Peter Gray
1.3K posts

Peter Gray
@PGee13
I am not Peter, I am a legend. 🪐 BD at @Originprotocol

hello someone from circle reach out asap, seeing high likelihood of a potentially large exploit


Update on the Resolv incident: Debt repayment is ongoing and will continue until 100% of affected user funds are covered. As of today: • ~$70M of USR-related debt on BNB and Plasma chains has been repaid. The remaining debt will be settled over the coming days. • A governance proposal to transfer the remaining USR debt positions to the team multisig, to further settle them with the Resolv team, has been published on-chain. • A compensation plan for all affected USR users will be shared shortly. All Fluid markets are safe and operate as intended. All user funds remain secure. We will continue to provide daily updates as the situation progresses.



Of the lending protocols we currently track, Fluid consistently has the highest loan-to-deposit ratio, typically ranging between 40-50%.








As the Snapshot for the $51M "Aave Will Win" ask drops tomorrow, take a look at our Audit of Aave Labs' performance and their ~$86M in funding they've received to date. This deserves the community's full attention before any major decisions. Read the full post here: governance.aave.com/t/aave-labs-86…



It’s with a heavy heart that we announce we won’t be launching Terminal. Why we made this decision Terminal was originally designed to be @convergeonchain liquidity hub. We completed the full codebase and were ready for a Q1 2025 launch. However, the Converge chain never went live as expected, and a launch doesn’t appear to be planned for the near future. This left us with deposits and a fully built protocol, but without the ecosystem it was designed for. We explored multiple pivots but none were compelling enough. Each option came with material blockers: limited support, low asset-onboarding potential, weak long-term perspective among others. Ultimately, we were not convinced that any of these paths would lead to a successful long-term project. Launching a project just to launch a project goes against our principles. Preserving integrity is paramount. To Roots holders All principal is preserved, and all user deposits remain backed 1:1. Participants are able to withdraw their deposits 1:1. Each current Pendle position is entitled to the Ethena Sats earned, the sUSDe yield associated with it, as well as etherfi points. A tough call To our supporters, LPs, ambassadors— we’re sorry. This is a difficult decision, and we know it’s painful for everyone. We are all losing something today. But we believe this is the most honest and responsible path forward. We will open-source the fully audited protocol codebase. Terminal was designed as a MetaDEX with a novel mechanism to address yield-derived impermanent-loss and reinject yield to bribe markets, improving the model economics by default. Thank you for being with us on this journey.























