Chia Network Incorporated and Permuto Capital are building a new foundation for the world of finance starting with three megacorps! Are you ready for SEC approved stocks being securely stored and traded on the CHIA Blockchain? DYOR NFA
"The Permuto Trusts Started As A Chia Blockchain Only Offering"
Read more on the work Permuto is doing and the challenges the technology is seeking to solve in the latest piece by @hoffmang below:
Most of the magic behind LLMs lies in the Transformer architecture ✨
Here’s a line-by-line breakdown of the Transformer code 🧠💻
A must-read for anyone who wants to understand AI, not just play with it 🤖📚
Thank me later! 😉
https://t.co/5dH39uv1YS
Is anyone safe using DeFi?
A user on @Uniswap v3 was just sandwiched attacked out of $216k while simply trying to swap $221k USDC to USDT.
Mind you, this was a pool that had over $35m of USDC and USDT it.
This is insane.
How did it happen?
An MEV bot front-ran the tx by swapping all the USDC liquidity out.
After the transaction executed, they put back the liquidity.
The attacker tipped a block builder (bobTheBuilder) $200k and profited $8k from this transaction.
-----
A few ways to try to avoid this:
1. Reduce slippage tolerance on transactions
2. Don't use Uniswap. Use cowswap or another aggregator - which can provide better execution + prevent this malicious MEV
3. Use a custom RPC that doesn't expose your transactions publicly
-----
What is Uniswap's responsibility here?
We can't live in a world where a user executes a simple swap of $221k in a liquid stablecoin pool and gets rugged.
----
P.S. data team @the_defi_report is cooking. Going deep on MEV to share the economics of various chains from the ground up.
Might not be pretty.
If you want to stay on top of all the insights we're sharing, you can sign up below 👇
Cryptographer Krzysztof Pietrzak breaks down Bitcoin, PoS, and Chia Network's sustainable blockchain solution.
Watch the full lecture:
https://t.co/WAQ297YBQL