Bear markets are when these kinds of lists gets built
My top 2: insurance for vault deposits and onchain reputation for borrowers/lenders
One thing missing from this list: risk primitives for agents
Things I want to see built in crypto next โ
1. Insurance for vault deposits
2. Credit scores for neobanks
3. Onchain reputation for borrowers/lenders
4. Better tax reporting tools
5. Stablecoin escrows
6. A decentralized Moodyโs for protocols
7. Private perps, prediction markets, and DEXs
8. Prediction markets for yields and gas fees
9. Secondary markets for unvested tokens
10. Private reusable KYC
Who's building these?
OpEd: ๐ฃ๏ธ Tokenized RWAs will thrive during the next crypto downturn because their yield is anchored to real economic activity, not crypto leverage, argue Cork's Rob Schmitt, researcher Borja Neira, and RWA.โxyz's Bryan Choe.
https://t.co/CTgKlvInhi
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
@phtevenstrong Now the big question is how they reconcile the situation, who takes the haircut, all rsETH holders or only the unbacked wrsETH on L2s?
Unpacked here:
https://t.co/924DmH9Ymc
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
@arbitrum Real question is if those funds will go towards backing rsETH and if so will holders on L1 be fully whole and losses socialized on L2 or socialized against all L1 holders incl lenders?
Unpacked in detail here:
https://t.co/924DmH9Ymc
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
1/ ๐งต $292M of rsETH โ was drained from @KelpDAO's @LayerZero_Core bridge in a single forged message. 48 hours later, $13B of DeFi TVL had walked out the door whilst it remains unclear where the losses actually will land. Let's unpack the ecosystem impact.
23/ A state-actor attack at this scale is part of the game. The question isn't whether these events happen again โ it's whether the stack evolves to price them upfront, or keeps absorbing them with large cascading ecosystem consequences.