DeFi
DeFi Dynamics. Exploring the Future of Finance.
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@tekrox.eth
Time for March Eurooo stats:
- The EUR stablecoin market crossed €700M.
- EURC holds strong above €415M. (64.3%), EURC's absolute supply grew — the market around it is simply growing too.
- EURCV is gaining ground. SG Forge's EUR CoinVertible climbed to €62.2M and now holds a 9.6% share.
- AEUR and EURI are nearly tied. The gap between third and fourth place is just €0.4M — a race worth watching in April.
- Ethereum's share is growing. At 70%, Ethereum now holds an even larger proportion of EUR stablecoin supply than in February.
full article below
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@monteluna
You HAVE to be kidding me.
He insider traded the news of him being outed as the insider trader.
https://x.com/bubblemaps/status/2027105956073771392
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@monteluna
This is actually what's wild about this. You have dudes here trying to get street cred from running 18 agents at a time, or people who are career psychopaths when it comes to illegal trading.
I have a buddy from high school who got his GED and makes a clean $200K a year being a master electrician.
On both ends of the moral spectrum, too many people are wildly optimistic about being really efficient at doing absolutely nothing when compared to the field.
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@opencover
📈 COVERED YIELD SPOTLIGHT 📈
40acres Pharaoh USDC → 6.16 % Covered APY
Explore how to outperform offchain savings rates while mitigating protocol risk.
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@monteluna
I actually think this is good, especially if done by Zach himself.
Zach has previously posted about how he isn't really able to monetize his work and is constantly hounded by people to work for free.
Essentially by delaying his reveal to generate hype and market making it, then trading it himself, he is able to monetize his attention.
*Technically* this is exactly what we want when it comes to tokenizing content, and is a great example of "info trading" (term coined by @ruminations).
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@opencover
What Good Protocol Protection Should Feel Like in DeFi
Risk exists everywhere, offchain and onchain. In DeFi, protocol risk is embedded throughout the stack.
It starts at the code layer, where smart contract vulnerabilities can sit unnoticed until exploited, as seen in the recent ~$110M Balancer v2 incident.
It extends to economic design flaws, such as the $100M oracle manipulation of Mango Markets, where price feeds were the attack vector.
It takes the form of liquidation and accounting failures, such as Stream Finance’s $93M collapse.
And it reaches governance and centralization risks, like Beanstalk’s $180M flash loan governance attack.
In a composable ecosystem, failures can cascade. A single exploit can create second-order losses across vaults, aggregators, and downstream protocols.
Even well-audited protocols remain exposed because risk does not live in a single contract. It is structural.
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@monteluna
Is exploiting structures in blockchain capital markets to make money a crime?
I do think this question needs to be answered in DeFi and crypto because retail will not tolerate capital destruction from arbitrage trade. We can say no crying in the casino, but eventually people will stop coming into the building.
https://x.com/zerohedge/status/2026155452795371778
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@monteluna
Bruh they just had an oracle error back in November. Again!?!?
https://forum.moonwell.fi/t/mip-x43-cbeth-oracle-incident-summary/2068
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