I’ve exited all DeFi positions for the foreseeable future.
Zcash has some of the most talented developers in crypto, and they still missed a critical vulnerability that sat unnoticed for nearly four years until it was recently discovered with the help of Claude.
If a team of that caliber can miss something that significant for that long, it’s hard for me to believe other protocols aren’t sitting on similar undiscovered issues. The incentives for attackers are simply too large.
Are y'all following the STRC shit?
The single largest holder of STRC shares is a stablecoin protocol. They have $300m in shares and loop it for the stable. This propped up STRC for a while even when MSTR was at a discount. Now STRC is below 100 and saylor has been forced to sell BTC to cover the divident payment. If STRC keeps going down, the stablecoin protocol could get liquidated and forced to sell the STRC. This would be devastating to Saylor's ability to finance anything and not sell BTC
The game seems ogre
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$900m cash - $1.7B annual dividend obligations
he clearly can't sell BTC, only options left are to sell MSTR stock or shut off the dividend
time-bomb probably has 3 months left