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EDA intern
2.1K posts
EDA intern
@EdaIntern
https://t.co/Flh1ElSMPH’ Boss. Eating good 🫛🫛🫛 at https://t.co/9H8rnOYsou.
Edamame.fun Присоединился Şubat 2022
1.3K Подписки300 Подписчики
EDA intern ретвитнул
EDA intern ретвитнул
We have been building on @Dolomite_io since 2022. We know the team along with @crypto_condom, @dcfgod,..
The infrastructure is solid and the security culture is real.
After evaluating this situation we currently hold zero exposure. Not because we lost confidence in the protocol. Because we cannot quantify the tail risk to our standard.
That distinction matters at D2.
If we cannot do it with our background and track record, the average user has no chance looking at that UI.
DeFi’s superpower is on-chain verifiability. Everything is there. But not everyone can read it at the level required to actually quantify tail risk.
That gap between what the chain knows and what the user understands is where the damage happens.
@nntaleb is right. Tail risk is not the expected loss. It is the loss you did not model.
In DeFi that usually means pool utilization hitting 100% at the worst possible moment, collateral you cannot price, or a possible liquidation cascade of @worldlibertyfi in a market that has no bid.
This is not a Dolomite-specific problem. DeFi still does not have standardized disclosure that translates on-chain verifiability into something retail can actually read before depositing.
The tail risk is invisible because the UI looks clean.
@Unchained_pod just had @HesterPeirce and the SEC Crypto Task Force on this exact topic. The amount of information is not digestible to the common person.
Regulators are paying attention. The industry should not wait for them to act.
We have seen how TradFi handled this. Rating agencies. Risk buried in footnotes. That is not the model.
Serious participants are not asking for less oversight. We are asking for regulation sophisticated enough to understand what on-chain systems already guarantee.
At D2 we are transparency maxis already. Epoch-level performance, audited architecture, on-chain verifiable returns. Published every cycle. Not because we are required to.
Because opacity is almost as dangerous as a $250M hack.
Ask any builder on top of @driftprotocol whether they knew a 2/5 multisig could add random collateral and ZERO them out.
Stephen | DeFi Dojo@phtevenstrong
Alright alright, I actually like the @Dolomite_io lads and think this is being overblown at the moment (though still recommend monitoring if you're a depositor). "Depositors getting locked out." Not quite: ⇒ $32M USD1 can withdraw if they wanted ⇒ $12M USDC can withdraw if they wanted Liquidity of WLFI is still an issue, but at the moment, it's not that much of an issue. There are two borrow positions open: ► One with 302M in mixed collateral (USDC, ETH, and WLFI). This has 101M USD1 borrowed against it (36% LTV): debank.com/profile/0x5be9… ► The other has only WLFI collateral ($244M) and $50M USD1 borrowed against it (20.5% LTV): debank.com/profile/0x44a6… Yes, WLFI did collateralize like half a billion dollars of and borrow against it, but retail can get out if they wanted -- even so, lenders should monitor this closely.
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EDA intern ретвитнул
‘hey we just make good markets with good rates and real people show up.’ 👀👀
To @smartestmoney, @loraclexyz, @ThinkingUSD, and other $HYPE loopers looking to add on a breakout: we just deposited $1M into @HypurrFi’s @USDT0_to if you need a cheap borrow.
Note: cc @androolloyd -> andyhyfi is out here killing the BD on a Friday night! 📈
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EDA intern ретвитнул
@EdaIntern @Dolomite_io @crypto_condom @dcfgod @Unchained_pod @HesterPeirce @kkirkbos @TuongvyLe12 Thanks for your service @kkirkbos, @TuongvyLe12, and Jessi Brooks.
Your pod is so underappreciated! 🫡
GIF
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@D2_Finance @Dolomite_io @crypto_condom @dcfgod @Unchained_pod just had @HesterPeirce and the SEC Crypto Task Force on this exact topic. The amount of information is not digestible to the common person.
great job @kkirkbos @TuongvyLe12 Jessi Brooks
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GIF
Norsk
EDA intern ретвитнул
Sorry Stani, this comes across as a bit misleading.
Core protocol revenue (interest fees, flash loans, etc.) does flow 100% to the Aave DAO.
The "product revenue" (e.g., aave dot com frontend fees, swap integrations like CoW Swap) is also directed 100% to the DAO under the Aave Will Win framework BUT only after Aave Labs and other vendors get compensated for building/maintaining those products.
It's fair that development, security, support, and ops have real costs (OK Labs or whoever handles specific pieces), and the DAO often funds or reimburses them separately.
Calling it "100% of revenue" without that context can sound like pure marketing when net value to token holders still depends on those expenses.
Happy to be corrected on the exact flows if I'm missing something.
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100% of @aave revenue will go to Aave DAO and $AAVE
Powered by @chainlink
jfab.eth@josefabregab
Active loans in @Morpho reached $4.3B, up ~30% YTD. It’s the fastest growing lending protocol in 2026 and needs no internal BD. The growth flywheel is simple: > Curators onboard LPs > Revenue goes to LPs & curators > Repeat The most interesting part? $MORPHO holders get $0.
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EDA intern ретвитнул
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EDA intern ретвитнул
What is the biggest pet peeve you have seen in derivatives trading?
@bennpeifert @KrisAbdelmessih @dgt10011 @jam_croissant @profplum99 @UrbanKaoboy @MidwestHedgie
Ours has definitely been getting judged ( as risky) on gross notional instead of net Greeks.
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EDA intern ретвитнул
Almost 20 years trading options. 5 of them inside global hedge funds with tens of billions AUM.
Here is what that actually teaches us about delta, gamma, theta, and vega that no textbook gets right.
And exactly how we applied it to a live DeFi book in January and February this year.
(OTC execution via @flowdesk_co)
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EDA intern ретвитнул
Our understanding un speaking with Saturn is that they skips the 30% withholding tax drag cuz it holds **real STRC shares** through galaxy (custodied at Clear Street).
Saylor + Strategy say 100% of distributions are **ROC, not dividends** no E&P, backed by filings. So no withholding.
DYOR, tax stuff can change as @saylor is clearly leveraging a ‘grey area’.
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EDA intern ретвитнул
EDA intern ретвитнул
Absolutely unbiased. 🤣
But absolute return with near-zero equity beta and long vol bias is looking good here.
@choffstein keeps building the case for it in TradFi. We have been running it on-chain for two years.
2.6 Sharpe. Near-zero correlation with risk assets.
D2 destination looks fine.
(Chart: D2 flagship vs SPY and TLT since Dec 2023)
Corey Hoffstein 🏴☠️@choffstein
this is absolutely worth the (quick) read. but it misses one point that I think is important: bonds may do less to diversify the volatility of the path today, but they can still do a lot to diversify the destination. see returnstacked.com/why-bonds-stil…
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EDA intern ретвитнул
Nearly $1B in $HYPE derivatives traded on @DeriveXYZ. D2 Finance is already a few % of that volume.
The market is just getting started.
Need a block on $HYPE options for 10k+ notional? Ping us on Discord. We can often beat mark when it fits our book and fill you on @DeriveXYZ.
Real alpha below.
We’re shipping a 24/7 intent-based quoting engine. But this isn’t just for humans.
We’re building for the agentic era.
Your agent defines direction and capital at risk.
Ours handles everything underneath. Live vol surface. Optimal strike selection. Spread construction. PM blotter. Greeks reviewed. IPV gate. Central Book matches at better than the market.
Only residual hits open market via @DeriveXYZ.
Agent to agent.
This is what on-chain options infrastructure looks like when built for the next five years. Not a UI.
A backend for fintechs and agents that need a proper risk layer for their users.
Institutional rails. On-chain. Native to @HyperliquidX. coreWriter coded.
Which fintech is looking for an agent-native risk layer for their users? DM or Discord.
We want to talk.
Derive.xyz@DeriveXYZ
Worth highlighting: Nearly $1B in $HYPE derivatives has been traded on Derive, much of it collateralized with HYPE itself. A reminder that HYPE and kHYPE can be collateralized on Derive. We're reviewing physical settlement for the roadmap.
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EDA intern ретвитнул
$0 to $1B in 3 years.
Return Stacked. 7 ETFs. A whole category. Now with copycats.
@choffstein is running a different game and everyone else is slowly realising it.
D2’s internal benchmark is 10% of whatever Corey builds next. He keeps raising the ceiling. We keep running harder. That’s the only goalpost worth chasing.
Highly recommended for anyone who wants real upside scaling a TradFi business.
We do forgive him for the time lost hunting the next @HyperliquidX via @LorisTools.
Meanwhile HIP-3: $158B volume. 221K traders. 60M trades.
Hyperliquid was always the next Hyperliquid.
Corey Hoffstein 🏴☠️@choffstein
We're hiring. 3 years: $0 → $1bn+ AUM. 7 ETFs. A category we're taking mainstream. Now we need someone to help scale the advisor relationships that got us here. Associate, Advisor Solutions — internal sales, clear path to external. Remote. If you've got distribution experience, know ETFs or alts, and want to sell something you actually have to understand — link below.
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EDA intern ретвитнул