Exit Alpha USDC Delta V2 on Morpho immediately! It has 17M exposure to the msY (Main Street Yield) market. This market is fully utilized for a couple of days already, with borrowers paying 100% apy. Strangely, big borrowers aren't repaying. msY is an off-chain strategy that promises 12% doing a 'box spread'. No way to check under the hood here. Take the liquidity and leave, ask questions later.
@ChainLinkGod@maybeltr gas costs for claiming USDC even on eth mainnet nowadays costs just a few pennies. the fees theyโre charging is extortionate. @cctpto uses circleโs contracts directly without the added fees.
@ethereanbull The 2624 price is wrong, not sure what price oracle etherscan is using. Use meta matcha to simulate a swap or check dexscreener. Base prices are expected to be at a much small discount since reth is natively bridged (takes 7 days to return to mainnet) so arbitrage is lagged.
@z0r0zzz the deployer wallet pk that was used for the vanity 0xDA1...da1 address was compromised a while ago but the deployed contract is safu (immutable, and the code is legit). maker stopped using that deployer after the incident. the only other l2 that uses that DAI address is Optimism
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@FarooqAhmedX@binji_x@VitalikButerin The chain was not rolled back unlike bitcoin. A roll back is where every single transaction after an arbitrary block is undone. Ethereum had an irregular state change where only the eth on the hacker's address was removed and placed in a refund contract.