DefiShaka.eth

By and large, this guidance basically agrees with the position of the crypto industry for years. It makes clear most crypto token aren’t securities but some are. Short thread laying this guidance out.

Farmer carry challenge update! Each week I test how long it takes to perform a 0.5mi farmer carry. 30s rest each time I have to drop the dumbbells. 35lb dumbbells week 1, 40lb week 2, 45lb week 3, 50lb week 4. Massive improvements on today's 50lb test. Improved: * # of carries from 18 to 10 * Total rest time from 8:36 to 4:32 * Total time from 20:28 to 12:55 * Longest carry from 1:08 to 2:11

How the fuck is CT grading this response on tone instead of product judgment? Thinking the issue is that a warning appeared, that a user checked a box, or that the trade could technically be completed, is stupid. The issue is that a leading interface in DeFi allowed a $50M order to move through a flow where catastrophic execution was an entirely predictable outcome. Once you know the order size, know the available liquidity, know the expected slippage, and know the probable output degradation, responsibility shifts to the system design itself. At that point, hiding behind user consent is weak as fuck. Consent inside a badly designed decision environment does not suddenly become good product architecture. Imagine using the same checkbox for acceptable slippage on a normal trade and on a trade that can lose $50M.... What they are doing, through lack of vision and lack of standards, is pushing liability downstream. What makes this worse is that the solution is obvious. Extreme order sizes should trigger a different class of interface behavior because they belong to a different class of risk. Hard execution thresholds, delayed confirmations, forced acknowledgment of minimum output in large font, segmented execution paths, deeper routing logic, stronger friction as size detaches from liquidity, and escalation rules for absurd trades. None of this requires a research breakthrough. It requires teams to stop acting like legality at the transaction layer is enough to claim integrity at the product layer. Aave has enough stature, enough resources, and enough industry visibility to know this. So when one of the flagship names in crypto answers an event like this with “the warning was shown and the system worked as intended,” what it really communicates is something much uglier: the mindset of too many crypto founders is complacent as fuck, and that is exactly why the industry still struggles to earn the trust it keeps claiming it wants.

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.

Gm lads - Did this month's Achilles in honor of my home here in Chadistan-By-The-Sea 💪 As many of ya'll know I moved here 2-3 years ago and it was literally the best decision I've ever made... Its funny because I remember for years I would always tell people: "If I ever got cancer I would just move somewhere tropical and sleep outside every night and swim in the ocean every day and eat nothing but real foods" and etc... And then finally it occurred to me- well, if that's what I'd do if I got cancer, then why not just do it anyway? It was the same with the TV show Lost, which I've always been a massive fan of... I would watch the show on repeat, on a loop, for years on end... And I would just constantly think: "Man... that would be so cool to just live on some tropical island, and chill on the beach all day, and sit around a fire, and hike through the jungle at night having all sorts of adventures..." So I eventually I decided to move here to the tropics, and all of the above is exactly what I've done... With that said, I still have an overwhelming love for the mountains, and the north, and the little slice of hyperborea I grew up in. And I do unequivocally think growing up in the far north makes one tougher and also gives one far greater perspective, and far greater appreciation for the fragility of life and the passing of time and lots of other stuff... Indeed I really grappled with the question of moving here as a result of that... I thought to myself: "If my viking ancestors could survive and thrive in Scandinavia, why shouldn't I be able to survive and thrive in the northern US?" And I basically came to the conclusion that our day to day life is vastly different now than 1000 years ago, and alot of that makes it much harder to live a healthy lifestyle in cold climates now vs then, and conversely makes it much easier to live a healthy lifestyle in tropical places now vs then... And basically if I want to absolutely max out my health and quality of life in today's world the best way to do so was moving somewhere tropical... So, as a result, I am currently on my 'vikings in equatoria' arc, and sleeping under the stars and working out on the beach and everything else :) And, indeed, I have never felt healthier my entire life.... If you have any opportunity to do the same (and it doesn't involve leaving family behind- as family is the most important thing obviously), then I would highly recommend doing so 🤝 .... But yeah, as always: 'Achilles' workout was two miles of carrying two 70 lb dumbbells while wearing a 70 lb backpack (two miles of successive farmers carry's basically), plus 70 weighted 70 lb pullups at the end... Time was 2 hours and 56 minutes... Appreciate you all tremendously my brothers 💪🤝