
Warhead
3.2K posts









$STRIKE update: Liquidation cascade has happened due to over-leverage: peeps stake $STRIKE as collateral to loan more $ADA to buy more $STRIKE. It’s quite sad that we only were able to reach 7 $ADA during this run up. Really goes to show there’s not much in the ecosystem to help the protocol grow. The foresight of the @strikeperps to branch out into Etherum and Solana is really for the best. Do I feel bad top blasting $STRIKE near its peak levels? No. Price tells us one thing, but fundamentals remain ABSOLUTELY strong. $ADA won’t be going anywhere anytime soon, but $STRIKE mcap has more agility to go leaps and bounds. I just feel sad that once again, the Cardano community will ignore the opportunity. This is a massive discount for $ETH and Solana bros coming in. Not only will they take advantage of the liquidity opportunity, they get to partake in the rev share too. Meanwhile, treasury proposal is most likely not passing. It’s depressing being in Cardano. The self harm we inflict ourselves is a thing that has to be studied in future history classes: how we failed to support incredible builders in the ecosystem to reach new heights, all while acting all self righteous and superior because of “gud tek”.




Today, we formally notified the entities that we will be stepping down from our duties as a member of the Pentad. We want to thank the members for their shared commitment to Cardano throughout our time working alongside them. Our immediate priority is the @secondfiapp recovery process, and we are concentrating our resources where they are needed most. We believe this is the right decision for our users and for the ecosystem, and it reflects the standard of accountability we hold ourselves to as a founding entity of Cardano. As stated by SecondFi, quarantine mode is being enabled this week, letting users check if a wallet address appears in preliminary incident data and submit a support ticket. Our intention is that next week, the secure wallet export will be deployed to help affected users safely move assets to a new wallet. On asset recovery, we continue to make progress with the recovery tool, initiated through a portal, that keeps users in control while protecting their information

Today, we formally notified the entities that we will be stepping down from our duties as a member of the Pentad. We want to thank the members for their shared commitment to Cardano throughout our time working alongside them. Our immediate priority is the @secondfiapp recovery process, and we are concentrating our resources where they are needed most. We believe this is the right decision for our users and for the ecosystem, and it reflects the standard of accountability we hold ourselves to as a founding entity of Cardano. As stated by SecondFi, quarantine mode is being enabled this week, letting users check if a wallet address appears in preliminary incident data and submit a support ticket. Our intention is that next week, the secure wallet export will be deployed to help affected users safely move assets to a new wallet. On asset recovery, we continue to make progress with the recovery tool, initiated through a portal, that keeps users in control while protecting their information

Today, we formally notified the entities that we will be stepping down from our duties as a member of the Pentad. We want to thank the members for their shared commitment to Cardano throughout our time working alongside them. Our immediate priority is the @secondfiapp recovery process, and we are concentrating our resources where they are needed most. We believe this is the right decision for our users and for the ecosystem, and it reflects the standard of accountability we hold ourselves to as a founding entity of Cardano. As stated by SecondFi, quarantine mode is being enabled this week, letting users check if a wallet address appears in preliminary incident data and submit a support ticket. Our intention is that next week, the secure wallet export will be deployed to help affected users safely move assets to a new wallet. On asset recovery, we continue to make progress with the recovery tool, initiated through a portal, that keeps users in control while protecting their information




Vitalik Buterin just said: ALMOST EVERY MAJOR PIECE OF ETHEREUM WILL BE REPLACED! He's even talking about upgrading parts of Ethereum to the UTXO model - the same as Cardano 👀 Let's talk about it 👇


You can sell your loan as an NFT instead of waiting for it to be payed by the borrower. 🤯 It’s called a Secondary Loan Market: Every loan is represented by a Bond NFT. If another liquidity pool accepts that same loan type, you can sell your Bond immediately at its current value and exit your position. That means faster access to liquidity and more flexibility 💙









