NoFaith.Base.eth

Channel your inner Bob Ross. QRT this post with your art or meme. Our "Art Expert" team will go through and choose winners. Points for the worthy. WL for the lucky few. Everyone else… enjoy being sad. Contest ends Friday.

Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface. Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return. The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox. The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal. Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space. We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction. The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.

Introducing... The Base Skills Repo 📙🔧 Power your Claude, Codex, OpenClaw with skills to build on Base I show in this video how I one shot a Base Pay demo in one simple prompt with the Base Account skill Use it now: npx skills add base/skills