Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry
@BoevDinko@scottmelker to me it looks like america wants eu to simply get their shit together in terms of national security. eu neglecting greenland so badly while china and russia ramping up presence in arctic region. trump either wants greenland under usa control or eu to properly set up defense.
in a sense it is still kinda about how we should shape the future. anti-mass immigration, anti-drug war, bringing down venezuela (china’s source of oil + ally), war against iran (china’s source of oil + ally), trying to give wake up call to eu regarding immigration/energy/defense as a partner of “western civilization” like marco rubio said recently, etc. all about if we want to preserve western christianity way of living or not.