
Double Tops
5.7K posts

Double Tops
@2xtops
Casual participant | Community member | Developer


BREAKING: 1) what actually happened at FTX. DEBTOR PRODUCED reports show FTX entities in BK as solvent by $4B as of Nov. 30, 2022. 👿's advocate "but but but its all Sam coins" That reduces it by $1.4B to $2.6B. So, sorry Austin, it wasn't "deeply, wildly insolvent."














The Linea Consortium has approved a 4% LINEA allocation for Liquidity Providers who participated in the Linea Surge campaign. SBTs were minted last Friday to eligible wallets as the first step toward distribution. More details on the conversion of these SBTs to LINEA tokens will be revealed with the official eligibility checker.


With $PUMP eco catching back up Hot air shall rise back on top Prob a good spot to add Fartcoin if Bitcoin holds the range, easy invalidation as well


This is an open letter to all HyperEVM lending protocols that accept stHYPE as collateral in the Core "Global" market🚩 Not many realize that stHYPE (@stakedhype), Thunderbolt’s liquid staking token, is managed by a CENTRALIZED multisig FULLY controlled by the Thunderbolt team. Thunderbolt team has ignored my inquiries about their architecture and decentralization plans for over a month, despite multiple follow-ups on both Telegram and Discord tickets. Over $1 billion (≈60%) of HyperEVM’s TVL is indirectly, and $300 million directly, controlled by the Thunderbolt team. They have the ability to withdraw ALL underlying staked HYPE of stHYPE on HyperCore at any time by simply voting through their multisig, causing stHYPE to literally crash to ZERO. It could trigger a LARGE black swan event on HyperEVM, especially since most of HyperEVM’s TVL is involved in looping strategies. If stHYPE crashes to zero, a massive liquidation event will occur, causing MOST lent HYPE to be lost. As a result, both HYPE lenders and stHYPE loopers could lose EVERYTHING. To my knowledge, stHYPE is the only LST powered by a centralized multisig in the world, and 60% of HyperEVM’s TVL is running on it. The solution is to move stHYPE from the "core" markets to isolated markets to isolate a rug pull risk. FTX drama didn’t teach many. @felixprotocol @hyperlendx @HypurrFi @hyperdrivedefi
















