fspeiser
5K posts

fspeiser
@fspeiser
CEO of Metafide / FIDE AI Foundation. Tokenize it. AI Product Builder, Engineer, Advisor. Previously Co-founder of SocialFlow.








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

Prediction markets want to be treated like the future of trading while charging fees that would make a broker blush. @Kalshi : 3.5% at 50c. @Polymarket crypto: 3.6% at 50c. @trylimitless : up to 4.5% round trip. Many stock brokers charge $0 online commissions. What exactly is the premium service here?




I truly believe music taste is somewhat a reflection of intelligence




🚨 BREAKING: The European Commission has urged people to work from home, drive and fly less, and for EU countries to urgently roll out renewables, as it warned of a prolonged energy crisis as a result of the conflict in the Gulf. Full story: politico.eu/article/europe…




