$1.4B from Bybit. $50M from Radiant.
Same root cause: signers approved transactions they could not actually read.
This is what "blind signing" means, and why ERC-7730 is one of the most important standards Ethereum has shipped in years.
This is the layer thatโs missing from DeFi lending and credit.
DeFi lending and credit will never truly disrupt traditional private credit if it keeps working the same way it does rn.
Kebetulan kami di @CentuariLabs lagi fundraise untuk pre seed dan lagi nyari angels pak. Kami bangun fixed rate lending market, bisa dibilang yang paling efisien di dunia saat ini.
Kami juga berpartner dengan salah satu company Top 10 ETF issuers di US, Ondo, dan berbagai big company US lain nya. Juga berbagai interest dri dari institution seperti Bitwise. Btw kami bangun ini semua bener2 dari zero money pak, berawal dari @devweb3jogja dibimbing Mas @yanzero_, memenangkan beberapa hackathon international, hingga serius sampai sekarang.
Jadi karna sekarang kami sedang raise pre-seed, tertarik untuk ngajak Pak Will jadi angels di Centuari.
Pak Will open to explore ga pak?
@lzminsky agreed. and honestly, DeFi credit origination needs to be just as rigorous as traditional private credit. same due diligence, same borrower vetting, same post disbursement monitoring.
one of the biggest gaps in DeFi right now is credit origination. protocols should have their own credit origination instead of relying on third parties.
if you depend on third party origination, itโs really hard to scale beyond the crypto bubble.
Maple, USDai, Goldfinch, etc are good examples. but even with credit origination, without the right architecture for TradFi players, itโs still hard to scale.
superior architecture + internal credit origination = trillion dollar market
Syndicate Labs experienced a security incident. A private key compromise enabled malicious upgrades to bridge contracts on two chains, moving ~18.5M SYND and ~$50,000 of tokens from customer chains.
All impacted parties are being made whole. Details below โ
we've built this in fixed-rate at @CentuariLabs. borrowers in the warning zone (HF 1.0 to 1.5) get notified at multiple checkpoints, 1h before grace expires, midpoint, 15 min out, and have a configurable cure window (default 6h, up to 24h) to top up collateral or repay before liquidation ever triggers. not margin natively but the same principle.
would love to compare notes.
exactly, thatโs what a lot of tradfi institutions like chevy chase trust, moneta group, and other US wealth managers told us during our user research for @CentuariLabs.
thatโs why weโre building fixed rate lending and credit using a CLOB to drive adoption from these institution. and honestly, there still isnโt a lending architecture that truly fits their needs yet.