INTΞRN

Here is the breakdown and flow of funds with what I've confirmed so far: 1) Through a series of transactions, the exploiter flash loan attacked the gmCauldron lending contracts, resulting in ~6271 $ETH being stolen ($13MM at the time). @GMX_IO has stated that this is not an issue pertaining to GMX, meaning its an issue related to @MIM_Spell. Below is one of the transactions: arbiscan.io/tx/0xd9c8f176f…

Seemingly the majority consensus is that the $rsETH / @LayerZero_Core exploits impact on @aave is bearish as a whole for DeFi. There is some truth to this as its horrible optics. I can't think of a stronger bull case for isolated markets ie @Morpho which would've contained the exploited funds to only rsETH markets versus a widespread issue. Lots of factors play into all of this of course, but if for example you deposit $WBTC / $WETH to borrow $USDT, it makes no logical sense as to why you should be taking on additional risk because other users wanted to increase their risk tolerance with derivatives. I'm not saying this as a bear post on AAVE either, but highlighting how it differs from Morpho outside of simply picking whatever has a lower interest rate isn't spoken about enough, if it was it could've potentially saved people millions short term.

50 million people have real market opinions and zero competitive formats exist for them. Swap Royale fixes that. Pick a contest, pay a small entry fee, get a $100K virtual portfolio, and trade real assets at real prices. Best portfolio wins the prize pool and your market knowledge finally has somewhere to go. Launching soon...

Wild how one day can change sentiment so aggressively

The Future of Privacy - Now on @AxiomExchange

how to master defi - get an understanding of how ethereum works - do basic swaps on uniswap, lend on aave - ask yourself how it works under the hood, try to answer - learn defi basics from youtube and protocol docs - study AMMs (uniswap v2/v3, balancer, curve), liquidity provisioning, impermanent loos, lending protocols, LTV - find a protocol with a liquidity mining campaign (like @katana) and start farming incentives on LPs - study tokenomics and emissions. at some point research ve 3,3 as well - study smart contract risks, read rektnews - learn mev, slippage, oracles - research different types of bridges - learn onchain analysis with arkham/etherscan/nansen - understand narratives and capital rotation - learn how to do R:R assesment, make sure you are good at DYOR - start farming in defi with bigger capital, diversify farms - start reading vitalik's blog, cobie's blog, hack post mortems, messari crypto reports - learn how to read solidity, at least things you'll need on etherescan - ask smart people or LLMs hard questions on defi. Use gemini's canvas to repeat - feel free to ask me recomendations on who to follow and what tools to learn learning the fundamentels is the best thing you can do in a bad market. good luck

@localtechboy @pendle_fi @Neutrl Which site are you on for this?

@pendle_fi @Neutrl easy loop to make 25%

.@Neutrl sNUSD is now the highest yielding stablecoin PT (with big depth) at 12.2% Fixed APY 🐳 Buy simulations: $1M → 12.1% APY $3M → 12.1% APY $5M → 11.8% APY $8M → 11.7% APY $10M → 11.1% APY $15M → 9.1% APY

@WazzCrypto Generational banger

They picked an image of the biggest TOP on the entire planet Earth for this announcement 😭😭

Borrowing against BTC / eth positions on @Morpho on mainnet and farming with stables on @pendle_fi is still an insanely easy way to earn 8%+ with minimal risk of liquidation compared to 0% holding spot

Fusaka is live on Ethereum mainnet! - PeerDAS now unlocks 8x data throughput for rollups - UX improvements via the R1 curve & pre-confirmatons - Prep for scaling the L1 with gas limit increase & more Community members will continue to monitor for issues over the next 24 hrs.

@jhayes2018 Congrats brother 🤝🔥

Marrying something other than my bags 💍

this one was wild to see: etherscan.io/tx/0x53fe7ef19…

It’s still mind boggling to me how few people have bothered to learn basic on chain skills even after years of being in the space, I don’t know how they can remain calm having no clue what’s happening to their money

Seemingly the only platform that cares about back end infra post aws outage and it shows

@Balancer If you need extra hands on tracing / mapping flow of funds let me know, good luck you guys! 🤝

Today, around 7:48 AM UTC, an exploit affected Balancer V2 Composable Stable Pools. Our team is working with leading security researchers to understand the issue and will share additional findings and a full post-mortem as soon as possible. Because these pools have been live onchain for several years, many were outside the pause window. Any pools that could be paused have been paused and are now in recovery mode. All other Balancer pools are unaffected. This issue is isolated to V2 Composable Stable Pools and does not impact Balancer V3 or other Balancer pools. Balancer is committed to operational security, has undergone extensive auditing by top firms, and had bug bounties running for a long time to incentivize independent auditors. We are working closely with our security and legal teams to ensure user safety and are conducting a swift & thorough investigation. We’re grateful to our partners and the broader DeFi community for their support. Security notice: Fraudulent messages claiming to be from the Balancer Security Team are circulating. These are not from us. Do not interact with unsolicited communications or click unknown links. Official updates will be posted only via: - This official Balancer account on X (Twitter) - Our official Discord server Be careful with communications from other sources, they can be fraudulent. We will provide a comprehensive update with more details as our investigation progresses. The Balancer Team.

myth: you need kyc to trade on a cex reality: you can just trade on a cex in 2 clicks at splitnow.io

Looks solid for multi wallet bridging / distribution. Cool new tool to use and points are always a plus

@bunni_xyz Sad seeing this one go, good luck in future ventures team 🤝❤️

Hello everyone, it is with saddened hearts that we announce the shutdown of Bunni. The recent exploit has forced Bunni's growth to a halt, and in order to securely relaunch we'd need to pay 6-7 figures in audit & monitoring expenses alone – requiring capital that we simply don't have. It'd also take months of development & BD effort just to get Bunni back to where it was before the exploit, which we cannot afford. Thus, we have decided it's best to shut down Bunni. Here's what will happen: - Bunni users will still be able to withdraw assets via the Bunni website until further notice. - We intend to distribute the remaining treasury assets to BUNNI, LIT, and veBUNNI holders based on a snapshot. However, the validation of the legal process is ongoing, and the exact details of the distribution will be shared at a later date once the legal process is finalized. Team members will be excluded from the snapshot. - The Bunni v2 smart contracts have been relicensed from BUSL to MIT, enabling everyone to utilize our innovations such as LDFs, surge fees, and autonomous rebalancing. We have pushed the AMM space forward by a generation, and it would be a shame if our efforts went to waste. - We will continue working with law enforcement to recover the stolen funds from the exploiter. Thank you to everyone who has supported us throughout our journey to push DeFi forward.

370 / 390 of the tornadoed $ETH from the $MIM @MIM_Spell exploit appear to be pooled in these 3 wallets, following all movement below: #internaltx" target="_blank" rel="nofollow noopener">etherscan.io/address/0x455a… #internaltx" target="_blank" rel="nofollow noopener">etherscan.io/address/0xa1dd… #internaltx" target="_blank" rel="nofollow noopener">etherscan.io/address/0x24fa…

$MIM @MIM_Spell exploited for ~$1.7M. (Explainer QRTd). Team has repurchased this amount so no impact on users at time of writing. The exploiter funded the attack wallet with 3x 0.1 $ETH txs using tornado cash, and is currently washing 10 ETH clips out of the 1.7M out through tornado. Wallet below: etherscan.io/address/0x1aaa…