Ian Gerstgrasser

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Ian Gerstgrasser

Ian Gerstgrasser

@metakaal

Founder @Dera_Finance Building the permissionless yield layer for digital assets. Posts on capital efficiency, stablecoin yield, and DeFi infrastructure.

Katılım Aralık 2020
128 Takip Edilen47 Takipçiler
Ian Gerstgrasser
Ian Gerstgrasser@metakaal·
Aave lost $8.45B in 48 hours without being exploited. Its code did exactly what it was written to do. It still lost a third of its TVL. The failure mode of modern DeFi isn't "did our code break." It's "did anything in our integration graph break." Composability debt.
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Ian Gerstgrasser
Ian Gerstgrasser@metakaal·
The Resolv exploit drained $25M. Here's the full blast radius no one mapped properly. An attacker compromised @ResolvLabs 's AWS KMS and got the minting signing key. The smart contract worked perfectly. Everything around it didn't. $100-200K USDC in → 80M USR minted → dumped → USR crashed to $0.025 on Curve in 17 minutes. Who got hurt: - DEX LPs gave real stablecoins for worthless USR - Lending vault depositors had funds borrowed against wstUSR they never approved - Stale oracles kept pricing wstUSR near peg → arbitrageurs borrowed real USDC against it and exited - Curator bots kept allocating capital as yields spiked Blast radius: ▶ DEXs: @CurveFinance , @Uniswap , KyberSwap ▶ Exposed lending: @Morpho , @0xfluid ($10M+ bad debt) ▶ Mitigated: @eulerfinance , Venus, @lista_dao (paused in time) ▶ Curators: mixed. Some reacted in minutes, some didn't. Multiple audits. Didn't matter. Entirely off-chain failure. #DeFi is a tightly coupled system. Pricing, collateral, liquidity assumptions, they all propagate across dozens of independent actors. One component breaks, everything downstream inherits it. The real question is if we build on-chain circuit breakers, or keep shipping permissionless infra and accept that no one's accountable when it breaks.
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Dera Finance
Dera Finance@Dera_Finance·
The Dera Protocol is live on Ethereum mainnet. DERA is the first asset issued on the protocol: a yield-bearing, USDC-backed token on permissionless yield infrastructure. // Exchange rate = TVL / total DERA supply // Yield accrues into TVL. No rebase. No staking. // Non-custodial by architecture Capital routes directly from user wallets to external DeFi protocols via smart contract connectors. DERA is deployable as a liquidity asset. LPs earn protocol yield and AMM trading fees from a single position, continuously and independent of pool volume. Permissionless exits at the prevailing Engine exchange rate. Enforced at the contract level. // docs.derafi.io/whitepaper // docs.derafi.io/token-dynamics // docs.derafi.io/technical-docu… // dune.com/dera_protocol/…
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Dera Finance
Dera Finance@Dera_Finance·
Did you know back in 2018, $1.5 trillion worth of #capital was trapped on balance sheets? The countdown begins! Stay tuned for the launch of #DERA1 - the next big thing in the #DeFi space. Sign up now for early access: dera.money
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Dera Finance
Dera Finance@Dera_Finance·
🌟 Wondering why try DERA Newsroom? Here's why: 1️⃣ Access educational content, tailored for the self-educated Web3 user. 2️⃣ Keep updated with recent DeFi news. 3️⃣ Share valuable content, sparking insightful discussions within the Web3 community. 🔗 app.dera.money
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Dera Finance
Dera Finance@Dera_Finance·
💎 Equity Match’s Medium Article on #DERA Insights into DERA’s groundbreaking products and its pivotal role in shaping the financial industry & our CEO Ian Gerstgrasser's appearance on The Founders Talk hosted by @equitymatch_co 👉 @EquityMatch.co/dera-an-application-layer-for-currencies-4577fb0b68dd" target="_blank" rel="nofollow noopener">medium.com/@EquityMatch.c… #FinTech #Innovation
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Dera Finance
Dera Finance@Dera_Finance·
📢 DERA integrates @magic_labs to streamline the user onboarding process. 🎩 Magic is the latest login solution joining #DERA to enable access to our #dapp without the need to create a #wallet. Platform launch Q1 🚀 The era of static currencies is over - stay tuned!
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Andreas Steno Larsen
Andreas Steno Larsen@AndreasSteno·
What is going on in China? 🇨🇳😱
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Ian Gerstgrasser
Ian Gerstgrasser@metakaal·
Crypto twitter going insane rn. Moods are more volatile than markets.
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unusual_whales
unusual_whales@unusual_whales·
Warren Buffett has spent $51 billion, nearly 1/3 of $BRK.A cash pile, these last three months buying stocks.
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Sikh For Truth
Sikh For Truth@SikhForTruth·
The European Parliament has voted to give Europol wide powers to collect and process data on individuals, including people not suspected of any crime, in a move that significantly widens the power of the European police agency. technocracy.news/eu-rules-on-da…
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Stablecoin Printer
Stablecoin Printer@usdcoinprinter·
🚨 Tether has lost its dollar peg for more than 12 hours. Current Price: $0.986 This happened last time in: June 2019
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