Ryan
240 posts


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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@RoundtableSpace Why would these peeps give away their alpha? Are the CT views worth more or is this complete BS?
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🚀🇺🇸 U.S. MILITARY SPENDING COULD REACH $7.7B AGAINST IRAN
A newly created website shows live estimated U.S. spending surpassing $2.2 BILLION in just 4 days.
Daily operation costs around $220 MILLION.
At this pace, if the conflict lasts 4-5 weeks as Trump estimates, total spending could soar to $7.7 BILLION.


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Ryan retweetledi

This is just ludicrous.
Jamie Dimon said on CNBC today that it wasn’t fair for stablecoin issuers and exchanges to offer yield because they don’t have to comply with ANY regulations like reserve requirements, AML compliance, audits etc.
He’s fully aware that all of these requirements (and more) were enacted in the GENIUS Act.
He’s also aware that he and his pals running the Big Banks are the ones standing in the way of the Clarity Act (and all the agency rulemaking that would come along with it) which would comprehensively regulate the crypto industry.
He’s literally standing in the way of regulation while complaining that there’s no regulation.
And he got away with this nonsense unchallenged on @CNBC.
First Squawk@FirstSquawk
JPMORGAN CEO DIMON SAYS BANKS WANT A LEVEL PLAYING FIELD WITH CRYPTO FIRMS
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It’s extremely good that Anthropic has not backed down, and it’s siginficant that OpenAI has taken a similar stance.
In the future, there will be much more challenging situations of this nature, and it will be critical for the relevant leaders to rise up to the occasion, for fierce competitors to put their differences aside. Good to see that happen today.
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Ryan retweetledi

Stablecoin rules in the UK are being finalized, and are at risk of preventing the UK from being globally competitive in the digital economy.
For example, the Bank of England is proposing a cap on stablecoin holdings for individuals and businesses.
The UK has a long history of being a financial hub. Embracing and encouraging innovation, especially when other countries are moving fast here, is important for maintaining that. The current direction of the rules does the opposite, and will act as an innovation blocker.
If you're from the UK you can sign the petition by @StandWCrypto_UK to set out a pro-innovation strategy for blockchain and stablecoins. Link below.

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Ryan retweetledi

“Shut down all data centers and turn them into social housing” probably the most malevolent, resentful idea in human history
Leftists are just filled with resentment towards progress and civilization
Power to the People ☭🕊@ProudSocialist
Data centers now use more electricity than most countries. Shut them all down and turn them into social housing units.
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if you don’t understand why a coherent theology of progress matters, it’s because in the absence of one events like this will escalate until data centers are routinely bombed by 2027-8
you need to communicate why you shouldn’t be jailed for your work, those are the stakes
Ben Dziobek@BenDziobek
A data center in New Brunswick was canceled tonight when hundreds of residents showed up. When fight big tech and private equity we win.
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Ryan retweetledi

@KobeissiLetter A sneaky tax paid by Americans reduced the trade deficit? This must be a special branch of math
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Ryan retweetledi

first, coinbase might be sick of paying optimism to license the OP stack. i pointed out last summer that coinbase was paying more to optimism than ETH L1 in fees. surely they'd prefer to capture those fees themselves as well.
second, coinbase might have decided (rightly) that base isn't decentralized enough to avoid registration as an exchange (or something else) for tokenized stocks (i made these arguments loudly last fall).
third, coinbase might have decided base isn't decentralized enough in genera. sec 302 of the CLARITY act defines "non-decentralized finance trading protocol" and there's an argument that the definition would capture base, forcing it to submit to regulation by market regulators. (centralized sequencing, after all).
in response to my criticisms about base's central sequencer, coinbase CBO shan aggarwal told me on stage at token2049 in singapore last fall that base "has a path to decentralize" (effectively admitting it was centralized)... i suspect this is their move to further decentralize it
wonder what coinbase will do here. kraken's pursuing based rollups for ink (more decentralized) is good and one option to be more decentralized. but something tells me this will become a federated blockchain with a decentralized (possibly permissioned?) validator set (i.e., tempo, canton, etc). these are all the 'rage' right now despite having failed throughout all of crypto's history

zoomer@zoomerfied
[ ZOOMER ] COINBASE'S BASE NETWORK MOVES AWAY FROM OPTIMISM STACK TO CREATE THEIR OWN: BLOG
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Really disappointing to watch @zora pivot into a Solana attention market. Just chasing the latest meta.
After getting support from the entire @base team for the better part of a year, they capitulated the second the trade changed. Low conviction, questionable morals, rinse users and repeat.
Sad. So whack.
rb3k@rbthreek
.@zora going through what looks like a pivot & rebrand, they’re now an “attention (prediction?) market” on Solana
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AI just started tracking workers.
And your barista isn’t just making coffee.
They’re generating data.
A tool called NeuroSpot by Sparknets overlays live metrics on CCTV, tracking cups served, shift times, even how long customers sit.
Owners call it efficiency.
Critics call it dystopian.
Is this the future of productivity, or is this the beginning of the end?
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