etherael retweetledi
etherael
6.8K posts

etherael
@etheraael
Sunshine and kitten farts. MEV & data analysis tinkerer. Say Hi!
Katılım Temmuz 2021
1.3K Takip Edilen1.4K Takipçiler
etherael retweetledi
etherael retweetledi
etherael retweetledi

I have a proposal here somewhat off the dome, that I'm going to drop here and then bring to Aave directly: we can facilitate exactly this with @WildcatFi, today.
I haven't caught up with the precise amount to which the hole has been covered, but Aave Labs, once registered as a borrower, would be able to deploy a WETH market parameterised precisely as specified below - tradeable debt token called aaveWETH, 5% APR, whatever capacity it felt is/was viable for them to take on (which can be increased/decreased ad hoc).
Open-access policy restricting OFAC-sanctioned addresses from depositing, but otherwise open to all.
The market would presumably need to be fixed-term in duration - Wildcat markets can facilitate up to two years before converting, and can be configured so that they can be repaid/terminated early if needed.
The prime issue here is time-duration - there would be a need for immediate secondary liquidity for aaveWETH, but there are protocols such as @agra_gg that can facilitate this provided liquidity is made available (presumably 1:1 based on faith in Aave to repay in time) - alternatively solver-based DEXes such as @bebop_dex could assist here.
I genuinely don't mean to use a catastrophe to promote our work, and apologise if it comes off as crass - but this kind of facility was also something that we raised in the immediate aftermath of the Bybit hack as a way to facilitate an emergency bridge loan.
In the interests of 'participating' in DeFi United, Wildcat Labs could/would also specifically request that the Wildcat Foundation (which receives revenue from markets) set aside the fees from such a vault (which would be 25 bips on 5% for the duration of the market) to be set aside/earmarked as assets to be handled as best thought appropriate (although, for the avoidance of doubt: the Wildcat Foundation is a wholly independent entity that would have the right to reject this request - I feel compelled to mention this for legal purposes).
I truly think that Wildcat can help here if needed.
Marc Zeller@Marczeller
Instead of calling for donations: 1) Build a deposit Vault call it "Defi United Eth" 2) Wire Aave wETH revenue to vault capped at 5% APR, 3) Make vault deposit token tradable call it "AaveETH" 4) slowly repay interest + principal Let people deposit, max vault capacity is the total worst case scenario hole. I'm pretty sure they would have collected more than needed last saturday Aave has plenty of revenue, Aave DAO and Labs are sitting on 9 figures of treasury each and would have figured it out eventually, Panic avoided, back to work. Would have deposited most of my ETH in it, why not?
English

Anthropic sentiment (deservedly) topped on the ridiculous "Mythos is too dangerous for public consumption" marketing campaign.
Dario, just put the model in the bag bro.
Now Altman is successfully mogging them on X. Expecting a momentum swing back to OpenAI again.
Sam Altman@sama
@TheAmolAvasare ok boomer
English

@brian_armstrong dude who are you talking to rn?
if it’s the people who may resonate, why aren’t you leading them?
if it’s the otherside who don’t understand, why are you engaging?
if it’s just a ‘im here and im human’ thing… too little too late sorry.
stand up or sit down.
English

In my teens and 20's I would spend way too much time playing Starcraft and Civilization. Harvesting resources, building things, and expanding was super addictive to my brain - to an almost unhealthy degree.
Later I realized that entrepreneurship and business is the ultimate game. It scratches the same itch for me (resources, building, expanding), but you're actually contributing to humanity at the end of the day, which can be much more fulfilling.
Business is also much more positive sum than video games. In Starcraft, the other player has to lose for you to win. In business, there is competition, but in a growing market there can be multiple winners. And gains compound long term (it's a infinite game) instead of starting over each time.
Now days I prefer to watch pros play video games to unwind, instead of playing video games myself. But a quick game can still be fun here and there to unwind. By contrast, the game of business is played over many decades.
English
etherael retweetledi







