dylan olivia hunzeker

This VF photo and article ("Crypto’s True Believers Demand to Be Taken Seriously") feel so off to me and I was trying to figure out why. I think it's because it feels like something that was written in the 2018 era of crypto -- where belief was almost everything the industry had going for it. blockchains and tokens were live but mostly just to gamble with. so a photoshoot that portrays crypto people as this excentric rag tag group who somehow still hang on to their weird ideals even as prices crash made sense back then. But not today.

New monthly report: Median rents in Manhattan have hit $5k/month for first time ever. +6% over past year. Median rents in Brooklyn have also reached an all-time high $4,296, +7.5%. The report cites "the tightest inventory seen in nearly four years" as cause for rapid rise in rents. Translation: We desperately need to build more housing, including affordable housing.

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.