wildcat analyst #3 รีทวีตแล้ว
wildcat analyst #3
279 posts
@wildcat_intern @functi0nZer0 The real story is the lack of IP on the IP blockchain.
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Wildcat raised: $5.3m
Wildcat 24h revenue: $2,826
DBCrypto@DBCrypt0
Raised 9 figures Generates less revenue than a kid's lemonade stand
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just use wildcat
laurence (hikikomori variant)@functi0nZer0
I have a proposal here somewhat off the dome, that I'm going to drop here and then bring to Aave directly: we can facilitate exactly this with @WildcatFi, today. I haven't caught up with the precise amount to which the hole has been covered, but Aave Labs, once registered as a borrower, would be able to deploy a WETH market parameterised precisely as specified below - tradeable debt token called aaveWETH, 5% APR, whatever capacity it felt is/was viable for them to take on (which can be increased/decreased ad hoc). Open-access policy restricting OFAC-sanctioned addresses from depositing, but otherwise open to all. The market would presumably need to be fixed-term in duration - Wildcat markets can facilitate up to two years before converting, and can be configured so that they can be repaid/terminated early if needed. The prime issue here is time-duration - there would be a need for immediate secondary liquidity for aaveWETH, but there are protocols such as @agra_gg that can facilitate this provided liquidity is made available (presumably 1:1 based on faith in Aave to repay in time) - alternatively solver-based DEXes such as @bebop_dex could assist here. I genuinely don't mean to use a catastrophe to promote our work, and apologise if it comes off as crass - but this kind of facility was also something that we raised in the immediate aftermath of the Bybit hack as a way to facilitate an emergency bridge loan. In the interests of 'participating' in DeFi United, Wildcat Labs could/would also specifically request that the Wildcat Foundation (which receives revenue from markets) set aside the fees from such a vault (which would be 25 bips on 5% for the duration of the market) to be set aside/earmarked as assets to be handled as best thought appropriate (although, for the avoidance of doubt: the Wildcat Foundation is a wholly independent entity that would have the right to reject this request - I feel compelled to mention this for legal purposes). I truly think that Wildcat can help here if needed.
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wildcat analyst #3 รีทวีตแล้ว
every protocol handling withdrawals should be using something like @phylaxsystems
set rules on what are and what aren’t normal interactions
Hasu⚡️🤖@hasufl
Every Defi protocol should have: 1. Circuit breakers for deposit and withdrawals, and possibly other internal operations as well 2. Timelocks for any change 3. Security councils that can shut down protocols immediately We don't need insurance, we need to do start doing the ffcking basics correctly. It's too early for this space to drive without any training wheels. I beg you, sacrifice a tiny bit of UX to gain a lot of peace of mind. The worst possible UX is losing your user's money.
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@bigironchris @functi0nZer0 Smash RT and be sure to hit that follow button (or something)
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@functi0nZer0 @wildcat_intern Not reading all that shit
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wildcat analyst #3 รีทวีตแล้ว
In the interests of stating it publicly, Wildcat *as a protocol* is unaffected by today’s attack - no borrowers have any markets with rsETH as the underlying.
It remains to be seen how any second-order effects bleed out, and Labs will be paying attention and asking questions as appropriate and as details unfold.
As it happens, we had recently had a internal debate on the benefits of looping/distributing exotic assets (and in the DeFi sense, tokenised debt qualifies) - basically arguing between TVL growth versus a substantially larger risk surface space
Even though the root of this incident appears signature based, once the post mortem and path forward is clear, I’d like to add another perspective from a paranoid who’s seen nearly all of it before
My sympathies to everyone affected - I’m happy to make my/the Wildcat Labs engineers’ time available to anyone that wants to chat about the immediate and near-term changes we envision accounting for given the two gigantic security/signature based attacks in the last month
Take care, all
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wildcat analyst #3 รีทวีตแล้ว
wrapped wildcat market debt tokens are non-rebasing and serve as the entry point for integrating or building on top of wildcat
If you have any ideas or plan to build on top of it please reach out if we can help
Wildcat Labs@WildcatFi
ERC-4626 wrappers are now deployable for all @WildcatFi markets! Wildcat debt positions can now easily integrate into the broader DeFi stack. This means that wrapped market tokens can be deposited into @Morpho vaults, used as collateral on @eulerfinance, supplied to @aave and so on - anywhere that accepts ERC-4626 assets. Wildcat's composability surface just got a lot larger! app.wildcat.finance/lender
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@wildcat_intern @functi0nZer0 When coin launchpad with rehypothecated debt tokens ?
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society when wildcat allows rehypothecation
Wildcat Labs@WildcatFi
ERC-4626 wrappers are now deployable for all @WildcatFi markets! Wildcat debt positions can now easily integrate into the broader DeFi stack. This means that wrapped market tokens can be deposited into @Morpho vaults, used as collateral on @eulerfinance, supplied to @aave and so on - anywhere that accepts ERC-4626 assets. Wildcat's composability surface just got a lot larger! app.wildcat.finance/lender
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if she doesn't remember racer she is too young for you
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@wildcat_intern spread the alpha, what's the funniest thing we can do after this sweet update
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intern is dead
analyst #3 negotiating for 15k and a pack of Cubans
going to end up at consensus miami tallying patagonia gilets
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wildcat analyst #3 รีทวีตแล้ว
We now have a Telegram notifications bot: real-time alerts on every market event that matters, configured to your preferences.
t.me/wildcat_notifi…
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