Wow, KelpDAO comes out and says:
> 2 of LayerZero’s RPCs were hacked
> it was LayerZero internal compromise that led to the exploit
> they took fast action to prevent another $75m vulnerability
> the 1/1 DVN was the suggested setup from LayerZero & even after they asked further about it during the transition to L2s, it was kept the same
> blames LZ for the setup
My goodness. Absolutely no one taking any responsibility and no real detail on the loss socialization for Aave users still.
I think we are all underestimating how long the WETH & stablecoin pools may be frozen.
@0xz80@Zai_org I like glm5 it s smart but slowww. Maybe turbo make sit better. My benchmark is Kimi 2.5 turbo from fireworks ai. This stuff spits fire ... 400 token / sec
The Aave protocol was originally designed by people that had user friendly architecture in mind and that's large part of the success.
For example, If you try to withdraw collateral on Aave to a point that it would trigger a liquidation, the protocol will revert the tx.
because there's no point of allowing that as it's only hurtful for the user.
Product design must be at it's core, user friendly.
Aave has now, new cooks in the kitchen, and mindset seems different.
@MetamateDaz You will bounce back, you have to fail to evolve and learn. Take time to reflect and enjoy the gift of having a family. Then decide on your next move with purpose.
If you feel you need to talk my DMs are always opened for a bro.
@ImperiumPaper@Ceazor7@SkyEcosystem wouldn't this kills any credit spark built with their depositors ? It s their protocol reputation they are putting as a collateral.