Sosujung | Sung

"so you staked your ETH on the Ethereum blockchain to earn yield?" "yes, Dave" "except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?" "that's correct, Dave" "and Lido gave you a liquid staking receipt token called stETH in return?" "yes, Dave" "and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?" "you are correct, Dave" "and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?" "you got it, Dave" "and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry" "you are 100% correct, dave" jfc.

1/ i forgot about a decision that touches every user's first login privy auth. wallet-first to social-first pivot. made the call in february, wrote it down, moved on three weeks later nobody's checking if the assumptions still hold. nobody exists to check

1/ been using ai more in coding lately not chasing speed more like trying to see where it actually changes outcomes

Set a reminder for my upcoming Space! เสาร์ที่ 7 กุมภา 3 ทุ่ม มาดูวิธีรับ ARB rewards twitter.com/i/spaces/1gqGv…

ถือ $ARB ไว้เฉยๆ อาจเสียโอกาสสร้างรายได้! 💸 Curia เปิดตัว “Delegator Reward Sharing Program” แบ่งผลตอบแทน 10% ให้กับผู้ที่ Delegate เหรียญมาที่เรา ✅ ไม่ต้อง Stake ✅ ไม่ต้อง Lock เหรียญ ✅ เพียงแค่ Delegate ก็มีสิทธิ์รับ Reward ทันที 👇

Tally wrapped: @Obol_Collective Obol built governance infrastructure for decentralized staking. Token launch. Delegate compensation. Revenue sharing. → 9 proposals voted on → 6 passed, 3 defeated (healthy debate) → 165k OBOL allocated to delegate compensation → TVS grew from $1.2B to $3.2B → Transitioning to programmatic revenue sharing Read the full recap: blog.tally.xyz/tally-wrapped-…

Just submitted the Unification proposal for final governance vote Voting starts on 12/19 at 10.30pm EST and ends on 12/25 If it passes, after a 2 day timelock period: 🔥 100m UNI will be burned 🦄 v2 + v3 fee switches will flip on mainnet and begin burning UNI, along with Unichain fees 📜 Uniswap Labs will allign itself to Uniswap governance with a contractual agreement, recognized as legally binding in the state of Wyoming under their DUNA law Delegates: vote before Christmas or end up on Santa's naughty list! vote.uniswapfoundation.org/proposals/93

This was Governance Day Devconnect BA 2025 ⚖️🇦🇷 On November 15 and 16, during @EFDevcon, we brought together builders and professionals for two days of debates, learning, and connections that continue to drive the future of coordination in Web3. Thank you all for making this a space filled with ideas, projects, and conversations that raise the standard of decentralized governance. 🩶 See you in the next edition. 👋

LaRootling in El Chalten 🗻#RootlingOnTheMove @RootstockColl

Uniswap Launches Up to $15.5M Bug Bounty Ahead of UNIfication Vote 🦄 @Uniswap has deployed the UNIfication contracts to Ethereum mainnet and opened one of the largest bug bounties in DeFi, offering rewards up to $15.5M for anyone who discovers a critical vulnerability in the new Protocol Fees system. The contracts have already gone through four independent audits, and this bounty invites an extra round of open security review before the onchain vote moves forward. Why it matters 🔹Incentivizes deep testing of core fee infrastructure 🔸Strengthens reliability ahead of a major protocol upgrade 🔹Invites ecosystem participation in securing the protocol A proactive step to validate the upgrade before it becomes live governance reality.

1,299 days to reach $1T 682 days to reach $2T 402 days to reach $3T $4T now loading 🦄

Uniswap UNIfication: Shape the Next Era of the Protocol 🦄 Uniswap is voting on UNIfication, a major upgrade aligning protocol fees, incentives, and development under one unified system. This moment defines how @UniswapFND captures value and evolves as the default DEX for onchain liquidity. Highlights 🔹Activate protocol fees and direct all revenue to UNI burning 🔸Route @unichain sequencer fees into the same burn mechanism 🔹Launch Protocol Fee Discount Auctions to improve LP returns and internalize MEV 🔸Add aggregator hooks in @Uniswap v4 to collect fees from external liquidity 🔹Burn 100 million $UNI from the treasury to reflect historical fee capture 🔸Transition ecosystem teams from the Foundation to Labs for protocol-focused development 🔹Migrate and burn governance-owned Unisocks liquidity to finalize its supply curve UNIfication coordinates developers, LPs, governance, and UNI holders around a shared growth model. 🗳️Vote live now on Snapshot until 23 Nov: snapshot.org/#/s:uniswapgov… 📝Forum post by @haydenzadams: gov.uniswap.org/t/unification-…

Just submitted the UNIfication proposal for temperature check 🦄 If this vote passes, the only step left is the full onchain vote snapshot.org/#/s:uniswapgov…

Announcing Merify. 💫 by curiaLab In DAOs, contributions are fragmented and incredibly hard to track. Valuable contributions go unrecognized, making true accountability difficult. It's time to change the system. ↓ We believe in Reputation, Verified by Merit.

🔥 DAO tooling is hitting a breaking point. What do builders actually need, and what is just adding noise? Introducing our panel: “DAO Stack Essentials: Where tooling is needed most?” ⚙️⚖️ A deep dive into the DAO stack to identify which tools solve real pain points and where we should draw the line. 🎤 Speakers: @0xGonzacolo (@wakeuplabs) @0xCallme_t (@PowerhouseDAO) @0xNN2 (@hatsprotocol) @JordanImran2 (@AragonProject) 👏 Host: @v3eth (@Curia_gov)

Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem Uniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual trading UNI launched in 2020, but for the past 5 years Labs has been unable to meaningfully participate in Uniswap governance, and has been greatly restricted in the ways it can build value for the Uniswap community. That ends today! This restriction was in great part due to a hostile regulatory environment that cost thousands of hours and tens of millions in legal fees. Fortunately, the regulatory environment has shifted This proposal comes from a strong desire to see the Uniswap protocol win as the global decentralized exchange for tokenized value At a high level, the proposal: 1. Turns on protocol fees and uses them to burn UNI 2. Sends @unichain sequencer fees to the UNI burn 3. Burns 100M UNI from the treasury representing the protocol fees that could have been burned if fees were turned on at token launch 4. Introduces Protocol Fee Discount Auctions, a new way to improve LP outcomes and internalize MEV to the protocol 5. Introduces "aggregator hooks” which will turns Uniswap v4 into an onchain aggregator that collects protocol fees on external liquidity sources 6. Focus Labs on driving protocol growth and adoption, including a contractual agreement to only pursue initiatives that align with Uniswap governance interests ^ As part of this, Labs will stop collecting fees on its interface, wallet, and API to supercharge distribution and adoption of the Uniswap protocol 7. Moves Foundation employees to Labs with a shared goal of accelerating protocol growth, under a growth fund from the treasury 8. Move governance-owned Unisocks liquidity to v4 on Unichain and burn the LP position I believe Uniswap protocol can be the primary place tokens are traded. This proposal sets the stage for the next decade of its growth @Uniswap will ship relentlessly over the coming years and supercharge the ecosystem of developers, LPs, and traders building on top I'm so grateful to the community that has made this all possible, and excited for what's next 🦄

1/ LEGO Framework Update: Optimizing Lido’s Ecosystem Grants 💪🏻 The @LidoFinance Ecosystem Grants Organization (LEGO) @LidoGrants has introduced a proposal to update its operational framework based on two years of activity and spending data. The goal is to optimize fund allocation, simplify the budget structure, and refresh the LEGO Council composition to ensure long-term efficiency and transparency. 📍 Key Points 💰 Quarterly budget reduced to $250,000 (previously $500,000) 💵 Stablecoin-only funding (no more $LDO allocations) 👥 Personal approval pool of $15,000 per LEGO Council member ❌ Discontinuation of the LEGO Nominees program 🔄 Council update: Sam K replaced by zuzu-eeka Here’s what the proposal means for the Lido ecosystem 🧵

So incredible to see the growth of our partner @Obol_Collective Super excited to see the growth of the team and their network. To learn how @tallyxyz can help power your success, reach out!