Crypto Texan

I see ppl calling for the death of defi They're wrong DeFi is gonna take a hit but it will not die, current situation is completely recoverable with protocol treasuries and loans I believe in DeFi and I'm gonna keep working to make it succeed🦙

we are so back

@Marczeller @DAdvisoor They either should do it if they can or should be unable to do it. Being able to do it and not doing at the same time is worse

$90B DeFi sector has been killed by *checks notes & squints profusely* "KelpDAO" Sure thing bro, great thesis 👍

Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry

Alchemix casually launching one of the most interesting DeFi native protocols I've ever even seen during all this carnage. And I'm serious there's at least 3 big novel new DeFi design products within this release. Podcast coming very 🔜

The amount of grave dancing is sad tbh. How about we be more productive? Learn from all this.

congrats to these legends @scupytrooples and @BlockEnthusiast

@andy8052 This is good for Bethpage! Awesome that you got to play it!

First humiliation ritual of the season Even for my handicap can’t complain at all

@Cointelegraph *onchain

🚨 BULLISH: Morgan Stanley CFO Sharon Yeshaya says tokenization and on-chain finance will reshape wealth management business.

Imagine getting drained for all your money and hearing MOOOOO

it's rare, but LinkedIn delivers alpha every now and then

1/ it's a good day to be a builder 🏗️- @SECGov issued guidance saying that front ends (UIs)/self-hosted wallets that offer access to crypto securities transactions aren't brokers needing to register w the SEC. more 🧵👇 (scroll down for the MEV info; not legal advice)

I know the team behind this and it’s very exciting 👀

Big win for DeFi today!

Scoop: Polygon Labs is in early talks to raise up to $100 million to launch a new stablecoin payments business, according to sources. It's rare for a blockchain developer to enter regulated payments business. With this move, Polygon hopes to drive stablecoin volume on its blockchain. In Jan., Polygon Labs agreed to acquire Coinme and Sequence, positioning to compete with the likes of Stripe theinformation.com/articles/polyg…

@laurashin @j0hnwang Yeah, but meeting people at conferences … 😬

@j0hnwang Yeah, but smart contracts ... 😬

crypto new bull case: world’s largest banks get hacked by claude mythos and all wealth flees onchain

I'm running for US Congress. Seriously. Imagine common sense crypto policy and regulation, aligned with American dynamism. Check out our list of new Crypto Policies we will support, linked below. x.com/va_joe/status/…

yAudit good, maybe even the best (from personal experience)

Three versions, two chains, eight audits, and a fundamental rethink of how on-chain liquidity should work. This is the story of how we got here: x.com/BaselineMarket…