chipman

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chipman

chipman

@chipperv1

chip off the old block

Katılım Aralık 2017
2.3K Takip Edilen276 Takipçiler
chipman
chipman@chipperv1·
@euler_mab yeah they should review current listings and deprecate a lot. should only include majors. have isolated pools for non-majors. when stocks on euler?
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Michael Bentley
Michael Bentley@euler_mab·
Bailout is obviously good for everyone affected and more broadly for DeFi. But all the same problems remain. Aave v3 is still a complete mess of a lending protocol and needs major surgery. It was ludicrous it was marketed as a risk free rate. Isolated markets for the win.
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chipman
chipman@chipperv1·
@duonine @StaniKulechov yes they should review what they currently have listed and potentially deprecate lots of listings that don't meet higher standards
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Duo Nine ⚡ YCC
Duo Nine ⚡ YCC@duonine·
Looks like @StaniKulechov did it. He saved AAVE. Market considered it too big to fail. So it was bailed out. Good if AAVE stops listing toxic collateral going forward (greed fueled that listing).
Duo Nine ⚡ YCC tweet media
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chipman
chipman@chipperv1·
@haydenzadams Is this your only position or just best performing one?
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Hayden Adams 🦄
Hayden Adams 🦄@haydenzadams·
Passive LPing is pretty fun When v3 deployed on Optimism 4 yrs ago I made a concentrated position on eth/dai from 1400-3200 I've never rebalanced, it was out of range ~30% of the time It earned $5400 in LP fees on $4700 position size so far
Hayden Adams 🦄 tweet media
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chipman
chipman@chipperv1·
@SBF_FTX you want to get out of jail. show some remorse you sociopath.
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Algod
Algod@AlgodTrading·
@SBF_FTX As if any of it would ever flow back to the users which money you’ve stolen from to invest
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Eldar
Eldar@eldarcap·
While the team is certainly in a war room right now fighting to find the best course of action for @aave and its users, a bit of communication would go a long way to reassure people. I assume they don’t want to promise anything until they secured the solution but showing that you are on on the breach would likely instill a bit of confidence. Lot of users don’t want to exit aave with a sufficiently confident bet that the team will come through.
Stani@StaniKulechov

rsETH has been frozen on Aave V3 and V4, the asset does not have any borrowing power as a measure due to KelpDAO bridge exploit that happened outside of Aave. Both Aave V3 and V4 does not have further exposure to rsETH.

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chipman
chipman@chipperv1·
@robertgraham @grok also of note is Peter Thiel and Elon Musk's upbringing. their backgrounds in Southern African enclaves taught them that "civilization" is a fragile veneer maintained by a technological elite that crumbled when the techno elite lost power. worth checking out golden dome too.
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Robert Graham
Robert Graham@robertgraham·
Now the analogy I really want you consider is the Star Trek (original series) episode "Patterns of Force" (Season 2, Episode 21). In that episode, the Enterprise arrives on a planet that seems to be ruled by Nazis -- down to the swastikas on their flags, a mirror of Earth Nazis. As it turns out, this is no coincidence. A historian had arrived on the planet a generation ago, found it consumed by chaos and decadence, and decided that for all their evils, the Nazis where the best example of strength and efficiency that could bring order to the planet. He thought he could produce the good results of strength and efficiency without all the evils. In the end, he realized he was wrong. Much the same is happening here. Alex Karp is a philosopher who studied in Germany. He undoubtedly is fully educated on the Nazis, like how they were in the 1920s when they were merely bad before 1940 when they turned evil. I think he's got the same hubris, that somehow we can get the efficiency benefits by sacrificing some of our liberal democratic principles while keeping the rest.
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Robert Graham
Robert Graham@robertgraham·
My flippant response got too many views. I stand behind it, but it needs context/explanation. There's a group of people around Peter Thiel (co-founder of Palantir) who believe in "post-liberalism" philosophies. This refers to "classic liberalism", the way scholars use the term, not "left-wing Democrats", as every conversations now use the term. This refers to how western democracies run, from Europe to the US to Japan/Korea. We are all part of the "US led post WWII liberal democratic world order", though Trump has now abdicated that leadership. While agreeing in principle that such liberalism is good in the world, they disagree with some bits of practice. Namely, our "soft power" is falling behind Russia and China. What we need is "hard power", a more powerful military, meaning a more technological military, meaning advances in software/AI. We need a national purpose to accomplish this, like the Manhattan Project, like the Moonshot, like the creation of the Internet. Silicon Valley shouldn't feel embarrassed for working toward these goals, helping with mass surveillance and intelligent weapons, such as how Anthropic pulled back from the miliary. They should instead feel embarrassed for working on trivial consumer crap, like the next big iPhone app like Angry Birds. Peter Thiel has a bachelor's in philosophy, and Alex Karp a PhD. These aren't the ignorant musings on such subjects like you see from Elon Musk's tweets (pbuh), but people who have thought a lot about it, have studied a lot about it, and have been hanging around with fellow travelers on this subject for the past decade. Now Trump has completely rejected liberalism as he attacks its principles and institutions, but that's just because he's a dictator-wannabe. He doesn't really understand it, it's not his ideological core, and he'll be gone after 2028, where his cult-of-personality movement will go with him. The Republicans will then have to rebuild their party. The leading character is JD Vance. It was Peter Thiel that funded Vance's first campaigns, who put him on the political stage. Vance says he believes in this post-liberalism vision. Palantir is at the center of AI for surveillance and military use. Thiel also helped fund Anduril, which has quickly grown to selling billions of intelligent drone weapons to the military. They are new military-industrial-software complex displacing the old complex. That is the background here that you would use to understand these 22 items.
Robert Graham@robertgraham

Wow, Palantir has gone full Nazi.

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Vance Spencer
Vance Spencer@pythianism·
@SoskaKyle more of a failure of bad underwriting and risk management by aave than anything else if you allow infinite kelpDAO ETH borrows with the knowledge they have a single signer bridge permission you just retarted
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Kyle Soska
Kyle Soska@SoskaKyle·
When FTX went under we had a season where everyone rushed to add proof of reserves to their exchange. Today we are entering a season where everyone will rush to advertise the rate limits and gates they have in place to mitigate hacks and multisig failures.
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chipman
chipman@chipperv1·
@gdog97_ Also ridiculous how long aave took to detect this stuff.
chipman tweet media
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G | Ethena
G | Ethena@gdog97_·
Agree with this and would also encourage all asset issuers to consider rate limits at the mint & redemption level, as well as a custom rate limit configuration on top of LZ OFTs. We built a solution on top of the standard OFT to throttle cross chain transfers at $10m per hour for every DVN, in addition to the $10m per block rate limit on the mint contract. The former would have prevented Kelp, the latter Resolv. In a disaster scenario where the LZ DVN is compromised you can at least contain the damage to $10m per chain per hour before stepping in to shut down transfers entirely. Yes it’s a slightly annoying inconvenience for users 99% of the time, but a worthwhile trade off to avoid going to zero. If you would like support on adding the same custom OFT configuration please reach out directly to myself or the team.
Keone Hon@keoneHD

Feels like pooled lending protocols would benefit from a rate limit on the supply of an asset being deposited for collateral Like, if the current supply is 100m and the supply cap is 300m, the supply should only be allowed to go to 110m in the next 10 minutes. Nobody needs to deposit all 200m in one shot This matters because if/when an exotic asset is hacked, the impact of the hack is constrained by the size of the exit paths for that asset. Especially when you consider that many hacks are infinite mint bugs… there the size of the exits literally determines the size of the hack. Lending protocols are often the largest exits (DEX liquidity is usually pretty small). Having a “smart cap” that is a bit above current supply, which can adjust over a few hours to the true cap, would make a huge difference. It would have saved rsETH depositors $200m today This also raises an interesting point: asset issuers should want this too. If you are an asset issuer who issues receipt tokens which have a redemption delay, then you actually aren’t worried about a hacker redeeming with you. But you need possible exits to be as small as possible while not impeding normal users. High supply caps need to be seen as a liability, rather than a sign of stature.

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deKirill
deKirill@kir_varlamov·
1/ The first public signal on the @KelpDAO exploit was not an auditor alert or a SOC notification. It was a user asking is everything good with rsETH. Almost an hour after the exploit tx That should tell us something about where DeFi incident detection still is today
Chris Gora@chrisgora

@KelpDAO everything good with rsETH?

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Stani
Stani@StaniKulechov·
V4 Juice.
Stani tweet media
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nic carter
nic carter@nic_carter·
A few days ago I told myself $55k would be a generational entry and I would back up the truck there. I expect my limit orders will be filled in an hour or two
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chipman
chipman@chipperv1·
@udiWertheimer Ok. I hope it ends up being hilarious and numba up 🤞
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Udi Wertheimer
Udi Wertheimer@udiWertheimer·
i’m long btc again. i might be early, but all the signs are there. panic on low liquidity weekend over unconfirmed military strikes, binance fud at peak levels, everyone convinced there’s “no demand”, i think we’re due for a bounce also, who cares man, if we die we die
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BasedBiohacker
BasedBiohacker@BasedBiohacker·
so you want adderall results without the risk of becoming an idiot meth head? this is your recipe: upon waking, empty stomach: 200 mg caffeine, 500 mg l-tyrosine, 150 mg armodafinil, 30 mg saffron extract, 15 g creatine, 120 mg gingko biloba after 6 hours: 36 mg intranasal bromantane (2x sprays per nostril), 800 mg l-theanine your brain is about to be operating on a level you did not know existed before, longer than you've ever been able to focus before. i'm talking a weeks worth of work done in a sitting. if you don't want to forget to eat, set a timer to remind yourself. the flow is that deep. - hydrate with electrolytes throughout day - also recommend zinc, copper, thiamine ttfd/ b complex, selenium, taurine, glycine, , omega-3s, vitamin d, boron, magnesium (glycinate/ l-threonate) everyday (full stack linked in profile) this stack is literally neuroprotective, enhances neuroplasticity, and promotes neurogenesis. not medical advice.
BasedBiohacker tweet media
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Chef Goose
Chef Goose@chefgoose·
Starting a @megaeth group chat, if you want to be invited, comment.
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