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Danny Sacks
2.7K posts
Danny Sacks
@danny_sacks
defi stuff here. prev @twitter @scuba_inc @oracle
Katılım Temmuz 2013
1.5K Takip Edilen1K Takipçiler
Losses should be socialized across anyone who tweeted “just use aave”
The Defiant@DefiantNews
🚨 BREAKING: AAVE @aave governance post details the amount of bad debt it has under 2 scenarios: Scenario 1 (uniform socialization of rsETH) produces $123.7M in bad debt, concentrated on Ethereum Core (Aave deployment on Eth mainnet) in absolute size terms and most acute on Mantle in proportional terms. Scenario 2 (losses isolated to L2 rsETH) estimates $230.1M in bad debt, all on L2s. Mantle faces a 71.45% WETH shortfall and Arbitrum 26.67%; Ethereum Core is unaffected. "As of April 20, 2026, the DAO treasury holds $181 million in assets," the report said. "Which scenario materializes depends on decisions outside Aave's control, primarily how rsETH accounting and the LRTOracle exchange rate are updated," Aave said. governance.aave.com/t/rseth-incide…
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@DanBurmawy how about dont criticise any religion and mind your own business?
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You can criticize and mock any religions, and their followers will not behead you or throw a bomb at you.
But attack Islam, as a set of ridiculous, backward, anti-human ideas, and its followers will try to kill you.
This is not because they have a higher sense of sanctity or deeper respect for their religion.
No.
It is because their Allah is a bully, and if they do not react violently against the infidels, they believe he will burn them in hell.
When I was a Muslim, I used to defend Islam vehemently, not because I loved Islam, but because I was terrified of Allah. And terrified children grow up to terrify others.
This is a fact.
Nick Sortor@nicksortor
🚨 BREAKING: NYPD confirm a possible BOMB was thrown at anti-Islam protestors by multiple Muslim men in NYC Two Muslims have now been ARRESTED for throwing the fused devices filled with nuts and bolts WE DON’T NEED THESE PEOPLE HERE. Islam is INCOMPATIBLE with America 🎥 @ScooterCasterNY
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I criticized Iran’s Supreme Leader Ali Khamenei a thousand times. He was oppressing his own people and preventing democracy. But there’s one thing you can’t take away from him, he died on his own two feet, instead of kneeling to Israel. That took courage. He didn’t bow.
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because the announcements made by the people Israel bombs tend to eventually accepted, even by israel.
Udi Wertheimer@udiWertheimer
why do you enthusiastically rush to believe every announcement made by the incompetent retards in IRGC who were already caught accidentally striking civilian targets in dubai, bahrain and kuwait in mere hours? you think they’re not incompetent enough to shoot their own schools? maybe sit this one out for a few hours
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@etnom “We have acquihired an international crabbing operation and will be moving our HQ to Maine.”
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the 60% retained:
jack@jack
we're making @blocks smaller today. here's my note to the company. #### today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone. first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay. we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly. i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures. a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers. we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold. to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward. to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow. jack
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@Crypto_McKenna hip-3 volume been holding $2B+ daily even through the chop which is usually the tell before technicals catch up. the trend score flip matters less than whether spot follows the perp setup this time
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@zerohedge deflation usually kills risk assets but crypto markets seem increasingly disconnected from traditional macro cycles. saw this during the march 2020 deflationary scare - bonds rallied, stocks dumped, but defi kept building
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@TimHaldorsson TGE sentiment is just table stakes now tbh
real alpha is in tokenomics design - vesting schedules, circulating supply curves, utility alignment. seen too many "perfect" launches die because the token had no reason to exist beyond speculation
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what’s the best GTM marketing?
good TGE sentiment, how can you get that? Be ensuring everything goes according to plan and that you have set the right launch expectations within the community.
it’s simple but not easy to do.
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@MacroCRG dalio praising the new fed chair while running the world's largest macro hedge fund is exactly the kind of endorsement that should make everyone nervous
polymarket already had this priced in 3 days ago btw
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glowing commendation from Ray Dalio of the new Fed Chair:
Ray Dalio@RayDalio
Kevin Warsh was a great choice We who have been engaged with policy makers and markets for a long time know him and respect him for his capabilities and his judgement. He is knowledgeable and a reasonable man who understands the risks of having a Fed policy that is too easy as well as too tight and how to judge what's too easy and what's too tight. Presumably, he also knows how to deal with the president and the Treasury well.
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@zerohedge traditional safe withdrawal rates assume TradFi asset allocation tho - the entire framework breaks when you factor in programmatic yield from protocols that didn't exist when these models were built
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Here's Morningstar's Safe-Withdrawal Rate For 2026 Retirees zerohedge.com/personal-finan…
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@TimHaldorsson the settlement layer is key here - most bounty systems fail because dispute resolution is either centralized or non-existent. onchain escrow with automated milestone verification could work, but you need proper oracle infrastructure for deliverable validation
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is marketing bounties coming back?
my ecosystem thesis is that we are going to move back to a more bounty focused system again.
not the gamified layer3 or galaxe, but a bounty board where you in a decentralised way can settle deals and bounties onchain.
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@DonAlt speedrun any% insolvency route unlocked
though tbf the memecoin treasury strategy was always gonna have a shorter half-life than actual policy. at least we got content
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@Crypto_McKenna dotcom hangover lasted 15 years before the next real cycle though. crypto did 2017, 2021, and arguably has spot etfs now pumping institutional flows
the mania recovery feels faster each time because the infrastructure catching the next wave actually exists now
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Sentiment really at it's worse here.
This is what it must have been like in the DotCom bubble where you slowly recover from the hangover of mania.
Digital Asset mania was the covid liquidity injection which resulted in valuations in some cases will never be eclipsed. Lead to lack of due diligence on the primary market side and distorted expectations on liquid.
Every problem imaginable arises when prices are down but some things that are being overlooked:
> US is establishing a Bitcoin strategic reserve with still the future possibility of budget neutral acquisition up to a desired ownership requirement.
> GENIUS Act passed for stablecoins which is going to be a decade long megatrend for issuers, settlement layers and new emerging neobanks.
> CLARITY Act which will give the full green light for Institutions to step into the digital assets business.
> The tokenization megatrend has been beyond validated and TradFi will use distributed ledgers and tokenisation as the new form of securities settlement.
The long tail experiments venture funds hope worked out largely did not. But crypto's best use case which is building the rails for the next financial system has absolutely succeeded.
I would implore people to focus exclusively on the emerging mega trends with a key focus on Institutional adoption.
Arthur@arthur0x
This whole crypto cycle play out in the worst way possible for the investor archetype but many excellent traders are having a field days and even achieved record pnl with this move. Unfortunately eventually there wouldn't be enough liquidity and opportunity for traders to profit if most investors decided to exit this asset class all together.
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@arthur0x the liquidity extraction timeline is speeding up every cycle. traders eating each other faster now that retail stopped showing up to refill the pool
perps funding staying positive while spot volume dies tells you exactly who's left at the table
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This whole crypto cycle play out in the worst way possible for the investor archetype but many excellent traders are having a field days and even achieved record pnl with this move.
Unfortunately eventually there wouldn't be enough liquidity and opportunity for traders to profit if most investors decided to exit this asset class all together.
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@MacroCRG saylor cost basis headlines always mark local bottoms. retail sees red number and panics, smart money sees forced seller exhausted.
funding flipped negative before the spike too. derivatives called it again
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this is a phenomenal looking low on BTC tbh
tons of coins changed hands, large amount of sellers underwater from the spike, big liquidations, big volume, Saylor cost basis red headline
believe in something
CRG@MacroCRG
huge spike, look at that excess
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@KeyboardMonkey3 the leverage slider is doing exactly what it was designed to do. exchanges figured out years ago that giving degens 100x is more profitable than 10x even if account lifespans drop 80%
the house always wins faster when you let players bet bigger
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Definitely not gambling.
Giving ppl the option to overtrade their positions while gambling of course leads to quicker losses.
Quantіan@quantian1
Crazy story: A bank analyst published a report showing Kalshi users lose money even faster than sports gamblers, so Kalshi first tried to pressure the data provider to change their data and then accused them and the analyst of conspiring to extort them when that doesn’t work.
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@zerohedge onchain perps barely moved though - while spot btc dropped 4%, hyperliquid vol stayed flat. derivatives markets showing way more stability than the underlying. interesting decoupling happening
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