Rik

@cyanopsis leaving tomorrow early morning, out of this hellhole

@riksucks till when are you there

It's crazy how I feel safer in New Delhi than in Paris (almost got robbed at Eiffel tower)

Daily reminder that nix exists for mac os and almost always runs smoothly Only caveat is that during major OS upgrades it deletes the login scripts that mounts the nix partition sometimed

homebrew is a supply chain disaster waiting to happen

You're not supposed to use 3-in-1 shower gel, it violates the Unix philosophy

When I was in Taipei, my taxi driver was watching an AI generated video of Trump being kicked in the ass by Iran, and Xi Jinping laughing at the background deviously

@0xSehaj Wont the liquidation price be too close to the entry price? Like wont volatility itself kill the position?

Her: I only date degens. Me:

@jimmythej1 Temperature surfing is OP ngl

@riksucks getting a proper grinder has definitely upgraded the moka we make, but equally important is to learn how to regulate the temperature for a slow but steady flow. only the combination gives the best coffee.

you either die a moka pot enjoyer or live long enough to graph your bloom ratio

@av3nxr you would be surprised tbh. 1) You can measure ltv clusters (high ltv = high leverage) 2) you can find patterns in ltv vs log(collateral in usd) distribution (each point is one cdp position)

My hot take is that defi yields shouldn’t only be a function of tradfi rates + risk premium, but it should also be about intent And intent can be defined as opportunity cost that lender is not taking by holding the collateral + demand of more such borrow

*opportunity that the lender is not taking aka the opportunity cost of the lender, my bad

@ruggedpikachu @Tiza4ThePeople But RLP is still unresolved, no?

@Tiza4ThePeople Thats true the real market value is 0$ actually. Thanks for pointing out

It's great to see Aave basically recover within a week. However let me use this opportunity to shine light on another million dollar exploit, that happened over a month ago, with no resolution in sight: RESOLV Resolv's stablecoin USR is currently trading at 15 cents and no efforts have been made to repeg the stablecoin or to make retail whole in any other way. The only thing the resolv team has done, is they went ahead and allowed USR redemptions for multi million-dollar funds first. This means the big guys were allowed to sell, while your average holder is sitting on a -85% loss on a stablecoin. This is not just morally wrong, it is an unequal treatment of holders, which is prohibited under probably any law and especially under US law. We should start sueing them. Can Defi be united here as well?

Sci-Hub is an evil website that pirated 85M+ research papers and made them freely available And now they've added AI to their database to make Sci-Bot. It answers your questions using latest, full-text articles. But DO NOT use it. We should all try to make billion-dollar academic publishers richer. I'm putting the link below so you know how to avoid it.

What if trusting the code is just trusting the people with extra steps?

@crypto_condom @TraderNoah a battle of maintaining status quo at this point There are still a lot of assets that shouldnt be collateral imo (at least for a core market)

@TraderNoah I agree with your take. There was no bail out from 3ac or Ftx. Bail out is a bad precedent that prevents the “fuck around and find out” axiom from working

Seems like a bad precedent that can't be replicated more than a few times. The risk adjusted return on capital that was lost from the exploit was severely negative. Market participants need to understand why risk premiums are applied to risky activity...

The Arbitrum / Kelp DAO freeze raises so many legal questions, it's just crazy: - If 9 people can vote to move your ETH, whose chain is it really? - Is freezing funds just custody with extra steps? - Does taking orders from law enforcement make you an intermediary by definition? - You froze a thief today. Can you refuse to freeze a sanctioned wallet tomorrow? - Are L2s really infrastructure - or unlicensed CASPs hiding behind a recital? Looking from the EU's perspective, MiCA's Recital 22 exempts "fully decentralized" services with no identifiable intermediary from licensing. After a 9-of-12 vote moving $71M, is that shield still standing?

The main issue of this proposal is, that it assumes a fair tug of war between borrowers and lenders on the turf of interest rates But would a supplier come in to supply at high apy, knowing full well that they might be underwriting collateral indirectly exposed to rsETH? And if the borrowers get liquidated thanks to high rates, how would liquidations happen smoothly, since a lot of collaterals in aave have 100% utilization!

In this hour, when we ask each other if DeFi industry is a joke or if its dead after such a terrible exploit I cant help but think of all the really good friends I have made along the way thanks to this industry Probably a cope, probably not, lets see