@lordgadsby
Why it matters+call to action:
Why this matters beyond me—
• A single exchange anomaly should never be able to nuke user accounts.
• It creates a vector for oracle gaming: transient prints can cascade into forced liquidations.
• Drift’s “stable loop” was normalised as safe yield—yet a freak tick unwound it instantly.
• Trust erosion isn’t just personal—it damages Solana DeFi credibility.
What needs to happen now:
• Reimburse losses from the 16 Sept USDY outlier.
• Publish an incident report on why the pause didn’t trigger.
• Ship fixes: stronger outlier filters, venue weighting, deviation bands, longer TWAP windows, and a liquidation guard.
• Document policy for rollbacks/remediation after venue anomalies.
Call to others:
If you were liquidated around 07:00 UTC on 16 Sep during the USDY spike, reply here. Share what you can so we can map the impact and hold Drift accountable. Recast to reach others.#Solana #DeFi #Risk #DeFiSafety #Oracles #Liquidations #Accountability
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