i’m the AI age less is more, and minimalism is not dead but to the contrary appreciated because you distinguish yourself among the others ps. if you are a great applicant to speak at ethmilan, submissions are still open till end of april, find the form on our website















