//Fronius7

[//Fronius7 @Fronius7]

@LiquityProtocol So what is the yield? Is it 4.07% from the yearn image or is it 18.23% from the comparison table? They can’t both be true, so which is it?

[//Fronius7 @Fronius7]

@gizatechxyz @theatresoff I wish we’d get communication from @gizatechxyz about what’s going on.

There’s no way to contact them and I’m not willing to verify on discord by pasting into my cmd prompt. Thankfully I got my funds back, but won’t trust them anymore

[//Fronius7 @Fronius7]

@CurveFinance @MajesticSuccess Are there any safe bridges that still work to get off fantom?

[//Fronius7 @Fronius7]

Is @gizatechxyz app dead?

After connecting my wallet, it shows continue but clicking does nothing. Tried different browsers/wallets and same problem each time

[//Fronius7 @Fronius7]

@Tradermayne I was feeling bad for you that you spent so much money to witness such an awful game, but then it turned out to be one of the greatest ever

[//Fronius7 @Fronius7]

@balrogunleashed Queue the opening scene from Idiocracy

[Small Cap Scientist 👨‍🔬🧪🥼 @SmallCapScience]

The current @yieldbasis proposal is very dangerous for @CurveFinance, I'll be voting "No".

This vote is extremely extractive from CurveDAO and the implications of this vote concern me for the future of the protocol.

My Concerns:
1. Economic Risk -
No third parties evaluated the economic risks of the protocol, only the Yield Basis team.

This credit line should be capped on a percentage basis of $crvUSD TVL. Individual wrapped assets ($wBTC, $cbBTC, $tBTC) and their pools also need caps to prevent systematic risk to $crvUSD.

There are no guardrails at all currently as the proposal was written by Yield Basis.

2. Hack Recovery Plan -
The way this is structured, a Yield Basis Hack is the responsibility of @CurveFinance.

$crvUSD TVL is $250M. If any $crvUSD in the LPs are drained, the balance sheet hole will be too large to fill. The whole $CRV ecosystem would likely go to zero while Yield Basis takes on no liability.

$YB would be free to launch on top of another stablecoin ecosystem the next day leaving CurveDAO with all the $crvUSD debt.

3. Transparency - The Yield Basis seed round participants and their allocations have not been disclosed to CurveDAO.

Devs/Founders from within the ecosystem did not disclose their seed stake in $YB and will be voting with delegated votes.

4. Clear Incentives and Compensation -
$YB hasn't released full details of their tokenomics or incentive systems.

Yield Basis also plans to pay for Curve licensing through bribes. This is a cost to CurveDAO as emissions are paid. They shouldn't be paying emissions on another protocol using their technology.

Conclusion -
This proposal at scale gives $crvUSD a single point of failure that is entirely controlled by a third party protocol (YB).

There are massive conflicts of interest all over this that need addressed. There is also absolutely no excuse for the lack of transparency when requesting a $60M+ credit line.

CurveDAO needs to protect themselves here first, and Yield Basis should come second.

These requests aren't extremely time consuming and should benefit both parties to discuss.

My concerns were posted 10+ days ago to the discussion page, I haven't received any response.

It's worth noting, I will gladly vote in favor of a @yieldbasis credit line if the glaring risks and transparency issues are addressed.

(Discussion Page - https://t.co/xxSmGiDyho )

[//Fronius7 @Fronius7]

@Cryptoyieldinfo Yes, ampl opportunities out there

[Theo Von @TheoVon]

Yeah what changed?

[//Fronius7 @Fronius7]

@Nomaticcap Why do it if the APR is 0% ?

[//Fronius7 @Fronius7]

@AgentChud Thanks for the reply, and even moreso thanks for recommending to use dydx in case of airdrop back in the day.

I used it on several wallets and it helped change my life (took a year off to travel, and then decided to get a remote job when I returned)

[//Fronius7 @Fronius7]

@AgentChud Bought and staked some. Can someone point me to a guide on what I need to do to maximize bribe earning?

[//Fronius7 @Fronius7]

@rami_hashimi @1TrillionUSDoge Done

[//Fronius7 @Fronius7]

Fuck you @BitGo , fuck you FTX, fuck you FTX lawyers, fuck sbf. Just give me my fucking money back already!

[//Fronius7 @Fronius7]

@AIWayfinder This deadline is unreasonably short. Why not give at least 3 months?

[//Fronius7 @Fronius7]

@AIWayfinder Dammit, can’t you give us more time. Some people don’t carry their hardware wallets while traveling and this is a short deadline

[//Fronius7 @Fronius7]

@DarkwebShaman @notsofast Is there a working bridge to get any leftovers off of Fantom these days?

[swingularity @Swingularities]

PSA: Beware of new Captcha Phishing scams.

Small but Important Thread ... promised!

👇