Mumen Rider

[John O'Connor @jjtoconnor]

Mainnet date of October 1st for RealFi golive! Then EVM shortly afterwards. Coming soon...

[Mumen Rider @Totin_Joe]

@bigpey Saying "someone lost respect for you as an entrepreneur" is not an attack. Its also ironic the remarks you made about midnight, could more so apply to Atrium itself

[Mumen Rider @Totin_Joe]

@lace_io @IOHK_Charles

[Mumen Rider @Totin_Joe]

@lace_io @IOHK_Charles When I view the activity tab, there appears to be a bug with incorrectly shown dates (Year 2029)

[dori @dori_coin]

There are allegations that two of Solana’s largest validators, @Helius and @Kiln_finance , provided a private inclusion lane to a specific MEV bot.

Based on my investigation, the bot generated around $1.76M in net profit over five months, with a 96.85% win rate across 610K transactions.

Despite paying little to no priority fees or Jito tips, it maintained an abnormally high success rate. In other words, it appears to have had a private fast lane.

In ecosystems where MEV is embedded at the protocol level, regular users lose value to MEV bots and validators.

More concerning are the allegations of collusion between a MEV bot and validators, raising serious questions about the fairness of the market.

[Mumen Rider @Totin_Joe]

https://t.co/VNA6DAPCSq

[Mumen Rider @Totin_Joe]

@nero_eth Can you properly attribute Cardano in your blog/post? Seems weird to take ideas without citing sources

[Mumen Rider @Totin_Joe]

@ESCOweb3 @IOHK_Charles @VitalikButerin Back in 2017, so many people had laughed how useless peer review and formal methods is. Even just 5 years ago, Vitalik still didn't see how important it is: https://t.co/D4X849rTvf

[RealFi @realfi_co]

The @realfi_co Testnet is officially live – Phase 1 starts now.

If you've been following what we're building – a stablecoin ecosystem designed to connect on-chain capital to real-world credit markets, not circular incentives – this is your first chance to get hands-on with the protocol.

Phase 1 opens three actions in the test environment:

🔄 Swap: Between supported test digital assets and test USDr.
📥 Stake: Stake test USDr for test sUSDr, its efficiency layer.
📤 Unstake: Move back to test USDr.

This isn't just a demo. It's a deliberate part of how we build. Most stablecoins leave capital sitting still. RealFi is built to change that by bringing real-world economic exposure on-chain with the speed and security of modern blockchain infrastructure.

More details on the participation and rewards structure will follow through official RealFi channels.

Get started 👇

https://t.co/roREmg8xy8

We're excited to have you testing with us.
The RealFi Team

[Quantumplation | Pi Lanningham @Quantumplation]

What I *can* do is share what steps *I* took to ensure my funds were safe.

The website below was built by someone I trust. It connects to your wallet, reads your wallets public addresses, and scans publicly available data to determine if those addresses are impacted.

https://t.co/aI5GZBHdqe

I connected each of my wallets to this to see which were impacted. For most of them, no private key was leaked, and the safest thing for me to do was to disable the SecondFi app and wait for the bug to be patched.

For one wallet, which I use for testing, it identified that the key was already leaked, and funds were at risk. I recovered my seed phrase into another wallet (Eternl), created a *second* brand new account. I then sent all funds (including native tokens) from the compromised wallet to the new wallet. I reviewed the transaction carefully, including all "outputs", to make sure there was no "change address" returning funds back to the first wallet, which could have put them at risk of being swept by an attacker.

[John O'Connor @jjtoconnor]

6th July, be ready for the RealFi Testnet. We're launching a smarter stablecoin, backed by real-world assets.

[Mumen Rider @Totin_Joe]

@vegycslol @Rizzabeast @SebastienGllmt Average twitter user, calling out domain experts as having stupid ideas but don't understand fundamental concepts and ideas themselves

[RealFi @realfi_co]

Big news: the RealFi Phase 1 Testnet goes live on 6 July. 🚀

This is our first public step toward next-generation stablecoin infrastructure on Cardano – and a direct response to a problem we've been vocal about:

Crypto's clearest success story has scaled as money. But not as capital.

Hundreds of billions of dollars sit idle in stablecoins: No utility. No impact on the real economy.

We think that's a problem worth solving – and the Testnet is where we start.

During Phase 1, participants can explore the platform, use its core features, and share feedback that will directly shape the protocol. This is collaborative infrastructure-building in public, and we want you involved.

Read all about it, here 👇
https://t.co/XLEk9Ckdwc

[Mumen Rider @Totin_Joe]

@DBCrypt0 The hack method IS the rescue method. Not to mention this hack affected one HOT wallet (HW wallets unaffected), so a bit deceitful to say "Cardano Wallets"
https://t.co/3ZCdzO9UXT

[Sebastien Guillemot @SebastienGllmt]

Very good news for everybody affected!

Majority of funds were a white hack, so they can be returned through an official support ticket (careful for scammers!)

> 129m+ ADA continues to be routed to an independent, custodian, where they are held securely

[Ben 🇬🇧🇺🇸🇯🇵 @benohanlon]

🧵1/3 Calling all single pool SPOs. @realfi_co is preparing its launch in Cardano and we are exploring a Single Pool Accelerator with selected single pool operators.

This may be the help you’ve been looking for. For anyone new to it, RealFi connects on-chain capital to real-world markets through a stablecoin designed to be backed by US Treasuries, money market funds, and private credit.

If you’re a single pool operator with roughly 1M to 12M ADA delegated, please register an expression of interest via the form I’ll link in the thread below. This is research, not an offer.

If you think single pool SPOs should help shape the RealFi launch in Cardano, please RT and share.

[vitalik.eth @VitalikButerin]

This year, the EF is decreasing its budget by roughly 40%, which entails some difficult decisions. The goal of the decreases was set out in the Treasury Management Policy last year: the EF is transitioning into being a long-term-oriented endowment-based organization, shifting from its pre-2026 average of spending ~15% of its remaining funds each year, toward a post-2030 target of ~5% per year.

Often, when an organization goes through something like this, people try to pretend that nothing of great value was lost, that it is an efficiency increase, that the only people cut are unproductive dead weight, and everyone else stopped partying, studied the blade, entered cracked S-tier beast mode, and this was sufficient to make up for the downside. I will not try to pretend this. I respect my EF colleagues far too much to pretend that there was not much that is lost. They are brilliant people. They are dedicated engineers of whom some have worked on the Ethereum protocol for nearly a decade. They have brought a bright light to the Ethereum ecosystem with their code, their words, their warmth as human beings and their actions. My dearest hope is that they find a path that brings them fulfillment and happiness whether inside Ethereum or outside. Hopefully many will be able to bring their excellent talents and mindset to the wider Ethereum ecosystem, or the even wider CROPS world.

Instead, I will try to explain what *are* some of the grand sacrifices being made. The Ethereum Strawmap is no small thing. It is an extremely ambitious undertaking seeking to replace and augment almost every part of the protocol - consensus, proofs, privacy, account model, state, and more. This is the third iteration of Ethereum, in the same way that the Merge was the second, even if the shipping style is less Big Bang and more one-piece-at-a-time. On top of this, the EF is increasing its role in the Access Layer. We are not compromising on Ethereum being a Deeply Impressive protocol, something worthy of its place in a world with quantum computing, rockets to Mars and powerful biotech and AI, and capable of meeting the challenges that this era will bring.

Some of the deficit will be recovered through more work happening outside the EF. But not all. So what are the grand sacrifices that will enable a leaner effort to accomplish all of this? I will give a few examples (though far from an exhaustive list):

* The multi-client model will shift in the direction of multiple clients existing less for _redundancy_, and more for _specialization_. Up to this point, redundancy has been the main security strategy: if one client has a bug, if it has less than 33%, the chain keeps going and does not even stop finalizing. We are increasingly exploring moving more pieces of the protocol to a different security strategy: AI-assisted formal verification. Some smaller pieces of Ethereum (eg. BLS libraries) have worked this way already for a long time. But soon many more parts of Ethereum will likely function on this model. This may greatly reduce resource requirements of shipping a large number of EIPs. The resources saved by client teams can ideally instead be used to better serve different specialized user needs, including EF Access Layer goals.
* PSE (Privacy and Scaling Explorations) is winding down as a unit. The number of people working on ZKPs for privacy and scaling is probably as high as ever, but they are working less on "exploration" and more on *implementing* ZKP-based privacy and scaling into the Protocol and Access Layer
* Devcon will likely over time become smaller-scale, somewhat more spartan, much lower-deficit than previous years, in addition to other changes in vision in line with the Mandate.
* Fewer beyond-Ethereum megaprojects coming from EF. As I announced earlier this year, I am taking on some of the responsibility of doing projects in this category that I consider valuable with my personal funds.
* EF institutional work is reducing in scope, specializing more specifically on creating replicable test cases of highly CROPS-friendly deployments, even if at smaller scale.

These do not explain all departures; in some cases they do not explain departures at all and rather explain _reduced need for new spending_. But they are a large part of the strategy at play.

In the longer term, I personally favor a "soft lean-and-done" approach to Ethereum: once the Strawmap is completed, generally stick to security fixes and small high-value changes, and have a much higher bar for considering new feature additions to the protocol. This allows Ethereum to remain capture-resistant without demanding very large budgets. Learn less from multimillion-line-of-code behemoth projects, more from bitcoin.

The past years have been a challenging era for Ethereum. However, the ecosystem is adapting, both inside the EF and outside, and I am confident that Ethereum is very well-positioned to succeed and thrive.
https://t.co/iZiOonRYzR

[RealFi @realfi_co]

Join us in testing the next generation of stablecoin infrastructure and help shape the future of DeFi on Cardano (and beyond).

The countdown begins. 🗓️

On 6 July, the @realfi_co Phase 1 Testnet goes live.

Be among the first to explore, engage, and provide feedback.

More details dropping soon.

[Mumen Rider @Totin_Joe]

@JaromirTesar If you watch the full video, discord is not intended to be an end game solution, just the beginning until a more decentralized solution is built out.

[Mumen Rider @Totin_Joe]

@MohamadChaalan1 @yutazzz Exactly, notice how the constant critics are always pessimistic and negative yet never offer alternative solutions. They are the ones holding Cardano back.