Andreas
2.1K posts


DeFi United Update:
Thank you for all contributions so far and we are discussing for more to strengthen the position. I am very grateful for all the support so far. It's been a difficult week and more work ahead. However with all the support, I remain confident.
Next steps, we would expand our contributor base, we have seen already many DeFi teams and community members joining the effort, there will be more solutions suggested by the community including natives ones we are exploring to.
DeFi United.
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In the interests of stating it publicly, Wildcat *as a protocol* is unaffected by today’s attack - no borrowers have any markets with rsETH as the underlying.
It remains to be seen how any second-order effects bleed out, and Labs will be paying attention and asking questions as appropriate and as details unfold.
As it happens, we had recently had a internal debate on the benefits of looping/distributing exotic assets (and in the DeFi sense, tokenised debt qualifies) - basically arguing between TVL growth versus a substantially larger risk surface space
Even though the root of this incident appears signature based, once the post mortem and path forward is clear, I’d like to add another perspective from a paranoid who’s seen nearly all of it before
My sympathies to everyone affected - I’m happy to make my/the Wildcat Labs engineers’ time available to anyone that wants to chat about the immediate and near-term changes we envision accounting for given the two gigantic security/signature based attacks in the last month
Take care, all
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ERC-4626 wrappers are now deployable for all @WildcatFi markets!
Wildcat debt positions can now easily integrate into the broader DeFi stack. This means that wrapped market tokens can be deposited into @Morpho vaults, used as collateral on @eulerfinance, supplied to @aave and so on - anywhere that accepts ERC-4626 assets.
Wildcat's composability surface just got a lot larger!
app.wildcat.finance/lender
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EthCC[9] is officially a wrap 🫶
Thank you to every speaker, builder, sponsor, volunteer and attendee who made this week in Cannes unforgettable.
This community is something special.
And the big reveal: EthCC turns 10 next year 🎂
📍 12-15 April 2027, Palais des Festivals, Cannes
Save the date. See you there ✨

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NO direct access from inside the conference ❌
You MUST exit the building and go through security 🔒
Fast track line is for speakers, volunteers & notified guests only (QR code from Se.Ro) 📲

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Today i have been with @WildcatFi for two years. I also got a boat as bonus today. Thank you @functi0nZer0 @d1ll0nk @EvgenyGaevoy

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@functi0nZer0 Thats 100% not what i meant as i said the job of a CEO is to fire him self from all his jobs
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@Defi_Warhol @mstable_ @UnitasLabs @YuzuMoneyX @yield @Main_St_Finance @gaib_ai @MidasRWA @upshift_fi What about @WildcatFi ?
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📂 Top Stablecoin Yields
┃
┣ 📂 >12%
┃ ┣ 📂 @mstable_ mPT-sUSDe
┃ ┣ 📂 @UnitasLabs sUSDu
┃ ┣ 📂 @YuzuMoneyX yzPP
┃ ┗ 📂 @yield yoUSD
┃
┣ 📂 10-12%
┃ ┣ 📂 @Main_St_Finance msY
┃ ┣ 📂 @gaib_ai sAID
┃ ┗ 📂 @MidasRWA mF-ONE
┃
┣ 📂 8-10%
┃ ┣ 📂 @upshift_fi coreUSDC
┃ ┣ 📂 @SteakhouseFi AUSD
┃ ┣ 📂 @opentrade_io XUPL/xSLP
┃ ┣ 📂 @perena USD*
┃ ┣ 📂 @Neutrl sNUSD
┃ ┣ 📂 @xsy_fi yUTY
┃ ┗ 📂 @yearnfi USDS
┃
┣ 📂 5-8%
┃ ┣ 📂 @USDai_Official sUSDai
┃ ┣ 📂 @GHO sGHO
┃ ┣ 📂 @falconfinance sUSDf
┃ ┣ 📂 @avantprotocol savUSD
┃ ┣ 📂 @MidasRWA mAPOLLO/mEDGE
┃ ┣ 📂 @OriginProtocol OUSD
┃ ┣ 📂 @piku_dao USP
┃ ┣ 📂 @InverseFinance sDOLA
┃ ┣ 📂 @noon_capital sUSN
┃ ┗ 📂 @infiniFi siUSD
┃
┗ 📂 <5%
┣ 📂 @SkyEcosystem USDS
┣ 📂 @OndoFinance USDY
┣ 📂 @ethena USDe
┣ 📂 @maplefinance syrupUSDC
┣ 📂 @gauntlet_xyz gtUSDa
┣ 📂 @fraxfinance sfrxUSD
┣ 📂 @avalonfinance_ sUSDa
┗ 📂 @reservoir_xyz wsrUSD
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@StaniKulechov A user used the largest stablecoin in DeFi to buy tokens of the largest protocol in DeFi, and there still wasn’t enough liquidity --> resulting in over 90% slippage. Interesting.
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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.
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🚨 Scam alert
Fake Wintermute employee accounts on X are sending messages and spoofing wintermute.com emails
Our legitimate team members have verified badges on X
Please beware of phishing links and report these accounts
Stay vigilant and verify before engaging 🫡

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A new open-term WBTC market was created by @wintermute_t with up to 200 WBTC in borrowing capacity at 3.5% APR with a withdrawal window of 24 hours. app.wildcat.finance/lender/market/…
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