Plume is now the world’s first regulated onchain vault manager.
We’ve been granted a Digital Asset Business Licence by the Bermuda Monetary Authority, joining Circle, Coinbase, and Kraken under @BermudaMonetary supervision.
This brings us one step closer to our vision of Open Finance.
https://t.co/qb5iVCG6fN
every week, $40 million is stolen from defi, routed through a series of mixers before ultimately being used to fund dark nation weapons programs
the same defi that is supposed to be the shining star and real use case of our industry has lost over $750 million in the first 4ish months of 2026 and over $17 billion over the last 10 years
in a sick twist of fate, this is our golden window. GENIUS Act has passed, CLARITY is around the corner, and the world’s largest institutions are paying attention for now
in moments like these, it is important to know where you stand
at @plumenetwork, comparing ourselves with defi was never right. we view capital protection as our main priority, and our real time monitoring controls can step in if something goes wrong. defi isn’t perfect, but the financial system isn’t either
we have been building Open Finance: technology that leverages the best aspects of both cefi and defi
Open Finance is smart contract programmability, fast innovation, open access, cross-chain composability, standardized, while maintaining regulatory licenses and safeguards, access to institutional assets, all going to create products built for scale
allowing a global investor base to access the highest quality assets, with the licenses required to attract the best institutions, with a mandate of safeguarding capital
if $900T of global assets are going to move onchain.. Open Finance is the only path forward
more on this soon
I'm updating the Golden trio of onchain safety:
1) Own a hardware wallet, with the new clear signing framework, screen output will go from gibberish to human-readable.
2) Import your hw into @ambire, they cooked, I migrated to it and it's now the best wallet for the EVM experience, check their simulation.
3) create a @safe, even if 1/1 at first, use tenderly simulation.
Bonus: generate a hotwallet without any funds, make it a proposer on your safe and give the private key to your agent to generate the transactions and batchs for you, no more clicking buttons, no more clunky UIs, just prompt then verify simulations at each layer and sign at the end.
Voila, this setup makes you safe, 100x your crypto UX and makes unc Kim sad.
it's really crazy that layerzero doesn't have some redundant sanity check and allows to bridge 116,500 rseth from a chain with a supply of 49
anyway here is my investigation https://t.co/4J0f7fscck
Nest has no exposure to the rsETH exploit, Aave V3, or any other impacted protocols. All of our vaults are backed by RWAs with the majority of stablecoins off-ramped or custodied by asset issuers, in exchange for fund shares in the real world.
However, out of an abundance of caution, we are temporarily pausing all LayerZero OFT crosschain bridging infrastructure until there is more clarity on the incident.
In the meantime, our vaults remain safe and operational on Plume mainnet.
@andrewhong5297 That's https://t.co/Jfv2u78pgS. Already adopted by lots of teams (e.g. USDai, Plume, Lagoon, Centrifuge, Cove, ...), and we're working hard to get open-source, audited implementations that teams can use and build on top of.