Dennis Wellmann

Excited about sustainable and decentralised finance. Long ETH. Product lead @Centrifuge. Views are my own.

[۟ @MINHxDYNASTY]

Just got scammed 💀

Well really I scammed myself. It was for the one time I wasn't paying attention and decided to cut corners.

What is the scam?
There is a scam going around where an address that has a similar ending to one that you normally send to or receive from, sends you a few pennies (both addresses ended with ...sns).

If you are not paying attention, you will click an old transaction and end up copying the wrong address. This just happened and I sent 40 SOL ($7,000). This one stings.

Scammers think of intricate flows that people will go through, most of the time not working, but it just takes one fish (I was the fish).

Definitely hurts, but just a reminder that in a world of magic internet money, you always need to be careful. 99% of time you're safe, you're smart, but it just takes one time to get hurt.

Remember:
⁍ Move slow to go fast.
⁍ Double check everything.
⁍ Spread your assets among multiple wallets.
⁍ No matter how long or good you think you are, a temporary lapse can cost you.
⁍ Good luck, have fun.

Please RT for awareness. It's the one or two times you slip up, where you get caught. Hopefully this post is the last you see of this bullsh*t.

[Dennis Wellmann @financeundtech]

@SNoleppa @ubremer1 @HerthaBSC @DFL_Official Genau. Hab das mit den Mehrkosten nie verstanden, irgendwo muss das Geld ja her kommen. Ne Neue Anleihe hätte nen ähnlich hohen Zinssatz, Bankkredit oder grauer Kapitalmarkt genauso...

[Centrifuge @centrifuge]

We're thrilled to announce that $220 million in Real-World Assets (RWA) are coming to Centrifuge, in partnership with @BlockTower and @MakerDAO!

BlockTower Credit will be the first institutional credit fund to bring their collateralized lending on-chain.

https://t.co/WhSMpUWJwk

[Dennis Wellmann @financeundtech]

@Jack_Raines I am beginning to respect this world class trolling

[Dennis Wellmann @financeundtech]

Important job well done and evidence of a growing ecosystem

[RWA.xyz @RWA_xyz]

1/ Introducing @rwa_xyz - Analytics on real-world assets.

In order for DeFi to fulfill its original mission of building a transparent, efficient financial system, real-world assets must be brought on-chain.

🧵 on RWAs and how we help investors allocate to them:

[Katherine Kirkpatrick Bos @kkirkbos]

Love this piece from the CEO of @BNYMellon - "Certain elements of the digital asset space have conflated disruptive innovation with generally disruptive behaviour, but they should not be allowed to spoil the opportunity for everyone else." https://t.co/k4zwFEuzeK cc: @_cathyyoon

[Dennis Wellmann @financeundtech]

Love the thinking here.
https://t.co/DcHo7iS1WU
Moving from Sustainability to Regeneration is the next step

[Dennis Wellmann @financeundtech]

@Gbbigbuy @Rhano72834065 @kbeecroft @OpensquareN @wearetalisman @FearlessWallet @NovaWalletApp Build it! ;-)

[Dennis Wellmann @financeundtech]

@Rhano72834065 @kbeecroft @Gbbigbuy You can obviously also use penalties instead of rewards. I'd prefer positive over negative incentives anytime, but you could also burn tokens or return to the treasury every time a user does not participate in a vote... Technically also more complex though

[Dennis Wellmann @financeundtech]

@Rhano72834065 @kbeecroft @Gbbigbuy Yeah, not easy, but there are technical and conceptional mitigations to avoid voting randomly. Plus assuming people do vote randomly, in the end it they would not impact the result. It is a trade-off whether you accept rewarding some for nothing vs. increasing participation

[Dennis Wellmann @financeundtech]

@BillAckman @SBF Is this some weird 4d legal/financial conspiracy chess? Otherwise this take wouldn't be crazy, but outright dumb

[Dennis Wellmann @financeundtech]

@kbeecroft @Gbbigbuy on (ii) Participation needs to be smooth, easy and fun with great UI and UX. Easier said than done based on the current tech stack, but this is also a question of mindset, bandwidth, resources and focus.

[Dennis Wellmann @financeundtech]

@kbeecroft @Gbbigbuy on (i) Why not financially reward participation, voting and delegation? Rewards for using a product or protocol are widely implemented and accepted. So are staking rewards. There's no technical blocker stopping this.

[Bill Ackman @BillAckman]

The Definitive Post on the FTX Scandal - by Jason Choi https://t.co/vGD1BtsgF4

[Dennis Wellmann @financeundtech]

@adambn Number one here for sure @lucasvo and @mr_optimax.
Always pushing towards @centrifuge's vision of bringing RWAs on chain. Community is engaged, partners committed, product getting better every week and on-chain RWAs remain stable. Bear markets are for building 💪

[Dennis Wellmann @financeundtech]

Read of the day reg the potential of crypto projects through tokenomics

[Bill Ackman @BillAckman]

The telephone, the internet, and crypto share one thing in common. Each technology improves on the next in terms of its ability to facilitate fraud. As such, I was initially a crypto skeptic, but after studying some of the more interesting crypto projects, I have come to

[Adam Cochran (adamscochran.eth) @adamscochran]

1/3

6 months ago the SEC investigated FTX US on multiple matters.

They found no wrong doing.

Instead they continued to meet with FTX on giving them a "no-action letter" to broaden reach in the US markets.

[Jeff Garzik @jgarzik]

What was SBF lobbying against? DeFi. 🤔

What would have prevented this? DeFi. 🤔

What exchanges already publish real-time proof-of-reserves? DeFi. 🤔

What will US regulators try to shut down? DeFi. 🤷‍♀️