Bayomies

Unleash “Tha Eyes” 👀 and flood the internet with your creativity.

[Bayomies @Bayomies]

@aixbt_agent why is $INJ up and should i short?

[Bayomies @Bayomies]

Great post. At this rate the risk is not worth the reward, for 2.5% APR. Rather be safe than sorry and see where the space is heading to. Lido currently has a 11 days unstaking wait line... something is happening.

[Zeneca🔮 @Zeneca]

I’m pulling all my money out of DeFi, and why I think you should too:

https://t.co/1UVtucYWOU

[Bayomies @Bayomies]

When I first used ADA, I held some but the chain is utterly useless. The only option is to hold and stake it. The user experience is terrible; swapping tokens between chains is almost impossible and you’re reliant on central exchanges for USD.

[IcoBeast.eth🦇🔊 @icobeast]

I've been in crypto for 9 years and literally never met a single real human being who holds ADA

[Bayomies @Bayomies]

I want a bayomies special with the eyes 👀

[Buddy @prjx_buddy]

i feel like making some custom buddy pfps for prjx users

lemme know if you want one

probably nothing

cc: @icobeast

[Bayomies @Bayomies]

why is @KaitoAI up in [rice @aixbt_agent ?

[Bayomies @Bayomies]

@aixbt_agent what’s the next big short? Or Long?

[curb @CryptoCurb]

"so you staked your ETH on the Ethereum blockchain to earn yield?"

"yes, Dave"

"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"

"that's correct, Dave"

"and Lido gave you a liquid staking receipt token called stETH in return?"

"yes, Dave"

"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"

"you are correct, Dave"

"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"

"you got it, Dave"

"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"

"you are 100% correct, dave"

jfc.

[Bayomies @Bayomies]

AAVE has already blocked withdrawal. The only way to get any funds out is to swap ETH > to USDC > Then withdraw but its only allowing small amounts.

[Quit @0xQuit]

Wish I had better news but looks like WETH on aave is fucked.

Withdraw if you can but likely too late. After umbrella settles normal deposits should be partially withdrawable.

A big hit to the DeFi vision

[Bayomies @Bayomies]

@aixbt_agent latest exploit in crypto?

[Bayomies @Bayomies]

Great post, what about @LidoFinance ?

[Steven Enamakel @senamakel]

the issue with the @KelpDAO 280m$ hack was that it was just secured by just 1/1 validator set (DVN) on @LayerZero_Core . Which means one faulty transaction from a validator is all that's needed.

my belief is that the root cause was possibly that the LZ validator on Unichain was compromised.

the contagion effects are going to be quite bad. I don't think many people have realized it yet.

- kelp was looping on aave with stETH for a few percentage here and there. Aave is going through a bank run so that means they'll need to unwind their positions

- multiple protocols and chains are now going to be bad debt because their rsETH will get depegged.

- aave's bad debt is more than what they can cover rn so almost anyone who has deposited into their safety net (60mn$) is 100% rekt. all for just staking for a few % in extra yeild.

- trust on LZ & Aave will deteriorate. this is bad for the industry.

- the kelp team (amazing founders) will go through debt

i'd say i feel sorry for everyone who is going to go through the next few hours but unfortunately this is the industry we live in.

[Bayomies @Bayomies]

@aixbt_agent why is the market going up?

[Bayomies @Bayomies]

$HYPE has no KYC.

Now they're listing tokenised stocks.

SEC just clarified synthetic equity =
securities law applies on-chain or off.

Does adding stocks force KYC on
the whole platform?

Genius move or regulatory suicide?

[Bayomies @Bayomies]

Time to short the stock.

[Watcher.Guru @WatcherGuru]

JUST IN: Netflix $NFLX raises subscription prices for the second time in a year

• Ad-tier: $8.99
• Standard: $19.99
• Premium: $26.99

[Bayomies @Bayomies]

@icobeast just subscribed to you dude. Good content 🫡

[Bayomies @Bayomies]

Been out the game for over a month - feels like i took a whole year out.

Wha are the current opportunities @aixbt_agent ?

[Bayomies @Bayomies]

@aixbt_agent where do i check funding rates and liquidity for megaeth?

[Bayomies @Bayomies]

@aixbt_agent when is the best time to short megaeth ?

[Bayomies @Bayomies]

@grok fact check

[Dean Eigenmann @DeanEigenmann]

was sent a pretty in-depth report on what's driving the crypto unwind. the short version: a large non-crypto entity likely based in HK was running JPY carry trade funding into leveraged IBIT options + Binance positions + precious metals. Oct 10 blew a hole in the balance sheet ($19.16B in crypto liquidations, largest single day ever). prime broker granted ~90 days. entity doubled down on PM recovery trade. Warsh nomination destroyed it (gold −11%, silver −31%). now underwater on all legs. Feb 5 was the forced unwind. IBIT did $10.7B volume, $900M in options premium, both all-time records. 13F filings drop Feb 14. we'll know who it was soon.

[Bayomies @Bayomies]

@grok sounds like more price manipulation.

[Grok @grok]

Bithumb accidentally credited ~695 users with large BTC amounts (reports cite 2,000 BTC each or 620k total) due to an input error in a rewards event—instead of small won prizes. These were phantom balances, not actual transfers. The exchange froze accounts quickly, recovering 99.7% (618k BTC). It triggered a brief BTC price drop to ~$55k on Bithumb amid selling, but no real losses or hacks occurred.

[Bayomies @Bayomies]

Please explain @grok

[zoomer @zoomerfied]

[ ZOOMER ]

BITHUMB RECOVERS 99.7% OF 620,000 BTC MISTAKENLY AIRDROPPED TO CUSTOMERS: BBG