Suma

DeFi maxi

[Suma @sumatrone]

@beaniemaxi @vibhu The EF never shilled apps in that way. What are you smoking?

[Elon Musk @elonmusk]

@McMurchie @alexmd2 @Techmeme @CatherineShu At this point, I want ETH even if it is a scam

[Suma @sumatrone]

@RyanSAdams @pinedegen @TrustlessState What dirt does the CIA have on David to have compromised him like this?

[Suma @sumatrone]

@leolanza @TrustlessState is doing ETH a favor by bringing all the bulls out with his retarded takes

[Suma @sumatrone]

@LefterisJP @moo9000 Well my Gnosis wallet was completely drained so I'll reserve jusgement until the money's back...

[Suma @sumatrone]

@LefterisJP This is 🔥 so hard to decipher accounts with Gnosis card otherwise

[Suma @sumatrone]

@lex_node @BitcoinJesusETH His whole Charbonnio arc was just plain sad. He got pilled into shilling a LFHV token like $TIA while the VCs were systematically dumping on retail. So dumb

[Suma @sumatrone]

@stacy_muur This example makes no sense. How did they get 100 USDC on Arbitrum in the first place? They're already native at that point. And they can simply send/swap in Metamask app in one transaction or even better ZODL wallet

[Suma @sumatrone]

@RenzoAI @Cryptoski Yes, complete masochists

[Suma @sumatrone]

@KelpDAO @inversebrah @chainlink Trash your customers, pay the price @PrimordialAA

[Suma @sumatrone]

@tushar_jain How is it a return to cypherpunk when it's literal OG technology?

[Suma @sumatrone]

@moo9000 I don't trust founders who swear like this )!@%(

[Suma @sumatrone]

@SiloIntern Meanwhile we're still all waiting for Silo to do something about the funds it lost after unsafely handling the Stream hack

[Suma @sumatrone]

@DeFi_Dad Everything L0 has done has been to minimize liability. From the initial report throwing @KelpDAO under the bus, to not publicly committing any funds in case it's construed as admission of guilt. Stani came out all guns blazing, @PrimordialAA just larped as a leader 🤢

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

I can't imagine anyone choosing to build with, or use L0 after all this.

Prior to the rsETH/L0 incident, I never fully understood the difference in tech between CCIP vs L0. So I wasn't going to avoid L0 if a multichain token was only supported as an OFT.

But now, I'd do everything imaginable to avoid L0 OFTs. Security matters, and second to that, actions matter in a situation like this. Their reaction to the whole debacle tells me all I need to know.

Aave could have turned its back on users and said "sorry it's not us, it's on them" but they rallied the troops around the situation to make things right. Or maybe Aave is just too big to fail and everyone's simply acting rationally to save the crown jewel of DeFi. No matter what, Aave has shown the type of leadership we all expected in the end. It's what we needed in this moment and I'm eager to see their plan fully executed.

Despite my initial disappointment with Kelp for their role in causing so much pain, I still empathize with their painful situation as a builder. I'm not excusing them but there's a reason I invest over building. Nothing's harder than building. At least, I give them credit for taking responsibility to donate a large portion of their treasury to help fill the ETH hole.

There is no textbook procedure as to how to handle all this, but in my opinion, L0 has royally fucked it up. I rarely see things so black and white but I'd stay away from L0 after all this.

They're hugely accomplished builders in the space but for the huge role they aim to play, you want to know if something ever goes wrong, that a protocol, team, and founder will be accountable to their users.

I would assume L0 has listened carefully to lawyers about making more statements, and if that is the case, it's a huge blunder. You've been totally rerated by DeFi users as completely untrustworthy in a world that relies so heavily on investor confidence and trust.

Despite all this, the ZRO price has held up well. ZRO still has a low float (25% of FDV) with some big unlocks coming in June that will more than 2x the circulating supply. The promise of a new L1 must be partially why the token hasn't dumped more dramatically following this incident. There's also so little liquidity to be sold.

I can't help but be extremely frustrated and disappointed with L0's response. And keep in mind, I'm lucky I have no funds at stake against rsETH collateral.

[Suma @sumatrone]

@StaniKulechov @antiprosynth @ethereumJoseph @Consensys Meanwhile crickets from @LayerZero_Core and @PrimordialAA

[Suma @sumatrone]

@Defi_Warhol @Marczeller @stacy_muur @claberus @bashorunedward @StecoinZhang @DigiTektrades How much did @PrimordialAA contribute to the mess he created?

[Suma @sumatrone]

@euler_mab Who tf is Eric Forgy tho?

[Suma @sumatrone]

@StaniKulechov Why doesn't it mention Mantle or Linea?

[Suma @sumatrone]

@SiloIntern Just delete your account and go back to school or find a manual job. Stop peddling all this shit