Defi
It starts with Curve cascade
The Vyper reentrancy lock issue of old versions were exploited, affecting most Curve pooled protocols; even BNB wasn’t exempted
~70$m was stolen although majority has been refunded by the hacker e.g @JPEGd_69
Exploited Conic raised $1m from Mich
In all these chaos Curve secured huge OTC deals from esp big Asian players e.g Justin Sun
So big players are in. It’s left to Curve to build.
In all these someone things Mich orchestrated the whole thing 😅
Who saved the day for Curve?
Founder and team and curve fanned holders
Founder OTC frens
MEVer coffebabe.eth who helped frontrun Hackers two times to secure funds
And in all chaos MEV rewards hit ATH
Asides from OTC deals giga brain Mich had to find alternatives not to get liquidated
And creating crvUSD/fFRAX pool was one
This 🧵 will help understand ze pool beta 👇🏻
truSTless Abracadabra in bid to protect users tried to make sure Mich paid loans. Vote didn’t pass tho
It was a ruggy week. A week to remember
Curve wasn’t left out, as max exploits occurred on Base too. Leetswap exploited too
$Bald rugged with so many rumors of different alleged Bald devs; even SBF wasn’t exempted 😅
Also, it’s funny how 3months ago Bald dev sent a message to Euler $200m exploiter asking for stolen funds back
If you wanna know what really went down in ze BASEment, this 🧵 will help out
Sushiswap deploys on Base
Expect huge Vol and TVL on base onwards
Base on-chain Summer will go live August 9
Gud to add to your watchlist ahead of new week
Axiom new stablecoin
GHO farming
Parallax partners with AuraFinance for more yielding
#THE based
Omnichain #LVL staking is live. Users can now stake and claim fees in Arb and BNB
Early protocols to keep an eye on
Alpha on Linea
Top projects with high tvl on Mantle
Token unlocks to keep an eye for this month
polygon zkEVM blasts off
Also PolygonZero accuses zksync of copying they Plonky2 code to advance Boojum
Celo Community supports transition to L2
Scroll might launch this month or next
Nethermind, ETH innovator, collaborates with EigenLayer to create a marketplace for decentralized trust
Arbitrum moves towards decentralization as they launch permissionless design for its chains
Solana Defi
State of the Market
Rollbit Team accuses FatManTerra of racism- that is true, pedo - said he dated an underage, nudes, etc all sorts, and being a bad actor generally
Richard Heart sued by Sec for security fraud
Ripple Ceo releases video on Security, this video is educational and also sublimely targeted towards the Sec
A source says Binance helped users avoid kyc
A dev ‘mistakenly’ locks a token for more than 100years
VC buying #RLB
So many threads on superconductors, this one is better 👇🏻
Rumors that Huobi is insolvent and Tether is doomed
Ze end 🐍