"so you staked your ETH on the Ethereum blockchain to earn yield?"
"yes, Dave"
"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"
"that's correct, Dave"
"and Lido gave you a liquid staking receipt token called stETH in return?"
"yes, Dave"
"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"
"you are correct, Dave"
"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"
"you got it, Dave"
"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you 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 whose security is held together by a 1/1 toothpick, which was obviously 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"
"you are 100% correct, dave"
jfc.
@Fantom_India@AndreCronjeTech Same although, nowadays, after so much circus 🤡 action by the team, i dont have any expectations nor i check wtf is going on in this project apart maybe from playing a bit of @EstforKingdom
$ETH: ~30% staked, public validators. 👁️
$ZANO: ~70% staked, private validators. 🔒
Zarcanum is the world's first fully private Proof-of-Stake consensus, delivering network security with privacy, not transparency.
In early November 2025, @beets_fi experienced an exploit.
The Sonic Labs team successfully recovered 5,829,196 S and has now fully distributed the funds proportionally to all affected users.
A full breakdown can be found here: https://t.co/XkX3Jmnn1U
Locked $S for 2 years
Burns $S
Market Buy $S
sounds good to me.
i dunno why an OG team like beets supporting and building since $FTM early days get so much hate from the community.
There has been intense debate surrounding the Beets LP recovery proposal on Sonic.
Some points raised are valid; others are sweeping misunderstandings.
Here’s a simple, factual explanation of what we proposed and why.
A 🧵
@beets_fi Locked $S for 2 years
Burns $S
Market Buy $S
sounds good to me.
i dunno why an OG team like beets supporting and building since $FTM early days get so much hate from the community.
Since its a complete shitshow (shitcoins included 😂)
BLAZE has engaged legal counsel and will be submitting a governance proposal representing the interests of our community.