Tim
14.2K posts

Tim
@_nottim
copywriter & idea guy | comms @HermeticaFi | talk DeFi to me




Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface. Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return. The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox. The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal. Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space. We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction. The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.



𝗖𝗧, 𝘄𝗲 𝗱𝗶𝗱 𝗶𝘁. excited to announce I’d be joining @nillion as an intern. 𝘄𝗵𝗮𝘁 𝗶𝘀 𝗡𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼 𝗺𝗲? Nillion isn’t just a “another project” — it’s a paradigm shift. a reimagining of what’s possible at the intersection of cryptography, privacy, and usability. it’s ab using cryptography to bring ease, bring guaranteed privacy and freedom to the average person. 𝘄𝗵𝘆 𝗡𝗶𝗹𝗹𝗶𝗼𝗻 𝗳𝗼𝗿 𝗺𝗲? simply cos Nillion doesn’t just fit into the world as it is — it acc idealizes what the world could be. it sparks my imagination and pushes the boundaries of what’s possible. the idea of a future where decentralized privacy is the default way of life isn’t just exciting; it’s absolutely necessary. in a time when data is being commodified and weaponized, Nillion stands as a solution. being part of something that has the potential to take the world from 0 to 1? yeah, that’s the kind of thing that excites me. >> 𝘁𝗵𝗲 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻. this is my biggest why, fr. deep down, yeah, we all wanna make money, but for me, learning new things and coming to new understandings is where the real excitement lies. the opportunity to dive into something this novel — to really learn, understand it, and enlighten people around me, drives my affinity. >> 𝗻𝗮𝗺𝗶𝗻𝗴: 𝘁𝗵𝗲 𝘀𝗶𝗺𝗽𝗹𝗲𝘀𝘁, 𝘆𝗲𝘁 𝗵𝗮𝗿𝗱𝗲𝘀𝘁 𝘀𝘁𝗲𝗽. when it comes to revolutionary ideas, naming them is acc deceptively hard because it’s not just about words — it’s about capturing the essence of a concept in a way that resonates. the term “blind compute”? it’s acc so perfect. it takes a complex cryptographic innovation and distills it into something simply understandable. getting that right is rare, and when the naming clicks, it makes it so much easier for an idea to be propagated, understood, and embraced. this is a big attraction point for me. >> 𝘁𝗵𝗲 𝗻𝗲𝗲𝗱 𝗳𝗼𝗿 𝗶𝘁. like I said, Nillion isn’t “just another crypto project.” it genuinely redefines how we think ab data in a world where data is rapidly becoming more valuable than money. the need for private, secure, and accessible solutions is only going to grow, and Nillion’s cryptographic innovation fixes the fundamental flaws of traditional systems. that aligns perfectly with my belief that crypto should be used to empower people, solve problems with traditional alts and unlock new possibilities. >> 𝘁𝗵𝗲 𝘁𝗲𝗮𝗺 they’re not just builders — they’re visionaries who are down-to-earth and approachable (which I think is a great attribute to have), yet relentlessly ambitious ab what they’re creating. there’s a sense of authenticity here, a rare mix of technical brilliance and genuine humility. <> I’ve acc always been a believer — constantly searching for something to believe in. Nillion has that spark, the “it” factor that fuels conviction and gives me excitement. tbf, I have no clear vision how to go about being an “intern” lmfao. but that’s part of the fun. I’m not coming in w all the answers — I’m here to learn, experiment, and explore. for me, it’s ab putting ideas in front of people, breaking down concepts, and just genuinely having fun while doing it. whether it’s through educating, creating, or just sparking curiosity in others, I’m ready to throw myself into it and see where it goes. also, thanks a lot to @jambutties and @rokav_ for having belief in me. this is the start of something big, and i couldn’t be more excited.

I miss when Microsoft word was FREE

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