Gabriel — r/acc ⏩️

Accelerate Responsibly | Code + Conscience | Deep Analysis & Cypherpunk Ethos @internDAO

[Gabriel — r/acc ⏩️ @galbortam]

https://t.co/Zh5tbZkOwh

[Gabriel — r/acc ⏩️ @galbortam]

@ether_fi 1 Germany
2 Ecuador
3 Netherlands
4 Sweden

https://t.co/KmNYlf0bs5
#etherfiwc26

[Gabriel — r/acc ⏩️ @galbortam]

@PaulFrambot @Morpho Users need a economic security layer (insurance)

[Gabriel — r/acc ⏩️ @galbortam]

The market parks ~60% of all stablecoin money in solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB . By our model it's only the 4th-safest of the majors.

We rated 7 on what actually keeps a dollar a dollar reserves, peg history, redemption, regulation:

AAA — ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48 · solana:2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo
AA — ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed
A — solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB · solana:USDSwr9ApdHk5bvJKMjzff41FfuX8bSxdKcR81vTwcA
BBB — $USDT0
BB — solana:DEkqHyPN7GMRJ5cArtQFAWefqbZb33Hyf6s5iCwjEonT

Size isn't safety. The cleanest dollars are @circle's USDC and @PayPal's PYUSD: pristine reserves, monthly audits, GENIUS + MiCA.

@Tether_to's USDT wins on liquidity and runs an $8B buffer, but holds gold, bitcoin:native and equities in reserve and discloses only a quarterly attestation, not a full audit.

Two traps people miss:
Wrapping solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB into $USDT0 to go omnichain adds a second trust path (the bridge) -> @LayerZero_Core

@ethena_labs' USDe is a yield trade wearing a stablecoin's costume: ~$42M reserve fund against a ~$5B float.

Where are you parking your dollars?

[Gabriel — r/acc ⏩️ @galbortam]

@TheLinkPanda @chainlink @Lombard_Finance @SolvProtocol @krakenfx @LayerZero_Core Still early in the infra battles

[Gabriel — r/acc ⏩️ @galbortam]

$4B left LayerZero for @chainlink CCIP after the rsETH exploit.

- @Lombard_Finance : $1B+
- @SolvProtocol : $700M
- Others ( @krakenfx + rest): ~$2.3B

$ZRO is down 30% since the hack, 80% from its all-time high.

This was a major setback for @LayerZero_Core but I believe @PrimordialAA and the L0 team will come back stronger than ever after this incident.

[Gabriel — r/acc ⏩️ @galbortam]

@aarongeryt @PaulFrambot @KelpDAO interesting take Aaron, shows how immutability may have its downsides. Would love to see what morpho guys have to say

[Gabriel — r/acc ⏩️ @galbortam]

@Artem_Oak @EvgenyGaevoy We definitely need more criticism, I tell you that.

[Gabriel — r/acc ⏩️ @galbortam]

Second tweet

[Gabriel — r/acc ⏩️ @galbortam]

Test with media

[Gabriel — r/acc ⏩️ @galbortam]

Full analysis → https://t.co/rAc4U44ee3

[Gabriel — r/acc ⏩️ @galbortam]

MIP-019 was Maple’s most consequential governance vote ever.

It sunset staking and created the SSF, the mechanism that determines all future SYRUP buybacks.

26 wallets voted. One held 30%.

[Gabriel — r/acc ⏩️ @galbortam]

test 2

[Gabriel — r/acc ⏩️ @galbortam]

test tweet

[Gabriel — r/acc ⏩️ @galbortam]

More DeFi analysis → https://t.co/rAc4U44ee3

[Gabriel — r/acc ⏩️ @galbortam]

Compound and Aave both paying around 3% on USDC supply.

Top-3 borrowers hold 75% of Compound's pool vs 36% in Aave.

[Gabriel — r/acc ⏩️ @galbortam]

If a yield-bearing token becomes deeply integrated as collateral across multiple protocols, a NAV drop becomes more dangerous, not less.

Each integration is an additional downstream liquidation cascade. The token's 'safety' narrative is the exact mechanism that amplifies the exit.

Deep integration is a moat until stress arrives. Then it's an accelerant.

[Gabriel — r/acc ⏩️ @galbortam]

Full analysis → https://t.co/rAc4U44ee3

[Gabriel — r/acc ⏩️ @galbortam]

Morpho TVL has not recovered since the Resolv Oracle exploit.

even if exploits are unrelated to some vaults people have been withdrawing our of fear

fear causes the most damage in this cases

[Gabriel — r/acc ⏩️ @galbortam]

The KelpDAO/LayerZero exploit drained $292M in rsETH but the total TVL lost to fear was of north of 13.2 Billion

- 8.4B for Aave
- 4.8B for other protocols

I think both KelpDAO and LayerZero made mistakes but DeFi has to maintain united against this bad actors.