Thrilled to share that a generous donation enabled us to purchase 3,000 bulletproof vests for IDF soldiers, with the help of the Czech govt and in coordination with the IDF ๐จ๐ฟ๐ฎ๐ฑ
Shoutout to the 669 Search and Rescue Unit Alumni Network for helping make it happen๐
Am Yisrael thanks you! ๐ฎ๐ฑ๐
#StandwithIsrael
#SupportIDF
๐ง ๐ญ
Alpha Homora <> Iron Bank: A Story of Bad Debt Allocation
TLDR: Alpha Homora's massive ETH debt to Iron Bank means users can't withdraw ETH and protocol incentives are out of alignment
But since AH gets the ETH at 0%, the lending yield is at ~1%. To mitigate this problem and allow users to withdraw funds, AH is diluting its ETH debt liability with its USDT pool.
Long term, this is great for ETH holders.
If you rinse and repeat some combination of these 3 outcomes and mix in a bear market, you have a serious issue on your hands..... and thats what we're seeing today with Bancor pausing their ILP program.
1. BNT holders take a hit from inflationary spending measures
2. IL payouts of BNT means that BNT is less valuable on other pairings purely by inflationary measures
3. BNT payouts are dumped in exchange for other tokens
@thedefiprincess@HopProtocol I think they definitely could have overlapped txs other ways too! I think looking at size/volume/timing in aggregate can be helpful too. Attacks tend to follow a repeatable or, at least, similar pattern in these areas
@thedefiprincess@HopProtocol ohhh oops think i missed the first part of that Q. Here's a blog post with some more details: https://t.co/UXPy5SwIoi. There's also an attached github issue submission for the airdrop hunting report itself in the blog.
@thedefiprincess@HopProtocol Great question! Mostly just browsing on Twitter! I was aware about Hop's airdrop and I was pretty intrigued by its airdrop hunting challenge at launch so I gave it a shot!
Step 1: Track on-chain transfers across all EVM chains for all eligible airdrop addresses
Step 2: Filter out connected graphs with low nodes
Step 3: Query Hop subgraphs to confirm Sybil behavior
Step 4: Profit! ๐ค๐ค