grindcore

defi & quant trading

[grindcore @GrindcoreCap]

imo a lot of the market reaction right now is reasonable extrapolation from ZEC vulnerability

thinking goes, if zcash, a super advanced and well audited platform just gets 1-shotted by Mythos… what’s to stop it from happening to my token?

everybody is a little more scared now because of it, even if the hackpocalypse doesn’t materialize people are going to be nervous until protocols prove their resilience. there will be other casualties be careful out there

[grindcore @GrindcoreCap]

@TheStalwart why use many token when few do trick

[grindcore @GrindcoreCap]

great real life example of Goodhart's law

"when a measure becomes a target, it ceases to be a good measure"

[Polymarket @Polymarket]

NEW: Amazon has reportedly scrapped its internal AI leaderboard as costs soared, with a senior executive telling staff: “don’t use AI just for the sake of using AI.”

[vitalik.eth @VitalikButerin]

Vyper devs continue doing impressive things. Highly encourage people (and their bots) to take another look at the language.

[grindcore @GrindcoreCap]

chat is this fraud?

[grindcore @GrindcoreCap]

lmao

[unusual_whales @unusual_whales]

"Microsoft, $MSFT, AI chief gives 18 months for all white-collar work to be automated by AI," per FORTUNE.

[grindcore @GrindcoreCap]

cvxcrv is insanely undervalued right now. 60% off from crv spot, gives 25% apr

even if you think peg never closes, crv never appreciates, the yield it gives is unrelated to that - its LP fees. buy now, repay yourself the principle in 4 years, hold on to the income forever

[grindcore @GrindcoreCap]

put the previous 2 posts together -> crypto runs in august

[grindcore @GrindcoreCap]

prediction 2: crypto doesn't run until after the major IPOs (spacex, oai, anthropic)

that's going to unlock a ton of liquidity that is going to need somewhere to go. that cohort is relatively pro crypto and will run the prices. these wont happen all at once (spacex first, ai cos later)

fully played out by Q4

[grindcore @GrindcoreCap]

prediction: there's a lot of nerves / sell pressure in defi from people who are scared of mythos leading to waves of new hacks

once mythos has been publicly available for a few weeks and there is no insane wave of hacks we'll see a bump up

rumors are it comes out in a few weeks, so this will play out in the next 2-3 months say

[grindcore @GrindcoreCap]

@luigidemeo exploits go up in bear markets?

[grindcore @GrindcoreCap]

Alternative take is that major DeFi protocols run some of the most battle tested software there is. Every day that TVL is locked there without being hacked is another real world security audit passed.

If you look at the type of hacks that are typically happening nowadays on major defi, they generally fall into on of two categories:

1) oracle / price hacks
2) multisig / key compromise / social engineering

These aren't the types of things that LLMs are particularly well-suited to identify. On (1) it requires a lot of systems knowledge and second order thinking on market dynamics rather than just reading through source code. On (2) that requires attacking and compromising particular individual - the best defense of course is just not exposing your protocol to multichain attacks.

If you look at the source for most DeFi contracts the actual code is pretty simple. Move tokens around, add and subtract account balances. The protocols that are exposed at that level haven't been hacked yet because the code does what it is meant to do, or they are so insignificant that nobody has bothered to look.

[Manuel Aráoz @maraoz]

PSA: I now consider *all* of DeFi unsafe.

Coding agents are superhuman at finding vulnerabilities, and smart contract security is too asymmetric: defenders need to fix every bug while attackers need just one exploit to steal funds.

[Super PINTO @PINTO03091]

@skalskip92 You might not believe it, but I simply manually annotated over 2,000,000 human body parts with ultra-precise detail. Probably no one else could do that.

[grindcore @GrindcoreCap]

@Ikebillion_ @MetaCvx @Tangent_fi So what’s the risk you’re getting paid 30% to hold?

[grindcore @GrindcoreCap]

seems like the X algo influences crypto prices more in the short term than any other single source at this point

wonder if they are taking advantage

[grindcore @GrindcoreCap]

this tweet aged well

[grindcore @GrindcoreCap]

Is @mangomarkets going to get an audit at some point? I’m tempted to move my main strategy there but too nervous to do anything of size rn. @PythNetwork issues don’t help either

[grindcore @GrindcoreCap]

ive been hating on bankless since 2021 apparently

iykyk

[grindcore @GrindcoreCap]

i'm sorry but the "ultra sound" money meme is dumb as f

[grindcore @GrindcoreCap]

tbh i also think yall need to stop pocket watching everyone else so much. let people trade whatever they want

[grindcore @GrindcoreCap]

if you are selling out of ETH now, i don't know what to tell you... insane behavior ngmi

[grindcore @GrindcoreCap]

if you are selling out of ETH now, i don't know what to tell you... insane behavior ngmi