Rafael Ugolini
1K posts


We are currently investigating a security incident involving unauthorized minting of USR. At this stage: The collateral pool remains fully intact. No underlying assets have been lost. The issue appears isolated to USR issuance mechanics. Our immediate priority is to: 1) Contain the incident 2) Assess impact 3) Ensure legitimate users are not affected We are actively investigating and will share more updates shortly.



OETH is the among first LSTs to use Merkle proofs to verify staked ETH balances. This upgrade introduces new compounding validators, front-run protection, and partial withdrawals for quicker beacon chain exits. Here's what to expect ↓




The @EtherFi eETH ARM is at an all-time high in deposits 🦾 The eETH ARM earned 8.9% APY yesterday (4.5% 30 day average APY) The ARM helps support the $eETH peg by purchasing eETH on AMMs when it trades below 1 ETH, redeeming it through the EtherFi withdrawal queue to profit from the spread. Explore the eETH ARM: app.originprotocol.com/#/arm/1:ARM-WE…





Morpho’s new interface is actually brilliant. They finally put all their vault data on one page. Now you can see exactly where to find the best vaults and where it’s cheapest to borrow whatever using ETH, BTC, or any other collateral. If we look at Ethereum, the top options are in @katana, but there’s a catch. Their dashboard shows a 31% yield, but that assumes the KAT token launches at $0.1 (a $1B FDV). I checked the Binance premarket and the token is actually trading at $0.013. That means you have to divide that yield by 7.7. It’s still a decent option, but that 31% is definitely not realistic. It would be like getting free debt at 4%. There are other interesting plays, like depositing @OriginProtocol 's OETH to borrow USDC and earning OETH rewards. You would get 3.84% free debt, but without having to wait (in Katana you have to wait for the TGE). Two things would make this perfect: > Native vault migration. I love how in Aave you can swap collateral or debt positions directly in the app. I know @Morpho 's modularity makes this harder (I’m not sure if it’s impossible), but we need an easier way to move between vaults. > Realistic time filters. The current 6-hour window for interest rates can be very deceptive. If we could switch that to 24h, weekly, or even monthly averages, the data would be more reliable.






