Recent developments:
1. Mortgage rates cross 6% for first time since 2008
2. FedEx warns of huge slowdown in shipping
3. Computer chip producers fall on weak demand
4. Housing prices down 6% in 2 months
5. Credit card debt up 30% in 4 months
Recession is an understatement.
A court in South Korea has issued an arrest warrant for Do Kwon, a co-founder of crypto project @terra_money, for allegedly violating capital markets rules. https://t.co/ZMCXlyVJjy
Since flashbots' mev-geth is going to be depreciated, I moved my fork into a new repo and updated to support the merge https://t.co/Zk2GIPDMbL. Only has eth_callBundle atm with logs, accesslist, and overrides, more soon probably
A thread summarizing the latest Maker Drama™
How we went from onboarding a US Commercial Bank to discussing how to depeg from the US dollar in less than two months. (1/38)
1/ Long-haul trucking is one of those industries that everybody relies on, but that few spend much time thinking about. The men and women who crisscross our highway system to deliver indispensable goods are among the unsung heroes of our economy.
Uhhh why is no one talking about @SturdyFinance?
USDT/DAI/USDC lenders are earning a sustainable 7-10% APR, whilst borrowers pay ZERO interest/can earn up to 25% APR through FRAX/USDC (FRAXBP) LP tkns!
How is this possible??🧵👇
DEX Arbitrage, Mathematical Optimisations & Me
If you’re a scholar of MEV, understanding how to maximise arbitrage profit is something you should be interested in
Lucky for you that’s what we’ll be diving into today
https://t.co/IHssoxgjSO
gm
While you were asleep the BendDAO bank run finally happened
15 wETH ($25,081) left in the wallet that had 18,000 ETH ($29,160,000) in it just 48 hours ago
Still 14,500 wETH owed to lenders....
Absolute shitshow
Attention Arbinauts, the Arbitrum One migration to Nitro is now two weeks away, currently scheduled for August 31st! 🚀
As a guide to ensuring you are prepared for the migration, we’ve prepared a few questions that we recommend all teams run through. 🧵
MakerDAO founder @runkek considers the sale of a portion of DAI's USDC backing for ETH.
“The sanctions are a lot more serious than I first thought... we should seriously consider preparing to depeg from USD... 'uprooting' which is what I call the yolo USDC into ETH approach”