Ammalgam (δ, γ)

Trade your impermanent loss for permanent gain. Lend, trade or leverage any asset without oracles. Launching soon.

Discord:

[Ammalgam (δ, γ) @ammalgam]

Vaults are LIVE!

Deposit $USDC and $WETH into Ammalgam vaults, powered by @lagoon_finance.

Maximum yield. Minimum effort.

Deposit now: https://t.co/IHMjk2huoZ

[Ammalgam (δ, γ) @ammalgam]

https://t.co/00TlhvzwXt

[duelingGalois (δ, γ) @duelinggalois]

Web2 is unsafe too. Nobody stopped banking or shopping online.

We accepted that the human layer would always be the easiest thing to attack and started building systems around that reality.

I think DeFi is reaching the same point.

We're focusing too much on smart contract exploits alone. Meanwhile, attackers are targeting laptops, private keys, credentials, dependencies, and development pipelines.

You can audit code for a year and still lose funds because a developer dumped some of the code into Claude to ship faster, or an employee signed into a company account from a public WiFi network while traveling.

I don't think DeFi is doomed, because the threat model has changed.

But we do need to rethink security. The protocols that survive will be the ones built around a simple assumption:

Compromise is inevitable. Resilience is a design choice.

https://t.co/r2UWEvPDZR

[Ammalgam (δ, γ) @ammalgam]

https://t.co/n2k5gq3o0L

[Ammalgam (δ, γ) @ammalgam]

With mainnet just around the corner, there's no better time to get into Ammalgam's Vaults.

Access complex yield strategies for $ETH and $USDC in one simple deposit.

Maximum Yield. Minimum Effort.

Get started: https://t.co/IHMjk2huoZ

[Ammalgam (δ, γ) @ammalgam]

https://t.co/wjeekoE4o0

[Ammalgam (δ, γ) @ammalgam]

Try it now: https://t.co/gkLWLa63bl

[Ammalgam (δ, γ) @ammalgam]

New updates are live on Ammalgam's Beta dApp.

Core contracts upgraded to v0.10.0, plus Pool and DLEX UX improvements.

Pool
🔹 Redesigned dashboard with a card-based pool list
🔹 Deposit CTA added to pool detail pages
🔹 Pool dialogs now show APR, projected earnings, and LTVs for deposits and borrows

DLEX
🔹 Recipe selector upgraded from dropdown to dialog
🔹 Wallet amounts are now visible below the asset slider

[Ammalgam (δ, γ) @ammalgam]

Everything happening at Ammalgam, in one place.

Join our newsletter for:
🔹 Protocol updates and milestone highlights
🔹 Deep dives on LP strategies
🔹 DeFi news and market updates

https://t.co/KkBDOznLBF

[Ammalgam (δ, γ) @ammalgam]

https://t.co/NdtrxxjCm4

[duelingGalois (δ, γ) @duelinggalois]

5x more risk for 3x the reward. That's what Uni UI forecasts for their v3 ETH-USDC vault.

V2 ETH-USDC is at 2.5%. Less than HODL'n and lending the underlying on Morpho, Euler, or Spark. Zero premium for IL risk. V3 is WORSE!

A 🧵 of the problem and how @Ammalgam fixes it

[Ammalgam (δ, γ) @ammalgam]

Read more: https://t.co/LS4Lv19gCa

[Ammalgam (δ, γ) @ammalgam]

Traditional DeFi keeps trading and lending in separate pools.

Ammalgam's Dual-Purpose Pools change that. Every deposit earns both swap fees from trades and lending interest from borrowers - all from one pool.

Up to 60% more yield. Same capital, one pool.

[Ammalgam (δ, γ) @ammalgam]

https://t.co/HKp1YljvjT

[Ammalgam (δ, γ) @ammalgam]

We had $1.53M in locked exposure and reduced it to $35.67k within 32 hours of the incident.

The KelpDAO exploit was a systemic event that locked an entire market and Ammalgam took a hit in the process. But it's the response that matters.

[Ammalgam (δ, γ) @ammalgam]

On April 18, an attacker minted $195M in unbacked rsETH and borrowed it straight out of @aave.

The exploit lived upstream in @KelpDAO's bridge infrastructure - not in Aave's code. But locked markets don't care where the fault lives.

We had $1.53M in exposure inside that locked market. Here's how we got it down to $35k in 32 hours 👇

[Ammalgam (δ, γ) @ammalgam]

The APR will take some time to return to normal as it still reflects the ~2% cost of exiting through Fluid's Redemption Protocol.

The negative figure reflects the cost of exiting a locked market under emergency conditions, not a change in how the vaults operate.

Shoutout to @utila_io as their policy framework is exactly what kept things structured under pressure. We're tightening the configurations so every signer can act faster next time.