🤝 We are partnering with @originprotocol to make low-risk ETH yield available to all. Starting with the covered Origin stETH ARM vault → 4.71% APY, with all-in protection against smart contract and economic risks, including bad debt. ETH yield with onchain-native protection👇

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Total donations and pledges for the Defi United fund to patch the Aave/KelpDAO exploit has raised 137,713.900 ETH ($311m) and counting, $19m more than the $292m that was stolen https://defiunited.world/

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🚀 OpenCover coverage is now available on @arcadiafi.eth’s @optimism deployment. DeFi on OP keeps improving, now bringing integrated protection to LPs and lenders on Arcadia. 👇 https://arcadia.finance/farm

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🤝 We’ve joined forces with @vaultsfyi to keep you safe onchain. Covered Vaults are now live on their UI and API, so you can manage yield and risk in a single place. How does it work?👇

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@griff.eth on @coinage discussing the KelpDAO / LayerZero / @arbitrum security council situation: https://x.com/coinage_media/status/2047021704061256019/video/1

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In DeFi, competitive yield has traditionally meant higher risk. Covered Vaults change that. @morpho Covered @steakhousefi High Yield on @base.base.eth is currently 6.80% Covered APY 🛡️ 👁️ Looking for competitive yield with full vault-native protection? https://opencover.com/vaults/base

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Where does the yield come from? I've always wondered why defi rates are so high. Rational actors should be compelled to harvest anything above fed funds rate and drive the yield down. Turns out the reason it was high was risk premiums. You can get 15-40% on your capital, but there's a 15-40% chance of you waking up with $0. The market wasn't wrong. No one captured these yields because the bulk of participants didn't want to take the risk and be left holding the (empty) bag.

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what have just happened with Aave is very concerning and deeply saddening. I hope you are safe out here fam.

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Morpho is on my shit list anyways because a protocol I angel invested in got acquihired. None of the angels got anything even remotely worth compensation for it even though they could have threw the investors who believed in the founders and team a comp. We didn't even realize until they completed the deal with zero communication. Overall bad vibes when people who try to be in the community and support people constantly have to eat shit to well funded corpos. I hope they don't get hacked but at this rate they are next, and I would not care if they did.

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Remember when I said you need to just remove all your funds from defi? Spot eth, bitcoin, and farcaster. Thats it. Nothing else.

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Been yapping so much I didn't even noticr Aave got hit with a $200M+ exploit. https://x.com/i/status/2045593585966252377

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📣 Introducing: stNXM A new primitive in the @nexusmutual ecosystem, built by Ease. stNXM is liquid staking for NXM, turning underwriting capital into a composable, yield-bearing asset. 👇

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🔥 Recap on Covered Vaults → the first vault-native risk transfer primitive. Built in collaboration with @nexusmutual and 15 exceptional partners, including @morpho, @kiln, and @symbiotic. Here is everything you need to know 👇

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Can someone call Ameen and tell him @letsgethai was fine? Turning off the p rate was stupid. It captured vol perfectly fine. When eth crashed, HAI also crashed and spiked rates. That was the point. It incentivized people to buy HAI or borrowers to think about their loan positions. The complaint was it took a while for rates to come back down, but it was actually totally fine since the rates were a fraction of perpetual options. You had a bond with a rate and spot market, and turned it off because a few people didn't read how HAI works. It was actually generating me a ton of cash just buying HAI on every dip and selling once it got to the target price. It was only a matter of time before people figured out how it worked. https://x.com/i/status/2044518998348571078

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- Borrow $40M of USDC by using $140M of WLFI from your treasury. - Buy calls of PLTR. - Get dad to tweet about Palantir to shoot the price up.

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