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$ergey
15.4K posts
$ergey
@glowsconces
🌎WEB3 & DeFi space🌏decentralization 🌶️hot staking 🥩.USER. @ether_fi AMBASSADOR. ⚒️former #ETH miner.
#5280 Katılım Şubat 2022
535 Takip Edilen256 Takipçiler
$ergey retweetledi
Security is the first!
Jacquelyn Melinek@jacqmelinek
Today's @_TalkingTokens discusses how DeFi protocols should be thinking about risk and what institutions want to deploy on chain. I interviewed @MikeSilagadze, founder and CEO of @ether_fi, and @joechalom, CEO of @Sharplink to dive into: - EtherFi's updated risk framework and emergency "red button" - How Sharplink's $2 billion+ ether treasury underwrites DeFi risk - Why it's important to consider tail risk in valuations - Why performative decentralization makes protocols less safe - What it takes for institutional players to deploy on DeFi protocols and more TIMESTAMPS 00:00 – Intro 01:30 – The relationship between EtherFi and SharpLink and why they work together 01:46 – What EtherFi is building: the DeFi bank with $5-6 billion in deposits 02:24 – SharpLink's $2 billion Ethereum treasury and why they deployed $200 million into EtherFi 03:38 – Balancing speed and safety: why the DeFi risk playbook hasn't been written yet 05:28 – Why institutions move slow deploying, but go fast when monitoring problems 07:25 – How EtherFi approaches security: in-office teams, formal verification, and constant audits 08:26 – Decentralization theater: why performative decentralization makes protocols less safe 09:17 – Why EtherFi is building an emergency “red button” intervention system without compromising self-custody 10:53 – How SharpLink's team underwrites DeFi risk 13:28 – Why institutions are still in the first inning of DeFi adoption 17:28 – How tokenized securities will unlock DeFi at a scale far beyond bitcoin and ether 22:11 – Qualified custody with Anchorage and why ops alpha matters for institutional DeFi 23:09 – What's next for EtherFi: global licensing and becoming a viable alternative to banks 25:56 – Stablecoin rails as the main way crypto reaches the real economy 28:31 – Tokenization about to expand as NYSE, Nasdaq, and DTCC opening up 24/7 29:44 – Final advice: stay safe, don't chase yield, and invest in young builders Full episode below:
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@defilaunch @ether_fi Everyone deserve own vault
Liquid juicy vault
Congratulations!
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$ergey retweetledi
Just hear me out: $EURC vault at @ether_fi will exceed $1M in 10 days! Want to play?👇
app.prophetmarket.ai/markets/eur-de…
ether.fi@ether_fi
Today, we're launching the $EURC Liquid vault. Earn on your Euros with ether.fi 💶 We're excited to partner with @k3_capital and @MidasRWA to provide yield for $EURC holders. Start earning today at ether.fi/app/cash/earn
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$ergey retweetledi
The best $EUR card is now @ether_fi
- Zero fx on $EUR spending
- Hold $EURC and spend $EUR 1:1
- Deploy your EUR into the Liquid vault to earn
Essentially if you have an @ether_fi card, you now have a multi-currently account that let's you spend and borrow USD and EUR.
ether.fi@ether_fi
Today, we're launching the $EURC Liquid vault. Earn on your Euros with ether.fi 💶 We're excited to partner with @k3_capital and @MidasRWA to provide yield for $EURC holders. Start earning today at ether.fi/app/cash/earn
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$ergey retweetledi
Why did @ether_fi commit 5k ETH to the Kelp hack recovery fund?
Because we believe there was a very real risk that this could have killed DeFi.
The default path was:
Kelp bankruptcy -> $1.5B of rsETH tied up for years -> $30B Aave lending market locked up -> Cascade of DeFi and CeFi implosions. Game over for crypto.
FTX would have looked small in comparison.
In the face of these systemic risks we saw almost everyone pull back and hide behind lawyers. The worst case scenario was playing out.
The one team that stood out and stepped up was Aave. In many ways they were the least to blame (and there was plenty of blame to go around) but they took ownership and immediately began raising funds to fill the hole left by the hack.
If the @ether_fi team helped in some small way, it was mainly to open up communication help others see the gravity of the situation.
There’s a lot more to be written about what happened, and things are still playing out. But I think the worst case scenario has been averted.
Lots of soul searching to be done about systemic risks and decentralization theatre by everyone.
We’ll do a longer write up in a few weeks.
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@glowsconces Have you put the instant cash back to work in any new DeFi spots?
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When you use EtherFi, you're in control of your assets.
Learn more about what makes EtherFi different from other neobanks in @castle_labs's recent article ↓
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Rating my experience with crypto cards ↓
KAST → 9/10
Payy → 7/10
Etherfi → 10/10
Tria → 7.5/10
Ready → 8/10
Gnosis → 7.5/10
Cypher → 7/10
Avici → 9/10
Pyra → 6.5/10
Do you agree?
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@MikeSilagadze I didn’t know that you are eligible for vip @ether_fi cash.
How it’s feels in the hands?
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Am I doing this right?
ollie@olliegarch
You invest in crypto. You want to cash out. But your bank hates crypto… The solution:
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The Kingdom rewards its own 👑
We recently granted 100 USDC to every member who earned the prestigious Knight role for their contributions, and this is just the beginning💸
On Discord, we’re running regular USDC and $DUCAT giveaways, along with quests, predictions, and bounties for active members.
Join the Kingdom and earn with the community:
discord.gg/UvgjkzuEdu
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There will be a repricing event when yall realize
- this team is here to stay and it’s safe to hold for more than a week
- all the value is for the token and they genuinely believe that
- they’re spending on growth is extremely calculated
- growth is continuing in this market
- tvl on the restaking side looks crazy as eth goes up again
- there are no more investor unlocks
- they have real users that aren’t on ct and will launch a trading product to them
- there are basically no other teams in crypto that just added $100m revenue business lines and didn’t slap a new token/raise on it
Salgidadgadze mode
Note: dcf cap seeded etherfi
Austin Barack@AustinBarack
$ETHFI card product continues to set new highs (over 60% of revenue now comes from the neobank product) $50MM active buyback program Last investor unlock on March 18th Next major resistance around $0.89. Will be interesting to follow.
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Just created my Circles profile! Looking to get trusted by someone who’s already in the network. @aboutcircles
app.gnosis.io/p/0x1c561d5b04…
x.com/aboutcircles/s…
Circles@aboutcircles
Introducing Circles — an ambitious experiment on money. For the first time ever, you can create your own money without needing a bank or a government. 🧵
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The inaugural rewards distribution to @ether_fi frxUSD holders is now live 🥳
The choice is easy for EtherFi frxUSD users: hold and spend a secure stablecoin while earning best-in-class rewards.
Rewards now stream daily, with more incentives coming soon.
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