DeFi Drew

Playing short term games while playing long term games

[DeFi Drew @DefiDrew]

Iykyk

[Dani Vilardell @danivilardell77]

πCreds is out!! Come see how to prove things about yourself to third parties — your health status, financial reliability, or that you're actually good at your job — without giving up your data 👇

[DeFi Drew @DefiDrew]

The first real use case of prediction markets discovered

[GURGAVIN @gurgavin]

BUSINESSES ARE NOW USING PREDICTION MARKETS TO HEDGE PROMOTIONS LOL

A BAR IN NYC HAD A PROMO IF THE KNICKS WIN, THEY COVER EVERYONE’S DRINKS FOR THE NIGHT

THE BAR PLACED A $5K HEDGE ON KALSHI THAT PAYS OUT IF THE KNICKS WIN

THE BAR WINS EITHER WAY

[DeFi Drew @DefiDrew]

@dblumenfeld Congratulations!

[Fishy Catfish @CatfishFishy]

I imagine it gets harder to win deals when you have to check the "Yes" box on this.

[katexbt.hl @katexbt]

layer zero is getting absolutely demolished this month

everyone canceling them

it really is a winner takes all industry

why would you bet lighter when hyperliquid exists

why would you buy bitcoin cash when bitcoin exists

why would you use LZ when CCIP exists?

[DeFi Drew @DefiDrew]

Dj Khaled meme

[Kraken @krakenfx]

Kraken is deprecating its existing cross-chain provider and migrating to @Chainlink CCIP as its exclusive cross-chain infra to secure Kraken Wrapped Bitcoin (kBTC) & all future Kraken Wrapped Assets.

Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure with strict security & risk management requirements, including:

• ISO 27001 and SOC 2 Type 2 certifications
• Secure by default architecture
• 16 independent nodes
• Native rate limits, and more.

Together, Chainlink and Kraken can help accelerate the global adoption of crypto by unlocking utility and distribution for all Kraken Wrapped Assets across DeFi.

For kBTC customers, no action is required. More details on the migration process to follow on official Kraken channels.

[DeFi Drew @DefiDrew]

LETS GOOOOOOO

Bipartisan is HUGE

[Eleanor Terrett @EleanorTerrett]

🚨JUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks.

Next stop: the full Senate.

[DeFi Drew @DefiDrew]

Bullish

[LinkBoi @LinkBoi777]

$LINK TOKENOMICS ALPHA: @chainlinklabs is hiring a product manager node economics

The job description:
Build the compensation and incentive systems that directly influence how Node Operators perform across a network securing the majority of DeFi and powering every Chainlink product

One of the requirements:
Comfortable working closely with data scientists, economists, or quantitative teams to translate models into product or operational decisions

Looks like $LINK economics will become a reality soon

Staking V1

[CCIP Tracker @CCIPTracker]

Real-time CCIP tracking is now live 🚀

🔗https://t.co/fOzEK4Zybz

[DeFi Drew @DefiDrew]

Sounds legit

[Chainlink @chainlink]

LIVE: @StateStreetIM, a global asset manager with $5+ trillion AUM, and @galaxyhq have launched SWEEP, a tokenized liquidity fund powered by Chainlink.

Through NAV data and CCIP, Chainlink is enabling regulated yield-bearing liquidity in 24/7 digital markets.

[Kelp @KelpDAO]

After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP.

From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi. Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin.

There are questions that the ecosystem deserves answers to. And we are ensuring rsETH is secured by infrastructure that doesn't leave these questions open.
That’s why we’re setting the record straight.

[DeFi Drew @DefiDrew]

It’s OVER for L2s

Don’t let this kill L1 defi, that’s all Eth has going for it

[⟠ @ryanberckmans]

imo L2 Aave ETH lenders taking a concentrated loss would be among the ugliest, nastiest outcomes in our history. you're talking about kneecapping the life savings of our brothers in eth whose only crime was not being rich enough to use L1 Aave

[DeFi Drew @DefiDrew]

My vote is for option 2

Just end L2s, this is the death knell

This speeds up the process that’s already underway

Also, no more bridged assets that don’t use CCIP

[Aave @aave]

Update on rsETH incident:

@LlamaRisk has published a report outlining the rsETH incident, the immediate actions taken, its impact on Aave, and potential paths forward.

All service providers have been working to assess the two potential bad debt scenarios on the Aave protocol.

Aave DAO service providers are also leading an effort with ecosystem participants to address any bad debt. This effort already has several indicative commitments from various parties and we are grateful for the strong support we have received so far.

We will share further updates as we have them.

In the meantime, the full report can be read here: https://t.co/jy3BHZCa7b

[DeFi Drew @DefiDrew]

SAVAGE

[Doug Colkitt @0xdoug]

Can’t help but reflect on how much of this mess is a downstream consequence of the rollup centric roadmap and misconceptions promulgated in the interest of “alignment”.

For years users were told:

- “L2s are just Ethereum”. Except when shit hits the fan we learn L2 assets are very much junior to mainnet
- “Rollups share a security zone”. Only if you use the canonical bridge… which nobody does because the roadmap was launched when the tech was unusable 7 day bridges.
- “Every app needs their own chain”. An explosion of marginal chains exposing a huge surface area of often barely maintained infra. The hack started on a chain with just 47 rsETH. Why does that chain exist?
- “Ethereum is the world’s most economically secure asset”. Now we have a million restaking wrappers each with their own vulnerability surface, many treated as secure as ETH. All to support barely any demand

[Joe @0x_Osprey]

Don't be surprised when a LayerZero multisig
exploit ends up funding some more DPRK tests 🫡

612 days ago

[DeFi Drew @DefiDrew]

What’s the $WBTC layer zero setuo? 2 of 2?

$cbBTC is safer right?

[run ⬡ the ⬡ juels @nullpackets]

Imagine a critical infrastructure project not burdened by investments from grifting VC's and shady exchange operators.

$LINK #CCIP

[Milk Road @MilkRoad]

Banks are burning $58B a year because they're still processing data like it's 1985.

(And Chainlink just published an article showing how to fix it.)

Here's the idea in a nutshell:

Every time a public company does a stock split, merger, or dividend payout - that's a "corporate action."

There are 3.7M of these events per year in the U.S. alone.

And 46% of the data is STILL processed manually.

(Think: Analysts reading PDFs and copy-pasting into spreadsheets - in 2026!)

Each event touches 110,000+ firm interactions and costs $34M to process.

Total damage: $58B per year in costs, errors, and delays.

So Chainlink teamed up with 24 of the world's biggest financial institutions (Swift, Euroclear, UBS) to try something different.

Instead of forcing thousands of companies to change how they send data (tried for decades, never worked)...

They changed how the data gets received.

Step 1: AI reads the messy PDFs and pulls out the key info.

Step 2: Chainlink oracles take that data from multiple AIs, verify it, and agree on one trusted answer.

Step 3: That answer gets published onchain as a "Golden Record" - one source of truth that can't be tampered with.

The kicker?

They hit 100% consensus across all tested corporate actions - with ZERO hallucination problems.

The TL;DR of all of the whole concept:

TradFi connects to onchain infrastructure → AI collects the data → Oracles verify it → Blockchains secure it.

And DTCC, Euroclear, Swift, and BNP Paribas are already plugging in.

[Jonas Čeika @Jonas_Ceika]

I sent ChatGPT an audio file of a series of FART sound effects and asked what it thinks of "my music" and this is what it said

[Zach Rynes | CLG @ChainLinkGod]

Europe's largest asset manager Amundi (€2.3T AUM) and Spiko launched a tokenized mutual fund powered by Chainlink

In just three weeks, its grown to $400M in AUM, making it the fastest-growing tokenized fund in the world

The Spiko Amundi Overnight Swap Fund (SAFO) uses Chainlink for automated NAV reporting and secure cross-chain interoperability

Live in production on Ethereum and Stellar

Chainlink is how the world’s largest asset managers are unlocking the issuance and distribution of tokenized funds globally