GV

ETHEREUM'S GOLDEN TRIANGLE HAS HELD SINCE 2017. Covid crash: stayed inside. 2022 bear market: stayed inside. 2026 correction: staying inside. Price is at the apex. The triangle is resolving. Above $4.350: $10,000 measured target. Below $1.950: nine years of structure breaks. The triangle survived everything. The breakout is next.

not everyone understands that Mumbai connects all the aspects of building on Ethereum - you can learn about the massive success of UPI payments, connect with some of the wealthiest industrialists in the world, connect with the largest developer community Devcon 2026 is there to build bridges between India and the global network of builders, investors, and thought leaders en.wikipedia.org/wiki/Antilia_(… stripe.com/en-de/resource… reddit.com/r/developersIn… devcon.org/en/

The reason why I am so critical of LayerZero Beyond their terrible opsec (you have no idea) and centralized infra putting the entire industry at risk and causing a $292M bridge exploit It’s that any time someone voices even remote criticism, they get relentlessly attacked and gaslit into oblivion by the team themselves Attached is a snippet of a convo I had a few years back, seems relevant, I was pointing out the EXACT risk of what just happened to rsETH I’m tired of pointing out the risks of centralized and insecure infra, only to see them later get inevitably hacked, destroying DeFi’s reputation It’s not gravedancing to point out that this whole situation could’ve been entirely avoided if people just fucking listened to the warnings

Aave service providers have published an Aave DAO governance proposal to contribute 25,000 ETH to the ongoing DeFi United effort. Aave DAO's ETH contribution would go towards the plan to restore rsETH's backing to try and normalize market conditions as quickly as possible. DeFi United. governance.aave.com/t/arfc-rseth-i…

I might have to take back everything I said criticizing Ethereum rainbows and unicorns. Sometimes rainbows and unicorns are exactly what a community needs. Very surprised this all came together through donations. Big learning moment for me.

Jordi Visser ( @jvisserlabs ) is on Bankless. We talk about: - $BTC's bottom and what comes next - AI crushing software moats and shifting capital toward scarcity - “AI QE” and the market regime it creates - inflation as the next macro pressure point - why Bitcoin sits at the center of the scarcity trade 🟢 Out now for Bankless Premium subscribers. 📅 Out on public feeds Monday, April 27.

A look at the top 10 players in the world, exactly 10 years ago. And where they rank today. 1. Jason Day (38) 2. Jordan Spieth (51) 3. Rory McIlroy (2) 4. Bubba Watson (716) 5. Rickie Fowler (56) 6. Henrik Stenson (1255) 7. Adam Scott (53) 8. Dustin Johnson (458) 9. Danny Willett (406) 10. Justin Rose (5)

This is an absolute indictment of American Capital Markets. Our best companies are closed to the public. Only wealthy have access. You can blame the billionaires all you want, but the truth is regulation made this so.

I want to share a quick story from a friend, who recently had ~$450k almost phished from a wallet Thanks to @SEAL_911 - it was all completely recovered and returned. A happy ending that deserves highlighting! I knew SEAL 911 existed, but this was the first time I've saw them in action. Here's the story: A friend got phished from a fake Ledger Live app (on the Apple App Store 2 weeks?!). His ETH was staked on Figment, and the phisher executed the withdrawal transaction, and the ETH entered the withdrawal queue. He reached out to the Seal 911 group and within 15 min, he was on a discord call with the White Hat Recovery team. You could imagine how shitty my friend felt, assuming that the $450k of ETH was simply going to be withdrawn and immediately captured by the attacker. They made him feel at ease, shared case studies of similar rescues and said they charge 5% (totally agreeable amount imo) of whatever funds they recovered. The tension was all down to the single block that the ETH became available for withdrawal after the exit-queue finished. $450k riding on a 12 second window. My poor friend had to wait 4 days while this all hung in the balance lol. The day finally came. Seal 911 has set up a script with Flashbots to engage in the bidding war required to access the funds. At 11pm that night, he received the long-awaited message: “got it all, best possible outcome.” Within 10 min, the funds were distributed to his new ETH wallet and the job was done. Kudos to the Seal 911 team, really amazing group of professionals.

I am committing 500 ETH to the Defi united recovery fund. This represents a large part of my crypto holdings, but there are things that are more important than money - Like Stani, I have been working on Aave since the beginning and the only thing I care about is to see it succeed. There are no defeats in life, only lessons. We will be coming back stronger. Aave will win.

DeFi community is coming to contribute to relief efforts of rsETH. Great to see this proposal from Lido and more to come.

Did you really just accidentally say that Thorchain was centralized for all of those years while DPRK laundered hundred of millions while raking in millions of fees with an admin key you held in your possession?. Cannot wait until your post shows up in an court indictment one day.

Stani built the biggest DeFi powerhouse: a $70 billion protocol at its peak. We're talking about one of the most battle tested protocols on Ethereum, having withstood three bear markets since its launch as ETHLend. It hasn't been a straight line, but @Aave has just kept getting stronger with time. Not because I say it, but because TVL, revenue, active loans, and all relevant metrics corroborate it. Numbers don't lie. Every successful longstanding business has gone through hard patches. Crypto is not the exception for that. DeFi is so interconnected that even with flawless security and contracts, setbacks can and will happen. But if there's something I'm sure of, is that Stani and the Aave team will work with SPs and the relevant actors to find the best resolution for users and make sure that Aave grows from this. V3: The largest lending market by a factor of 3x, per @DefiLlama. V4: Capital efficiency + risk isolation (KEY) Aave App: Expanding TAM beyond crypto users GHO: Native settlement + growing demand Horizon: Unlocking RWA lending markets All revenue: flows to AAVE Aave is still the best positioned protocol for 2026-2027.

In late 2023, French streamer TeufeurS was extorted for a ransom after a family member was kidnapped in France. I can finally share that I helped lead efforts that resulted in an ~$800K freeze with the Binance Security team after a $2M ransom was paid. Six suspects tied to the incident were later arrested. Given the sensitivity of the case, I held off commenting until now. I have since assisted with asset freezes and identifying culprits in several of the recent France home invasion robberies, and hope to share details in the coming months. If you or someone you know falls victim, reach out as soon as possible rather than delay. I prioritize these types of cases as they have grown more frequent amidst this disturbing trend.

Snaxpot. Trade a little, win a lot ⚔️ Coming soon to a Synthetix near you

After the dust settles with the rsETH hack, the question for me is what is the fair value for $AAVE - TVL has fallen significantly, dropping from over $36B in mid-January to under $17B today. - Weekly protocol revenue has plunged 62% before rsETH liquidations temporarily reversed it. - BGD Labs, the team behind Aave V3, exited in early April. Today's $4.35M in daily fees is liquidation fees, which are temporary. At $93, $AAVE is roughly fairly valued on trailing 365 day numbers, P/S 11.4x on $123M rev. If revenue stays at $73.9M, that implies a P/S of 18.9x; the bear case is ~$39–$81. On the bright side, you have a $50M annual buyback program that's live, $1.4B mcap, that's a 3.6% buyback yield. Arbitrum recovering some of the stolen funds helps with the bad debt Aave had. TBD on Aave Pro + Aave App + Horizon + Aave Kit, increased adoption with revenue directed at $AAVE holders If these go well, the bull case is $225 The question for me is whether the TVL cash is temporary and not a market-wide deleveraging. Personally, I think the grave dancing is overdone.

I feel like I'm the only person in science and academia who has been publicly outspoken in my support for the people of Iran against the regime. It's one of the reasons I won't stop. Because not enough people are doing it.

Aave is sitting at an 18-month low. The only thing that pushed it here? Fear. @BitcoinJesusETH: "The total value locked has exploded since it was last at this price level." "The fundamental value of the DeFi ecosystem has exploded. The only thing that's pushed it down here is lack of attention and fear." "The upside potential has never been stronger."

I really feel for the @aave team here because even though they own responsibility in what’s ultimately affecting their users having onboarded rsETH, it all starts with L0 (and Kelp). L0 is a major infra provider, like an electric utility company for DeFi. I have empathy too for the difficult high stakes role they have played in DeFi. But when a forest fire burns everything down and starts due to sparks from failed electric grid equipment, we hold that company responsible. Aave doesn’t have the luxury of waiting on L0 to step up because so many of its citizens’ homes are at threat of burning down and those affected are demanding resolution, future protection, and answers. I can appreciate they have to act quickly to stop the fire from spreading. And it means they are likely to step up with emergency funds to make the situation better than to just let the fires play out. We don’t see lawsuits often in DeFi but L0 could be drowning in them due to this debacle unless they step up. DeFi is a game of confidence and if L0 doesn’t step up here to cover any losses after all this, how can you ever trust this team? I’d never trust L0-anything again after this. And investors/protocols will punish them—by selling ZRO, not integrating with L0, and Christ have mercy if I would ever touch a new L1 by this team. Good luck getting Aave on Zero. Note: Kelp is good as dead after all this. Won’t even waste my time thinking about it. I’ll just focus all my annoyance on L0 who is much more entrenched across DeFi.

There are 3 responsible parties for 3 different things: 1. Kelp is responsible for a weak rsETH configuration. 2. LayerZero, for missing guardrails around a setup where a single DVN can authorize asset release. 3. Aave/ChaosLabs, for listing rsETH as collateral without fully capturing these risks. The first two relate to the exploit path. The last, to the downstream effect.