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Phil Fogel ( 🦇, 🌳, 🍾)
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Phil Fogel ( 🦇, 🌳, 🍾)
@Philfog
Crypto Fashion Icon Co-Founder @Corkprotocol, @weareflowcarbon, @Corner3VC
New York, NY Katılım Kasım 2009
1.3K Takip Edilen4.5K Takipçiler
why is every crypto conference in cities with horrible traffic
I don’t want to sit in a car for 30+ minutes every time I want to go somewhere
starting a petition for the next major one to be in a city with 10 lane highways or good public transportation, thanks in advance
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Phil Fogel ( 🦇, 🌳, 🍾) retweetledi
my reaction to everyone going to the Consensus closing party at E11EVEN the night before the conference even ended (I’m much more sophisticated and went to LIV instead)
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I don’t care what the people in the suits here say, this is not a fintech conference!
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@CatfishFishy They didn’t even make it hard for the Koreans
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For the LayerZero defenders saying that Kelp should have been using a 2/2 DVN...
The 2/2 DVN of LZ + Nethermind processed the most volume of any other security configuration for LayerZero.
Head of BD at Solv protocol (LayerZero user) says there was a 94% admin overlap in the signers of those two different DVNs, which effectively means there was next to no additional security benefit even in a 2/2 DVN vs just using either as a 1/1. It was decentralization theater.
"LZ Labs DVN — 24 admins
Nethermind DVN — 17 admins
16 of those 17 Nethermind admins are also admins on the LZ Labs DVN — i.e. ~94% overlap. Anyone holding one of those 16 keys has admin power over both DVNs."
Catherine Chan@catwychan
TLDR on the KelpDao article on LayerZero: 1. The attack originated from inside LayerZero's core infrastructure, not RPC poisoning. 2. LayerZero Labs DVN and Nethermind DVN share a substantial ADMIN_ROLE set on-chain. I cant comment on 1/ (although very scary if true) However for 2/: I have taken a look at it personally since the exploit, and it is true: LZ Labs DVN — 24 admins Nethermind DVN — 17 admins 16 of those 17 Nethermind admins are also admins on the LZ Labs DVN — i.e. ~94% overlap. Anyone holding one of those 16 keys has admin power over both DVNs. Contracts: LZ DVN: 0x589dEDbD617e0CBcB916A9223F4d1300c294236b Nethermind DVN: 0xa59bA433aC34D2927232918ef5b2eaafcf130bA5 SolvBTC current status: all LayerZero bridges remain paused. We won't be reinstating LayerZero bridges until at least a 4/4 setup is in place, and we won't be choosing both LayerZero and Nethermind DVNs at the same time.
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Phil Fogel ( 🦇, 🌳, 🍾) retweetledi
Phil Fogel says almost everything onchain is an unpriced credit product and KelpDAO proved it:
"Almost everything onchain is actually a credit product. A stablecoin is a credit product. An LRT, an LST, IOUs with credit risk, infrastructure risk."
"We're stacking all these risks on top of each other and the risk is interconnected. There's no way to isolate individual portions, price them, hedge them, or even set a market signal on what they should cost."
"KelpDAO, bridge risk, liquidity risk in Aave that nobody priced, depeg risk on the LRT, oracle risk. All at once. None of it was isolated. None of it was priced. The only question anyone was asking was what's my rate. Cork is building the primitive that changes that."
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Excited to see @TBariach and @Textileprotocol building on the frontier of onchain private credit!
Tomer Bariach@TBariach
Excited for this one. We're working with a company willing to push the edge further. With @talamobile we're bringing everything on-chain. Capital provider → Tala Tala → End borrower All using stablecoins. Why should you care? 1/4
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Enjoyed interviewing the bitcoin OG @adam3us from @Blockstream
We discussed how bitcoin has evolved, its infra expansion and his insights on institutional vs retail adoption
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@blauyourmind @APompliano If you keep paying for that crap he’s going to keep writing it
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Just purchased @APompliano’s latest article on dripstack.com about how the crypto industry is dying.
Hard to disagree with the core point: there are few missionaries left building real things for real problems.
Though in my experience, crypto conferences have always felt 99% mercenary haha
Anthony Pompliano 🌪@APompliano
The crypto industry is dying. That is a good thing. The resilient and valuable aspects of the industry need to compete on the biggest stage, not stay pigeon-holed in a boutique industry with declining capital and talent.
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When yields are high, everyone assumes the risk must be high to match. When yields compress, everyone assumes the risk has compressed too…..except that’s not actually how it works!
Cork Protocol@Corkprotocol
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Anyone knows who’s the guy in the middle? Sounds like he is working on something amazing
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This is awesome! @eddylazzarin is one of the smartest, thoughtful, and helpful people in crypto!
Congrats ser!!!
Chris Dixon@cdixon
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Today’s Capital Summit panel was a great reminder to put women leaders on stage to create a kick-ass panel 💃
This was a blast! 👏 @philfog @itsbhaji @sonyasunkim @TFgolden @quaintM
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At @SentoraHQ , we have been working on the thesis that vault curation in DeFi will transition from human curation to human-supervised AI curation to fully autonomous agentic curation. Vaults in @Morpho , @eulerfinance , @kamino will be operated by agents. Today, we published a whitepaper about our thesis including some deep dive in the AI techniques that unlock this vision: sentora.com/research/repor…
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@Philfog Most people are still sleeping on agentic finance
When AI agents start managing capital at scale,
the first thing they’ll need is reliable, programmable risk pricing
@Corkprotocol is building exactly that
super bullish on the vision and the team
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Agentic finance is coming faster than you think and it’s needs a way to price risk!
Cork Protocol@Corkprotocol
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The onchain credit system is growing up in realtime being built in public.
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