DeFi Drew

🚨 NEW: Chainlink, EPOCH Digital Credit, and Synthesys launch tokenized private credit fund across 6 global financial markets TreasuryPlus (TPLUS) is the first digitally native, institutionally managed tokenized private credit fund with traditional fund administration The fund spans 22 distribution channels from day one across six global financial markets Planned distribution partners include Pinetree Securities, Tokinvest, EXIO, and Assetera, connected through Synthesys Network, spanning marketplaces and broker-dealers across Singapore, Hong Kong, the US, UK, Europe, and UAE This was made possible by Chainlink’s data, interoperability, and orchestration standards, powering cross-chain distribution and real-time stablecoin settlement Chainlink is how tokenized funds scale to global markets 🏦

I already proved that the claim ">90% of RLUSD issued on Ethereum and other chains" is wrong. But what about stablecoin market share on the XRP Ledger in comparison to all other networks? Is it really <0.01%? 🤔 Let's quickly check that one as well looking at DefiLlama: Total Stablecoins Market Cap: ▪️ $317,092,000,000 Stables Market Cap on XRPL: ▪️ $367,040,000 Reality = ~0.115%, so definitely way above 0.01%. 🙂

The Wizards trading for Trae Young + AD and benching them both for the rest of the season is a blatant sign that the NBA Lottery system has failed to stop tanking. I came up with a solution to fix it:

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.

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.

in case you guys didnt realize what is happening its happening Swift 💙 $LINK

Proposal: “The Bridge Across” A temp-check exploring whether Across should evolve from a DAO + token structure into a U.S. C‑corp. via a token-to-equity exchange and token buyout. Thread and proposal below ⤵️