niko

@RyanSAdams Just stop the alt l1 and l2 vc pump and dump nonsense and just use Ethereum.

Bridges have been the single biggest category of DeFi losses cumulatively. $2-3 billion in hacks since 2021. Unfortunately, much of the story of how we scaled DeFi over the past several year was through bridges. I'd estimate 35% of DeFi TVL today has some third-party non-native bridge dependency today (e.g. a Kelp + L0 style architecture). We adopted third-party bridges for two reasons: 1) we needed to scale via L2s because Ethereum L1 wasn't scaling and 2) L2 native bridges mostly sucked due to pre-zk optimistic rollup tech (e.g. 7 day withdrawal windows). Then we pretended the added complexity and dependencies didn't materially increase risk to DeFi. And so we adopted daisy chained assets like L2 rsETH as practically the risk equivalent to ETH on L1. And we wove this risk into the system. We'll learn from this. We'll price risk more effectively. DeFi will adapt. But this is a painful setback and there will be more to come if we don't minimize bridge dependencies. Scaling the L1 is a security priority. We can't build DeFi on rickety bridges.

@jonasholmdk Der bør jo bare være en regel der siger at man så ikke får honorar for de andre mandater. Så må vælgerne jo vurdere om man kan varetage 3 jobs.

Cecilie Liv Hansen i kovending: Vil beholde trippel-mandat. Svært at se, hvordan man med samvittigheden i behold kan varetage en plads i folketinget, regionsråd Syd Danmark og kommunalrådet i Kolding samt tre børn. Men der er måske ikke nogen samvittighed nyheder.tv2.dk/live/politik/2…

does a turn-key solution for a cloud based openclaw exist?

@drewhamlett @thenanyu And you think this happened overnight in 2020?

@thenanyu Just an observation: Software went downhill when the industry started to become full of people who were coding just for the money vs people who had a passion for it.

Everyone apologize to DHH

Don't interact with @SteakhouseFi domain name until further notice.

@Vedantsx @Mudit__Gupta Have you heard of a bank? Or a centralized exchange?

@Mudit__Gupta No way anyone is going to put their money in closed source stuff

Please, no. Don't let DeFi be closed source. There's no point of DeFi that's closed source. I agree that the threats are real though and they should be mitigated by other methods 1) Onchain rate limits 2) Onchain firewalls 3) Better auditing using the same AI used for offense

@notfeven Đapps*

i miss when we used to call them dApps what happened to that let’s bring that back

@MonetSupply primitives are primitives for a reason 😇

delta neutral synthetic dollar? mcd overcollateralized institutional lending strategy. that’s right, more mcd

@hasufl @dannyryan But the “technical” counter party risk is often opaque and somewhat unbounded.

Decentralization clicks for institutions and tradfi people when reframed as counterparty risk. - Good point made by (I think) @dannyryan at devconnect

@andy8052 breaking: water is wet!!!

How is this news at all? Pretty sure everyone knows how he feels about BTC lol

@ishaan0x You should add @sparkdotfi to your list. Vaults/capital allocation are their bread and butter.

Lending = giving money in exchange for fixed yield, regardless of returns generated on capital Vaults/strategies = giving money for % of returns generated on capital Who should I be reading about for vaults/strategies? I know - Ethena - Veda (half of defi) - HL Vaults

@bneiluj what goes up, must go up

Lol, not even 2 months…just 2 days 😑

@Tiza4ThePeople More like 99.9%

Independent rating agencies for DeFi are very much needed. I’d guess that over 50% of deposited funds have no idea what risks they’re actually underwriting, and will only find out once those risks materialize.

@ChrJentzsch @RyanSAdams Based on what? My experience is that DAOs often break down at scale due to a complexity spiral. Traditional organizations are already hard enough to scale, DAOs are even harder imo.

@RyanSAdams DAOs only work at scale. That’s why it’s rare and very hard to get there.

Almost every DAO i've seen has failed. People say DAOs can never work, that the structure is flawed, and it's hard to make the case they're wrong. And yet there's Aave. Almost 70% market dominance and growing. Their DAO actually seems to work. Explain that.

@saisijie > explain all of this to your 150 usd/hour accountant

I received a USDC payment on a smaller EVM chain. This is what I have to do if I want to off-ramp: > manually add the network in metamask > receive stables > go to a dex to get some gas token > bridge it via stargate to a bigger chain > send it to a cex > p2p to a bank account Let’s talk about mass adoption now.

@dabit3 the whole problem is defining industries by technology, instead of by their product offerings. this is especially bad in "crypto".

Crypto today is boring in terms of attracting new developers. If I was a new developer or tech entrepreneur and had the option between AI vs what the current focus of crypto (stablecoins, trading, speculation), I'd probably work in AI. The answer is twofold: 1. Breaking outside of the constraints that have limited us to building the same things over and over, and I think we're approaching a tipping point where we'll be able to enable net new applications and design space that will be as compelling as AI 2. We need to try and position crypto as just another primitive similar to cloud, mobile, AI, etc... Additive or complementary vs replacement technology. Technology that amplifies human potential rather than competing for mindshare in a zero-sum game.

That's the biggest reason to choose USDS. Thanks to PSM, USDC liquidity window is massive.

@hasufl own your data

Every crypto org I know that's been using Discord has sooner or later switched to Slack. No exception. Nature is healing.

@linkdropHQ nvm, got in touch

How do I get in touch with @linkdropHQ about your products? I've tried emailing you, but no luck.