Nerdoo

Marketing Head. Bullish on Stablecoins, Payments and Neobank.

[Nerdoo @shhh_nerd]

@naruto11eth Yeah @nikitabier has something personal to you feels so? 😂lol

[Nerdoo @shhh_nerd]

Worst month for DeFi:

- Drift hacked
- rsETH exploit
- Aave liquidity crisis
- USDT frozen on Tron
- Arbitrum is centralised
- Multiple bridges drained
- Lazarus group become more rich
- Several protocols paused operations

[Nerdoo @shhh_nerd]

Tokenized US Treasuries. Onchain money market funds. Real estate yielding 6%, settled in seconds.

RWAs are doing what DeFi promised in 2020, but this time, with BlackRock's signature on it.

The line between TradFi and DeFi just got permanently blurry.

[Nerdoo @shhh_nerd]

The Broken Banking System
You've been told your money is "safe" in a bank.

What you weren't told: It takes 3 days to move it, It earns 0.01% interest, It closes on weekends, It can freeze your account with zero notice

"Safe" was never the right word. Slow. Controlled. Outdated

[Nerdoo @shhh_nerd]

$50m via phone? Whattt

[Stani @StaniKulechov]

Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface.

Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return.

The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox.

The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal.

Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space.

We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction.

The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.

[Nerdoo @shhh_nerd]

@blend_money Replied

[Nerdoo @shhh_nerd]

@AroraBhavyam Ambassador

[Nerdoo @shhh_nerd]

@uttam_singhk @MerlinEgalite @Morpho @Alchemy Why no face reveal ser?

[Nerdoo @shhh_nerd]

@boundless_xyz @sshankar @StellarOrg zk = boundless = the new tech revolution

[Nerdoo @shhh_nerd]

@counterpartytv Just @hosseeb things

[Nerdoo @shhh_nerd]

@thegaboeth @bcgame Graph seems to be green mate

[Nerdoo @shhh_nerd]

@fukuonchain @virtuals_io Y fuku sounds like fck u

[Nerdoo @shhh_nerd]

@bruca Engaged

[Nerdoo @shhh_nerd]

@the_sharmini Me: Dropped out (I mean they said, I'll not achieve anything..... Haha working as a CMO)

[Nerdoo @shhh_nerd]

@thegaboeth Fs fs

[Nerdoo @shhh_nerd]

@emilylai Really it's an eye opener for every marketooor

[Nerdoo @shhh_nerd]

@AroraBhavyam @IBWofficial Ibw

[Nerdoo @shhh_nerd]

@NoPromotionLabs Done please send