VMP

@Cbb0fe 🤣

only on CT you will find pure retards copy trading one leg of a delta neutral strategy 😭

I analysed the 900+ pages of the Trump financial disclosure report. He extracted 1.1 BILLION from crypto, divided like this: > $635.1M → TRUMP memecoin > $236.3M → WLFI token sales > $196.9M → Sale of ownership interests in the USD1 stablecoin venture > $65.6M → Sale of part of Trump's stake in World Liberty Financial > $6.0M → Melania Trump's NFT sales and collectibles business > $1.82M → Ethereum validator (staking) rewards The biggest scammer of all time

SPECTACULAR

@GiorgiaMeloni Grande Giorgia ❤️❤️

Io e l’Italia non imploriamo mai.

traffic remains stagnant in the strait of hormuz.

@faustocoppi60 insane

Sick numbers by Arnaud De Lie on the final climb (500m@9,4%) today in Wallonie: almost 900 watts for 50 seconds sprint, 35 km/h. 💥 All that out of the saddle. That's what happens when The Bull is in great shape AND doesn't break his bike. 📸 Strava #TourdeWallonie

@laflammerouge16 s-sure!

If my calculations are right, Vingegaard numbers in Giro are closer to Pogacar 2024 Giro and Pogacar actual numbers in last Tour de Romandie We may have a race in July.

@Quanterty biggest retard of the industry

Forward industries acquired approximately 1.6 billion dollars worth of Solana at an average cost of ~ $232 per token Today at $87 dollar Solana that it is a negative -63% investment After leading one of the worst crypto investments of all time Kyle began dedicating his time to hating on Hyperliquid Hyperliquid made a new all time high today Some things just speak for themselves

[ ZOOMER ] HYPERLIQUID FLIPS SOLANA IN VALUATION: MARKET

Hyperliquid ETFs.

@0xSisyphus get acquired by Hyperliquid

Coinbase long term plan: become infrastructure supporting Hyperliquid?

@TreeNewsFeed ?

[🌲] SAYLOR: WE WILL PROBABLY SELL SOME BITCOIN TO PAY A DIVIDEND JUST TO INOCULATE THE MARKET JUST TO SEND THE MESSAGE THAT WE DID IT

@Cbb0fe 💯

I spent so much time justifying transfers to banks over the past years Now that I have EtherFi and Plasma One, I decided to stop giving a fuck about what they ask Citibank kicked me out Bye bye

I love the american minds response to real freedom

@dcfgod the ETH in the Umbrella module are taking part of this or not?

rsETH hole filling tracker: Hole: 112204 rsETH = 118.4k ETH Lido: -2.5k ETH Etherfi: -5k ETH Arbitrum freeze: -30.7k ETH Ethena: Didn't say how much, assume -1k ETH Excess rsETH in aave / coumpound: ~-15k ETH Stani personal donation: -5k ETH Layerzero: Didn't say how much, assume -5k ETH Mantle: -30k (!!!!) Kraken / Ink: Didn’t say how much, assume -5k eth Golem: -1k eth 23.6k ETH left to find

rsETH hole filling tracker: Hole: 112204 rsETH = 118.4k ETH Lido: -2.5k ETH Etherfi: -5k ETH Arbitrum freeze: -30.7k ETH 80.2k ETH left to find

@dcfgod jfc

You’re in the wrong industry

@0xngmi goat

I see ppl calling for the death of defi They're wrong DeFi is gonna take a hit but it will not die, current situation is completely recoverable with protocol treasuries and loans I believe in DeFi and I'm gonna keep working to make it succeed🦙

Update on rsETH incident: @LlamaRisk has published a report outlining the rsETH incident, the immediate actions taken, its impact on Aave, and potential paths forward. All service providers have been working to assess the two potential bad debt scenarios on the Aave protocol. Aave DAO service providers are also leading an effort with ecosystem participants to address any bad debt. This effort already has several indicative commitments from various parties and we are grateful for the strong support we have received so far. We will share further updates as we have them. In the meantime, the full report can be read here: governance.aave.com/t/rseth-incide…

because the final allocation of losses between rsETH on Ethereum (which is technically "fully backed") and external chains is still tbd, i can only read this as a statement of Aave Labs' preference - they would rather rsETH on mainnet to have zero haircut, and for rsETH on L2s/external chains to bear the full loss (essentially zeroed out) ultimately, the allocation of losses will be mostly decided by Kelpdao team (and lawyers) but we can consider why this outcome would be aave labs' preference, and what would be the impact on users if this is how it ends up working out # aave labs preference aave core market on ethereum is covered by umbrella insurance module, and is also explicitly covered by aave dao backstop (eg dao committed to using treasury to backstop against bad debt). so if rsETH on ethereum ends up with no haircut, then not only are umbrella users completely unaffected (other than potentially GHO stakers to cover unbacked GHO on external chains), but the aave treasury remains intact aave core is also the primary money-maker for the aave protocol, and preserving this is probably top priority for labs team # user impacts if rsETH on Ethereum has no socialized losses/haircut, users on Aave core would end up being mostly unimpacted however, certain L2 networks would face an extremely heavy burden, with WETH suppliers taking a direct hit from unbacked rsETH current rsETH collateral across external chains includes: - Base: $71 million - Arbitrum: $152 million - Mantle: $116 million - Ink: $21 million - Linea: $1.4 million in some cases, rsETH backed loop positions may comprise a large share of the backing of aWETH, meaning that any assets borrowed against ETH may also be at risk of a haircut (USDC and USDT0 markets) mantle, arbitrum, and base seem to have the highest risk here, with mantle in particular having the majority of aWETH backed by potentially zero value rsETH. it is possible that Aave could successfully maneuver these chains into bailing out their markets (this may be part of the reason why Aave Labs prefers no loss socialization on Ethereum, to force the issue with relatively better capitalized chain ecosystems) we also note that ethena has a material deposit amount in the mantle USDT pool (debank.com/profile/0xB873…) which may face a haircut, potentially exceeding their excess capital buffer. if this is the case, then this would become another vector of contagion risk into Aave markets including Core and Plasma (which has been relatively less affected as it had no rsETH exposure at the time of the hack) # comparison with full socialization personally, i think that concentrating losses on external chains is actually a worse outcome for Aave in the case where losses are spread evenly including Ethereum users, this would engage Umbrella ETH depositors (roughly $50 million) and also enable using rsETH collateral on Aave Core to repay part of the debt, likely reducing the uncovered loss on Ethereum mainnet to an amount lower than Aave's current treasury reserves the loss levels on external chains would then be at much more manageable levels, with less risk of cascading spillover into large haircuts on stablecoin markets or impairment to other key aave collateral assets like USDe awaiting further updates from the Kelpdao team to see how this will play out in practice