We is gaining momentum, thank you all 🙏
If you are affected, don't stay alone, the community is strong :
https://t.co/iF0EX1OtWY
#re7#eulerfinance re7labs streamfinance usdx re7 capital
The Stream Trading Protocol (Stream Soft Holding Company) is in the midst of identifying ways to maximize the value of its assets for the benefit of customers and creditors. The goal is to consolidate, liquidate, and distribute assets as expeditiously and prudently as possible under the circumstances. To that end, we are considering several different strategic alternatives, all of which will require participation from customers and creditors in some form. We will provide additional details, likely in the next few weeks. Please continue monitoring the Discord and X channels as well as the Stream website for updates. In the interim, please direct your inquiries to Jeremiah Ledgwidge at Cooley LLP ([email protected]).
Imagine lending your freezable stables at 2% while taking on timelocks, poisoning attacks, protocol bug, bad debt, and hack contagion… meanwhile Tether is parking the same liquidity in T-bills at 5%.
Risk-reward completely out of sync. Just move to bitcoin seems the best option
3 days with utilization stuck at 100% on Aave, 13% lmfao. Slope2 is clearly too aggresive, no real incentive for lenders to take a risk or borrowers to unwind.
Feels like TVL is about to take a serious hit in the coming days.
Protect the degen loopers more than restore balance
"Désormais les otages pourront déclarer leurs revenus pendant leur détention par le biais de leurs ravisseurs. Le formulaire B3472-8bis a été modifié en ce sens."
Privacy meets cross-chain 👁️
ZEC and XMR are now swappable on Symbiosis — bridge @zcash or @monero to any of 60+ supported chains and back.
Try here -> https://t.co/VOi2u0BufI
Circle Wrapped Bitcoin is coming.
Backed 1:1 by BTC and readily verifiable onchain, cirBTC is being built to work seamlessly with Circle infrastructure and the broader DeFi ecosystem.
Learn more: https://t.co/wWzVBZdIz1
Tried something cool today that I think many aren’t aware of: Confidential Swaps, which just went live on @near_intents.
It lets you basically swap any asset, and what you swapped, what you received, and where it went are all untraceable.
You deposit into your Confidential Account, and from that moment, you are inside a sealed environment.
Here’s exactly what I did (see screenshots below):
1. Deposited 2k USDC on ARB.
2. Moved 2k USDC from my main account to my confidential account.
3. Swapped 2k USDC into ETH.
4. Sent that ETH to another confidential NEAR address I control.
5. Moved USDC from confidential to main account
6. Withdraw to wallet
Ok, some notes. How you use it matters. If you do as I did: deposit 2,000 USDC, swap to to 0,97 ETH, but instead withdraw instantly to the same address, an on-chain degen could still connect the pattern.
The input and output remain visible on the edges, while what happens inside stays confidential. Real confidentiality comes from how you handle the flow.
For example, keep assets in your account longer, withdraw to different addresses (what I did), and avoid mirroring the same amounts in and out.
Like, if you put in 2000 USDC, it would be quite easy to see if you withdraw the exact same amount.
If you think about it, this is what happens when you use a CEX today, but NEAR found a way to do the same onchain.
Every swap you have ever done before this sits on a block explorer forever. Anyone can see the inputs, the outputs, and the route. near(dot)com Confidential Accounts break that connection completely.
Inside the confidential shard, there is no public RPC, nothing to query. The ledger still verifies itself, but the path between input and output disappears.
Worth checking out if you want to stay onchain, and want less dependence on CEXes on near(dot)com.
RLP, @ResolvLabs's junior tranche might face losses given the USR exploit. There's 29,999,625 RLP in circulation, or about $38,616,759 at the pre-exploit price.
The biggest holder? @StreamDefi.
A 13,627,618 RLP position on Morpho with $511,507 of USDC debt. That comes out to ~$17m of net exposure, and therefore possibly ANOTHER big loss for stream depositors.
Wallet: https://t.co/hP8EFzIWe7
@yield's yoUSD also holds 943,248 RLP, or $1,214,187. Will they cover the (potential) losses this time?
Wallet: https://t.co/iMunG5fUgm