The Node Network

Aave, Kelp, and the $300M Question: Is DeFi Security a Myth? x.com/i/broadcasts/1…

@cryptorand $MORPHO I bet saw a chunk of that liquidity

While $AAVE saw a -44% TVL decline other projects like $ONDO, $CFG and $HYPE benefited from it

@Flowslikeosmo We are about to talk about this on our live show. This has made clear fundamental flaws in many protocols that need to be addressed

After the dust settles with the rsETH hack, the question for me is what is the fair value for $AAVE - TVL has fallen significantly, dropping from over $36B in mid-January to under $17B today. - Weekly protocol revenue has plunged 62% before rsETH liquidations temporarily reversed it. - BGD Labs, the team behind Aave V3, exited in early April. Today's $4.35M in daily fees is liquidation fees, which are temporary. At $93, $AAVE is roughly fairly valued on trailing 365 day numbers, P/S 11.4x on $123M rev. If revenue stays at $73.9M, that implies a P/S of 18.9x; the bear case is ~$39–$81. On the bright side, you have a $50M annual buyback program that's live, $1.4B mcap, that's a 3.6% buyback yield. Arbitrum recovering some of the stolen funds helps with the bad debt Aave had. TBD on Aave Pro + Aave App + Horizon + Aave Kit, increased adoption with revenue directed at $AAVE holders If these go well, the bull case is $225 The question for me is whether the TVL cash is temporary and not a market-wide deleveraging. Personally, I think the grave dancing is overdone.

@firearmvideos SO they got rid of guns, now knives, so whats next? At what point is it not the object? When do they admit its just bad people will do bad things?

Clown.

@CantonNetwork @wesarn_real This is what real adoption looks like

Broadridge processes $250 to $400 billion in US Treasury repo daily on Canton. Across the network, physical commodity settlement, life insurance, and home loan underwriting are live. DEXs and AMMs are generating around $3 million in fees regularly. @Wesarn_real explains.

Going LIVE in 45 minutes 5PM PST to discuss DEFI security and the fundamental flaws that keeps allowing these exploits to happen. youtube.com/live/6u-HDtTr-…

🚨 HOLY CRAP! FBI Director Patel says leftist NGO Southern Poverty Law Center, which has now been indicted, was using donor to pay leaders of the KU KLUX KLAN to stage "HATE CRIMES" "They used the FRAUDULENTLY raised money by lying to their donor network—THOUSANDS of Americans—to go ahead and actually PAY the leadership of these supposed violent extremist groups. "Furthermore, our investigation revealed that the Southern Poverty Law Center—on TOP of perpetuating this widespread decade-long multimillion dollar fraud—conducted more criminal activity. They attempted to HIDE their criminal activity from our financial banking network. They set up shell companies and entities around America so that the financial institutions that we rely on as everyday Americans were DECEIVED in believing that money was NOT coming from the Southern Poverty Law Center in the perpetration of this scheme and fraud, but rather fictitious entities they stood up to perpetuate this ongoing fraud." @FBIDirectorKash

ALWAYS a red flag

@Rothmus Have been running into a lot lately

🎯

@firearmvideos Why, just why? If there isnt one in the chamber doesnt matter

So confused… Glock owners do you do this?

@Param_eth DAMN just DAMN lol

Sorry to say, Lazarus Group is the top hardworking smart contract security auditor in the world. Other auditors charge $50k and miss critical vulnerabilities. These guys work for free and never leave any money from the contract. Their resume: • Bybit: $1.5 Billion • Drift: $285 Million • WazirX: $235 Million • KelpDAO: $292 Million • DMM Bitcoin: $308 Million • Axie Infinity (Ronin): $625 Million And many others.

@DeFi_Dad @aave Despite being the top lending protocol in DeFi, Aave has a fundamental flaw: its pooled liquidity model. By keeping all assets in a single pool, the protocol remains unable to contain specific risks, allowing a single event to threaten the entire multi-billion dollar ecosystem.

I really feel for the @aave team here because even though they own responsibility in what’s ultimately affecting their users having onboarded rsETH, it all starts with L0 (and Kelp). L0 is a major infra provider, like an electric utility company for DeFi. I have empathy too for the difficult high stakes role they have played in DeFi. But when a forest fire burns everything down and starts due to sparks from failed electric grid equipment, we hold that company responsible. Aave doesn’t have the luxury of waiting on L0 to step up because so many of its citizens’ homes are at threat of burning down and those affected are demanding resolution, future protection, and answers. I can appreciate they have to act quickly to stop the fire from spreading. And it means they are likely to step up with emergency funds to make the situation better than to just let the fires play out. We don’t see lawsuits often in DeFi but L0 could be drowning in them due to this debacle unless they step up. DeFi is a game of confidence and if L0 doesn’t step up here to cover any losses after all this, how can you ever trust this team? I’d never trust L0-anything again after this. And investors/protocols will punish them—by selling ZRO, not integrating with L0, and Christ have mercy if I would ever touch a new L1 by this team. Good luck getting Aave on Zero. Note: Kelp is good as dead after all this. Won’t even waste my time thinking about it. I’ll just focus all my annoyance on L0 who is much more entrenched across DeFi.

Amazon had revenue growth, users, market share and eventually profits. $DAG has had years of narrative changes, treasury selling and “just wait.” Amazon did not spend years telling investors “the demand will come later” while the stock kept making new lows and the product still was not forcing people to buy the stock. If your thesis is right, quantify it. How much $DAG demand does one company create? How many snapshots? How much buy pressure versus the millions of tokens being sold? Because “one day people will understand” is not a mechanism. It is a hope.

@Andrewj89boyce @ArcRaidersInfo Just would add depth to the game to be able to have bounties and bounty hunters. Would make the game more realistic as it would add a layer to the game tha would give consequences to attacking people.

@TheNode_Network @ArcRaidersInfo Damn yall just really cant get over dying a few times.. Ive died with 125k loadouts... Just go again.

1 week until the BIG Riven Tides Arc Raiders map drops! 🗺️ Will you be playing?

What pushed it there isn’t "fear" it’s a serious architectural flaw in how liquidity is pooled that has finally been exposed. The issue is systemic contagion: The Aave Vulnerability: Because all liquidity on Aave is pooled together, every single liquidity provider (LP) was effectively forced into being a counterparty to the rsETH exploit. When toxic collateral enters a unified pool, there’s no way to "quarantine" the damage. The whole system has to freeze because the risk is shared. The Morpho Solution: Contrast this with Morpho, which utilizes isolated markets. By separating provided liquidity into distinct vaults, you create a circuit breaker. If one asset is exploited, the damage is contained to that specific pair. Lenders in other markets remain completely unaffected. We need to stop calling these "bank runs" and start calling them "design failures." One protocol creates a single point of failure; the other creates firewalls. This isn't a sentiment issue—it’s a structural one.

Aave is sitting at an 18-month low. The only thing that pushed it here? Fear. @BitcoinJesusETH: "The total value locked has exploded since it was last at this price level." "The fundamental value of the DeFi ecosystem has exploded. The only thing that's pushed it down here is lack of attention and fear." "The upside potential has never been stronger."

If you’re holding $LINK, or many other tokens you need to kill the "revenue sharing" hopium and understand exactly what you own. There is a massive disconnect between the company and the token that most people ignore. Here is the reality of the asset: Zero Claim to Company Profits: Chainlink Labs is a private software company. When they sign massive enterprise deals or consulting contracts, that revenue stays on their balance sheet. It does not flow to token holders. $LINK is not equity. Staking ≠ Dividends: Staking isn't a passive slice of corporate earnings. It’s a "work token" model. You are being paid a fee to provide security to a decentralized network. If the network isn't used, there's no "yield"—regardless of how much money the company is making. Success is Uncoupled: Chainlink Labs can be the most successful tech company on earth, but if the protocol’s economic design doesn't force value into the token, the $LINK price won't care. You aren't betting on a business; you're betting on the specific demand for a decentralized oracle utility. Bottom line: Don't confuse corporate growth with tokenomics. They are two different animals, and one doesn't legally or mechanically owe the other anything.

@TheNode_Network @chainlink Soon all will be revealed, 2026 is gonna be the best year for $LINK hoders

🚨BREAKING !! 🚨 @chainlink just released it’s Q1 financials, and reports a staggering $135 Million in Q1 earnings. Making it one of the most profitable #Crypto protocols $LINK repricing imminent

You’ve highlighted a critical reality regarding the disconnect between the $DAG token and Constellation. Your point about these assets not being securities is vital; because there is no legal obligation to token holders, the traditional 'shareholder' mindset doesn't apply. This isn't unique to $DAG it’s the standard across most of the crypto landscape. To succeed as investors, we must look past the hype, dismantle our own confirmation bias, and view these assets with objective logic rather than emotional attachment.

✍🏼 @Conste11ation is building backend infrastructure, not a hype coin, which makes $DAG a long term play. $DAG is not driven by retail speculation or short term cycles. It is about real systems, enterprises, governments, data pipelines gradually integrating the network over time. Progress may look quiet from the outside, but the model is built for durability over attention.

@realLoyalSoon @Conste11ation @arbitrum Interesting do you have any sources for this? I would be interested to read up on this for our show

$DAG holders, you are lucky and you do not even know it. @Conste11ation modified on chain balances with zero governance, zero community vote and zero public announcement and got silence. @arbitrum $ARB did something similar and are now facing a firestorm on X.

Market Wrap: LIIVE coaching x.com/i/broadcasts/1…