13R0J12 🌎

Crypto research & airdrop campaigns
On-chain tasks, incentives & early narratives
Focused on asymmetric opportunities

$BTC | $TAO | $SUI | $WAL

[TBookFoundation @TBookFoundation]

TBook Governance is now live.

The first 2 proposals are active, with more to follow as TBook evolves.
Let's build together！
https://t.co/xcRERInUff
https://t.co/iR1Y4S5nAx

[13R0J12 🌎 @13R0J12]

Be first on DeepBook — early access opens in waves. https://t.co/QIAE4AVLUp

[13R0J12 🌎 @13R0J12]

@volo_sui Congratulations, good work! 💪🏾

[Volo @volo_sui]

✅ Recovery Update #4 - Volo Vaults

We have good news, recovery is well underway.

Through swift coordinated efforts across our team and ecosystem partners, we have successfully identified the perpetrator of the attack and contained its impact.

The total net loss from this incident amounts to approximately $200K, which Volo will compensate in full from our existing Treasury balance.

Users will not bear any loss. A full back-to-business plan is coming shortly.

Thank you for your continued patience, trust, and support.

Here is a full breakdown of what happened and where things stand:

▸ The exploiter stole USDC, XAUm, and WBTC. Approximately 50% of the XAUm and WBTC holdings were sold into USDC.

That amount, together with the directly stolen USDC, was bridged to Ethereum and converted to ETH.

▸ The remaining WBTC was intercepted and locked before it could be sold, and approximately half of the XAUm was frozen in place.

Here is the status of each recovery:

▸ 90% of stolen funds recovered in ETH: We have successfully recovered 90% of the stolen funds, which have since been converted back to stablecoins and bridged back to Sui. These funds are now safe with Volo.

Addresses controlled by Volo:

ETH address: 0x010788D605db74B22974cF4eCdE67Cb325067461

Sui receiving address: 0xbfcd10fc8664d6d1f93c888f3a1c15111af819fecc56e6a5f2734b21119fa175

▸ 19.6 WBTC fully reappropriated: The WBTC intercepted on the LayerZero bridge has been successfully reappropriated in full on Ethereum and will be bridged back to Sui in Volo's control.

▸ 100.6 XAUm unlocked on Sui: Working with our partners at Sui Foundation, these funds have been returned to Volo’s custody.

▸ Remaining 115 XAUm: The XAUm disposed of by the exploiter will be reminted in full through MatrixDock's minting mechanisms and brought back into Volo.

This has been an extraordinary test of our team's resilience and the strength of our ecosystem partnerships.

We are proud of how quickly and decisively we acted, and deeply grateful to the Sui Foundation and every partner who stood with us through this.

Most importantly, thank you, our community, for your patience and trust during a difficult moment.

We will not take that lightly. Volo comes out of this stronger, more battle-tested, and more committed than ever to the safety and integrity of your assets.

We're back, and we're moving forward together.

[13R0J12 🌎 @13R0J12]

@lochie_sol You can take a look at @frankencoinzchf to differentiate a bit.

[13R0J12 🌎 @13R0J12]

@DeItaone Who even believes them anymore? The pattern is always the same.

[Stani @StaniKulechov]

Aave Will Win, the most important proposal in Aave's history just passed with a landslide.

Here's the master plan going forward:

General Direction

- Aave becomes fully token-centric: one asset, one model: $AAVE

- To date, protocol revenue per AIP-1 has accumulated to the Aave DAO: $140M in 2025, with 2026 on track to match that despite the market downturn being limited to protocol-only revenue

- The AWW proposal introduces a new revenue stream: application and product revenue generated outside the Aave Protocol, now directed to the DAO as additive revenue

- This covers Aave Pro, https://t.co/V3TzmYrmSG, Aave App, Horizon (RWAs), and Aave Kit, all flowing back to the DAO treasury

- Swaps on https://t.co/V3TzmYrmSG and Aave Pro are already generating $10–20M in new revenue on top of existing protocol revenue

- Aave V4's reinvestment feature ensures that float capital in pools generates yield, creating additional revenue streams, similar to how Aave V4 Spokes open up new revenue opportunities

- AWW gives Aave exposure to the full vertical stack. Owning that stack is increasingly critical in a competitive landscape where protocols get commoditized

- AWW also establishes a community-protected vehicle to independently govern Aave's brand assets and IP on behalf of token holders

- Aave Labs commits to working exclusively on Aave-related products, fully locked in

- If you own $AAVE, you own not just the economic rights of the protocol, but the brand, the users, and the integrations

In other words: everything belongs to one asset, the $AAVE token

- We believe tokens are the greatest opportunity of our time to build collectively governed protocols, but a single, unified vision is essential for execution

- That vision is provided by Aave Labs, working alongside all Aave service providers to grow Aave from a $40B protocol to $1T and beyond

Product Layer & Distribution

- Aave App will onboard millions of users with a simple, fintech-like experience while ensuring users retain full control over their funds, backed by $1M account protection per user. A card will also launch later, generating additional fees for the Aave treasury

- Aave Pro will be the premier destination for power users: sophisticated features, simple on-ramping, and the best of DeFi in one place

- Aave Labs has the best designers and design engineers in the space, committed to delivering a high-fidelity experience for every user

- Aave Kit will provide SOC2-compliant, enterprise-grade integration for fintechs and partners

- Horizon will expand with Aave V4 support and more flexible asset onboarding to scale RWAs on Aave

- New Aave V4 Spokes will unlock additional collateral and address the demand side of DeFi liquidity

- Together, these products aim to bring DeFi to everyone and position Aave as the base credit and repo market for the entire $400T+ TradFi asset base

Engineering & Tech

- Aave Labs has the best engineers in DeFi. We built V1 through V3, GHO, and most recently V4, and this is just the surface of what we're building next

- Aave V4 paves the way for next-generation lending, and Aave V3 will remain fully supported and maintained by Aave Labs for years to come

- We are security-first. Smart contract security, application security, and ICT security are non-negotiable, and our recent SOC2 compliance reflects that. Institutions expect it, and we deliver it

- We will invest in agentic AI, opening up new opportunities for developers building with Aave

Marketing

- Aave has historically led crypto in brand, events, content, and partnership marketing. We're doubling down on our brand recognition and the strong foundation we've built

- Going forward, we'll expand into new audiences and channels to bring Aave mainstream, building net-new, stickier userbases among people who are new to DeFi

Growth

- Aave will deepen relationships across the DeFi ecosystem and build new bridges with fintechs, banks and asset managers

- At its best, Aave isn't a bank. It's a financial network that any fintech, bank or an asset managers can plug into, and providing the best integration tools will be key
BD efforts will rely on tight collaboration between service providers such as Token Logic and our partner networks

- We honor our long-term partnerships and commitments, including @chainlink

- We recognize the value Aave represents today and expect partners to approach us with the same respect

Governance

- We support a multi-contributor model for Aave and will continue to embrace it

- We will oppose any vendor lock-ins or service providers that build products for themselves at the expense of token holders

- We require full transparency from the SPs and no tolerance for relationship gating as all value needs to drive to Aave

- Zero value leakage: everything built with Aave's funds must benefit Aave and be owned by Aave

- SPs who align with these principles and commit to what's best for token holders will have our support on budgets, as long as they are reasonable

- The DAO is taking a zero-bureaucracy approach: execution and skin-in-the-game are what matter. We are competing with some of the world's most efficient and well-funded organizations, and there is zero room for friction

- Every SP will have real, measurable goals. Payments for posting governance proposals are over. We've already consolidated SPs to focus resources

- Governance process improvements are coming in the months ahead: more efficiency, less politics

Risk Management

- We will continue to support a multi-layered risk management process encompassing both an economics risk layer and a technical risk assessment layer conducted by Aave Labs

- Aave's risk management will include external risk managers such as Llama Risk and Token Logic for commercial and economic assessment. Aave Labs will also establish a permanent internal risk management function to coordinate and support external risk managers, making the overall system more resilient

Building a Regulatory Moat

- Aave Labs has spent years building a regulatory moat around Aave's products and deepening vertical integration

- Aave is one of the only DeFi ecosystems operating at scale with regulated entities, including Push Virtual Assets Ireland, which is authorised as a CASP under MiCA, alongside a UK EMI-licensed entity

- We are actively pursuing additional licenses globally to enable seamless, 1:1 fiat-to-Aave onboarding for mainstream users, a prerequisite for mass adoption

- We go where the bar is high

Policy

- Aave Labs' policy team is world-class. We've participated in every major policy consultation over the years and will continue to fight for DeFi, protecting it from harmful regulation and ensuring legal certainty for users and integrators

- The next few years will be pivotal for DeFi policy. We are fully committed

Our Principles

- Security-first above all else. This is non-negotiable
Everything we build is truly DeFi, with self-custodial access at its core

- Innovation-driven, we will move the space forward by innovating and building something new

- For DeFi to scale, we need new audiences. That means growing the pie by building better experiences and infrastructure for users to access DeFi

- Friendly by default: anyone should be able to work with Aave if the merits support it

- Build and operate in public. Everything we do will be done openly, with the highest standard of accountability

This is the direction we are committing to, a multi-year journey. The foundation is set. Now it's time to build.

Aave will win.

[𝗗𝗥𝗘𝗔𝗗 𝗕𝗢𝗡𝗚𝗢 @DreadBong0]

A few more points here..

⚫️ Templar founder extracted 37,000 $TAO worth of alpha tokens from his 3 subnets..

So it is only logical those 37k $TAO will be dumped on the market for max extraction

Also the possibility shorting was in place before the announcement was made/alpha was dumped

⚫️ To everyone who invested in any of those 3 subnets

When you invest in a subnet.. even though you are backing a team, you are effectively investing in the subnet slot itself

Subnet 3 will persist.. Templar will not

Which means alpha holders on subnet 3 still have their tokens.. and if a new team comes along with a killer idea and revives the slot (As is being planned, led by @const_reborn) then token holders of SN3 will also see price recovery

⚫️ Sam claims @const_reborn tried to "ruin him" by selling 200t on his own alpha

Const buys and sells alpha tokens all the time.. his subnet was no different but you don't see all the other subnet owners nuking their subnets into the ground

He also helped Sam build Templar and donated startup funds..

"Const did everything for Sam. He built the first versions of both grail and Templar for him and then gave him those subnets. He found developers for him to work on the subnets. He donated him $Tao and gave him startup funds and the owner key for free to Templar. He supported him the whole way. I remember Const gave Sam a 2000 Tao bonus for Christmas one year. Then the one time Sam doesn’t like something that happens (Const sell like 5% of his tokens) he crashes out, rugs all his investors, spreads fake news across socials, acts incredibly immature by leaving all groups, and you say this is Const’s fault??? What an insane interpretation of events. This is nobody’s fault except Sam."

⚫️ Templar news and achievements had reached the very top of the AI industry.. large influential figures were praising the subnets success

For this to happen now.. it will for sure have some deep knock on effects that will take some time to recover

⚫️ Changes will be made on #Bittensor to mitigate this happening in the future..

"The outcome of this eventful evening is that #Bittensor will invent lock-based subnet ownership -- specifically: ownership of a subnet determined by a team's long term economic commitment to the project." @const_reborn

⚫️ Lastly.. #Bittensor is a large, permissionless network that is growing fast every single day

There's always going to be bumps in the road along the way.. but its how the network and its participants respond in such tough times

Things will recover and this will barely register on the overall journey of #bittensor

$TAO

[13R0J12 🌎 @13R0J12]

@NOMADZxyz @cherrydotfun @perena 654.skr

[Kraken @krakenfx]

Can I withdraw my money?

Banks:

[PiggyBank @piggybank_fi]

Drift Exploit Update

- PiggyBank had a $106k exposure to Drift, out of the 3.95M USDC deployed in our delta-neutral trading strategy. This served as margin for a 750 SOL Long position on Drift, against a 750 SOL Short position on Lighter, reduced to 273 SOL before the exchange was paused.

- The worst case scenario drawdowns would have been: 2.67% on USDC vault, 1.60% on SPYx, 1.52% on pbJITOSOL. This is exactly the kind of counterparty risk priced in the high APY that such strategies provide.

- Nevertheless, the team is so confident in PiggyBank's vision — extra yield on xStocks — that it has unanimously decided to personally reinject $106k to cover for users' losses, even though Drift had passed our deployment risk analysis.

- Today’s NAV will be rolled as usual within 2 hours, with 0% APY for the epoch.

https://t.co/vFOQx2V7kz

[13R0J12 🌎 @13R0J12]

@piggybank_fi @vibhu Fair performance – that's what problem-solving should look like when you offer a product 🫶🏾

[Solana @solana]

BREAKING: $SUI from @SuiNetwork is now live on Solana via @Sunrise_DeFi

[Aave @aave]

Aave Pro is an all-new interface for Aave V4.

Earn, borrow, swap, monitor your positions, and more.

[13R0J12 🌎 @13R0J12]

@stakedotlink

[Adeniyi.sui @EmanAbio]

To celebrate @WalrusProtocol one year anniversary, boosted $WAL rewards are available via @SlushWallet. Up-to 72% APY!

[13R0J12 🌎 @13R0J12]

https://t.co/Bd80px63MV

[13R0J12 🌎 @13R0J12]

@BRICSinfo Germany is sure to buy toilet paper to hoard

[13R0J12 🌎 @13R0J12]

@hispanicnomad enjoy ma friend

[13R0J12 🌎 @13R0J12]

@cherrydotfun 654.skr