mad freak

@TheCoinPumper @gauntlet_xyz @gauntlet_xyz should learn from fluid.

@gauntlet_xyz Wouldn’t trust Gauntlet vaults right now. They effectively froze withdrawals on both Extrafi and Resolv. Resolv is one thing, but Extrafi held a lot of user funds shutting it down without stepping in to handle the losses feels wrong. Users shouldn’t be left paying the price

All Gauntlet-curated Kamino vaults have been migrated to whitelisted reserves. This includes $USDC Prime, $USDC Frontier, $SOL Balanced, and $CASH vaults. Whitelisted reserves enforce allocation controls at the smart contract level, so vault assets can only flow into reserves explicitly approved by Kamino's protocol multisig. A significant infra upgrade from @kamino.

@davemuskrat1488 @WatcherGuru its all pump and dump

@WatcherGuru No strait is closed and Iran didn’t accept anything yet. You should edit this tweet bro.

BREAKING: 🇺🇸🇮🇷 US and Iran agree to 2-week ceasefire, completely reopening Strait of Hormuz.

@xbits0 @shafu0x @Morpho @gauntlet_xyz same here, @gauntlet_xyz is worst of all

@shafu0x You’re right. My fund got stuck in @Morpho ‘s vault curated by @gauntlet_xyz , now with resolv hack it’s considered lost without any resolution. It didn’t worth the risk absolutely.

ok we seriously have a big problem in defi rn The risk for the yield you get does not fucking make sense. You have the risk of loose everything. And for what? An extra 40 bps or something. Does not make any sense. No circuit breakers, no protections, nothing. Which would be acceptable if you get more yield. But you don't. Why would I put my money in Morpho or Aave when I can just put it into t-bills. Dao drama, north korea and hacks everywhere... We need to grow up or accept that on-chain lending is for people that cannot off-ramp for different reasons. (You know the reason lol) The solution? I don't know tbh. I wish I knew. Circuit breakers on the corpo chains would make a ton of sense imo. But yeah tradfi will eat defi if we don't fix things. Would love to open up a discussion here. Something I don't see? Potential solutions? I love defi. I was building in defi for 4 years. But I'm seriously considering moving everything to my bank account. Which is crazy to think about.

@talkintokens @0xArhat as much strong as gauntlets resolv and extrafi vaults which have locked users withdrawls

“how maple's deposits are actually structured on morpho” these aren’t maple deposits? these are individual users depositing maple assets onto Morpho & they’re not “structured”? They are just using lending markets for leveraged strategies which allow for higher returns in exchange for higher risk of potential losses due to liquidation in the event Maple experiences a credit event which has happened 0 times over 3 years since Maple Direct started running overcollateralized lending strategies. Lenders have not been impaired even 0.1%… ever. Maple has an incredibly strong track record of professional risk management, which substantiates the LTVs in these lending markets Hope this helps

looked at how maple's deposits are actually structured on morpho. the numbers are wild. maple's app shows ~$252M in deposits earning yield from corporate loans, looks clean. but onchain there's only $40m of actual equity behind all of it. the rest is borrowed. 6.2-6.9x leverage across three markets and zero liquidations have ever happened on any of them. the borrowed capital funding it is $115M in RLUSD and $90M in PYUSD. maple's v1 pool defaulted in dec 2022 for ~$36M and that was 1x leverage. at 6x, a 10% credit impairment wipes 62% of the equity. the same kind of event today would eat $23m of the $38m backing these positions. syrupUSDC isn't a liquid spot asset, it's a yield bearing wrapper around maple's lending pools. if a credit event triggers liquidations, liquidators need to sell syrupUSDC and there might not be enough buyers at a fair price.

@uhmnokek @gauntlet_xyz you ain't getting your money back , gauntlet does suppliers dirty, its like either be quick or loose everything.

@gauntlet_xyz Guys, I still have no idea what happened !!! I put my money with low percentage do not risk with whole amount, you know. You disabled withdrawal and say nothing about the money. And I still have no idea if those burned, or fixed or what even happened. Crazy.

So far, Resolv has not issued a remediation plan following its exploit. We continue to pursue all avenues for full recovery. To minimize the impact, we conducted market removal actions on the vaults below following timelocks. If we are able to realize recoveries from this incident, we expect to set up a claim contract for affected suppliers. - USDC Core on mainnet (v1): wstUSR/USDC market removed, $7.6M liquidity The following vaults will be deprecated with no new supply permitted: - USDC Frontier (v1.1): wstUSR/USDC, PT-RLP-9APR2026/USDC, and RLP/USDC markets removed, $4.3M liquidity - Resolv USDC (v1.1): RLP/USDC, USR/USDC, wstUSR/USDC markets will be removed after the 3-day timelock - Seamless USDC (v1.1): USR/USDC market removed - Extrafi XLend USDC (v1.1): USR/USDC market removed

@gauntlet_xyz If we are able to realize recoveries from this incident, we expect to set up a claim contract for affected suppliers. -->only if you are relaize the recovery, you are going to setup a claim contract?

@gauntlet_xyz @gabrielccapo @ResolvLabs @Morpho hey why cant you cover users losses unlike fluid?

@gabrielccapo @ResolvLabs @Morpho We thank Resolv for the update above. As they mention, they continue to evaluate the impact on others and potential paths forward. We stay in communication and await their final decision. From there, we will publicly communicate any further steps for affected vaults.

@deepcryptodive check dm.

For whoever hasn't read this yet 👇

@Arbargarbage @gauntlet_xyz @gauntlet_xyz any update, lol fluid managed it so better, you people let people who trusted you have their capital stuck.

@gauntlet_xyz any update on the compensation plan?

@gauntlet_xyz a total of 1.5m$ of capital supplier funds on morpho is stuck in base network - Extrafi XLend USDC (v1.1 vault) and resolv vault of eth network. never trust gauntlet. you can go with fluid as they sold their own tokens to ensure liquidity.

@classic_swing @gauntlet_xyz they are unable to cover 1.5m$ of funds, fluid did that, never trust gauntlet

@gauntlet_xyz Don't give your money to Gauntlet. They failed to safely curate vaults they own, then let users carry the bag alone with no explanations when shit happens. Pretending "working on a compensation plan" while they do nothing

We are aware of the Drift protocol admin key exploit. This is not related to vault curator actions. We are in touch with the Drift team and will work with them towards the best result possible for suppliers. On February 13th, we notified vault suppliers we would unwind positions, leaving capital in an idle state for them to withdraw. Drift vaults are non-custodial and only suppliers can withdraw from the vault. Most suppliers exited. You can find the announcement here: t.me/+48PdcHYNL75mZ… Drift has paused withdrawals for suppliers remaining in the vaults. We will provide updates as the situation develops.

@classic_swing @gauntlet_xyz even --> Extrafi XLend USDC (v1.1): USR/USDC market removed --> got rekt.

@gauntlet_xyz So Resolv USDC vault users the only ones getting rekt ? Since every other vault still has liquidity except him. What about the "compensation plan" you were working on ? You present yourself as the best but unable to find solution for 1m debt ? Seems an explanation is required

@gauntlet_xyz - Extrafi XLend USDC (v1.1): USR/USDC market removed -->deposit is not allowed, their is no liquidity in above vault, how is one supposed to withdraw their funds?

@TheCoinPumper @HughKarp i think the funds are gone, since the deposits are not allowed and their is no liquidity to withdraw.

@HughKarp What's your position regarding the assessment of refunds for those who purchased coverage on Morpho for vaults such as “Extrafi XLend USDC”? Due to the Resolv incident, the vault currently does not allow withdrawals. The Resolv team has stated that there was no insider hack

Lots of chatter on insurance pricing recently given Resolv and Drift. Keep in mind than many of the yield opportunities in DeFi are very poor on a risk adjusted basis, and most DeFi participants aren't great at understanding risk. There are good opportunities out there, it's just not easy anymore. Insurance is a tool that can open up more good risk adjusted yields.

@gauntlet_xyz extrafi xlend usdc, the funds in that vault are gone?

Advice for Ages 23–38 Focus on becoming useful, not impressive. Keep your money life simple and controlled. Do not panic about timing. Clear direction beats fast movement. Stay in environments that stretch your thinking. Guard your health and mental energy. Know when to leave what no longer serves you. Stop measuring your life by other people’s progress. These years are for building strength, not having everything figured out.

@cryppinfluence @DeRonin_ pump and dump for them

@DeRonin_ I have a feeling that this is not relevant data cause why VCs are continues to invest

Real revenue of projects everyone knows over the last 30 days: Berachain - $6.1K Ronin - $6.6K Sei - $8.6K Scroll - $9.3K Sonic - $10.1K Mantle - $11K ZKsync Era - $34.1K OP Mainnet - $46.2K Monad - $47.8K and yes, this is completely open data, "revenue by chain" on defillama now a bit of math: - one dev who knows Solidity costs from $5k per month - their teams are far from having just one dev - these are some of the most popular chains in total, they need like $10-30k per employee where is in company 20-50 employees so my question is: "where does the money come from?" of course, this is not all the revenue, most likely it doesn’t include income from the protocols themselves (p.s. or maybe it does haha), but btw, this is critically low for the valuations these projects have received and most often, if a project has revenue problems, it takes funding from the token which in turn means sell pressure, even from the project itself 😭😭😭 unfortunately, this is the real picture of the crypto world right now, and we finally need to focus on projects that actually generate fees otherwise, as they say, "if you don’t see who the end liquidity is, it’s probably you" the most interesting part is that these projects also had huge investment rounds (not all of them) and with investment rounds like that, looking at such sad revenue numbers is just crazy take me back to the reality of 2021, when i didn't open defillama pls…

@slvDev did you run you agent on merkle codebase, how many false positives?

Weasel 0.4.5 - made the AI skills actually useful. 9 skills, all improved based on audit feedback. Plus 14 new detectors.

@adeolRxxxx 80% already are unemployed earning below par wages.

@gowtham_ponnana @xuwinniexu the tweet is coming form a legend, i do believe it.

@xuwinniexu Never happening.

The results show that AI models are faster and cheaper than humans for entry-level tasks. The next big challenge is figuring out the right prompt engineering (or potentially training a new model) to independently identify exploits as complex as the Balancer hack.