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TLDR: I joined @ethereumfndn as DeFi Coordinator
1] I got introduced to DeFi back in 2019 and stuck to it ever since. As narratives appeared and faded away, my general belief in DeFi stayed. I think today, more than ever, Ethereum is the right place to grow DeFi further. I'd like to help make this vision a reality 🙏
TLDR: I joined @ethereumfndn as DeFi Coordinator
1] I got introduced to DeFi back in 2019 and stuck to it ever since. As narratives appeared and faded away, my general belief in DeFi stayed. I think today, more than ever, Ethereum is the right place to grow DeFi further. I'd like to help make this vision a reality 🙏
If the DAO agrees, Uniswap will finally become a "closed loop" network token: fees paid to the decentralized protocol will be captured by the token through a buyback and burn.
And if the DAO decides, new tokens can be minted to help pay for protocol growth.
A lot of legal work went into making this possible — the DUNI and a lot of research.
https://t.co/MiwDoTqy07
If you'd like to learn more about network tokens, check out this overview:
https://t.co/UxFVjSgToQ
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DEVELOPING STORY: BALANCER EXPLOIT
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@Balancer, a major DeFi liquidity protocol on Ethereum with over $750M in TVL, appears to have suffered an exploit today.
Around $70.6M in assets were transferred from its Vault to a new wallet.
This includes:
6,587 WETH (~$24.5M)
6,851 osETH (~$26.9M)
4,260 wstETH (~$19.3M)
Transaction: https://t.co/FGA8NhLn8H
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How Did the Exploit Happen?
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Details are still emerging, but on-chain data shows funds moved from the Balancer Vault:
(0xBA12222222228d8Ba445958a75a0704d566BF2C8)
to a fresh address
(0xAa760D53f5D1bA1FBE5678c34675b8E3F1cDe1A1).
It targeted V2 pools specifically -- ETH-related ones.
V3 pools are reportedly safe.
No official root cause yet, but Balancer team is investigating. It looks like it could involve a smart contract vulnerability or compromised admin keys.
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Ecosystem Impact
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1⃣ $BAL token dropped ~5% immediately after news broke.
2⃣ Protocols like @Aave, which rely on Balancer for liquidity, could face disruptions if confirmed. Some vaults (e.g., Yuzu) have already withdrawn funds as precaution.
3⃣ Forks like Beethoven X (Beets) and others may also be vulnerable.
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What Should You Do?
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1⃣ If you have liquidity in Balancer V2 pools, withdraw them immediately, especially ETH/stETH-related.
2⃣ Check connected protocols (like Aave or forks like Beets).
3⃣ Follow @Balancer for updates -- they haven't tweeted since Oct 30, but mods confirmed V2 impact in their official Discord/X.
4⃣ Use tools like https://t.co/wMpQhUFl5j to check and remove approvals.
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UPDATES
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I'll keep posting as I learn confirmed news.
Launching https://t.co/hqQNlNrg0c today ⟠
When institutions evaluate blockchains, three things matter:
→ Reliability
→ Liquidity
→ Security
Ethereum doesn't just meet the bar across these three categories. It sets it.
That's why the world's largest institutions choose Ethereum for tokenization, stablecoins, DeFi and more.
This site tracks that momentum in real time. A public good for the entire ecosystem👇
https://t.co/FgzM9V2rNy
Prediction markets are exploding, and the ecosystem around it is wild.
I spent weeks mapping the complete Polymarket ecosystem landscape - 116 projects across 14 categories.
What did I miss? Drop your favorites below 👇
this week in the world of ethereum:
- eth surpassed btc in inflows in Q3
- eth overtook btc in ETF inflows for the first time
- big progress on parallel validation (EIP 7928)
- eth whales continue to accumulate on-chain data show
- sharplink acquires 19,271 eth
- bitmine accumulates $140 MILLION in eth
- eth stablecoin issuance hits $169.4 BILLION
- jpmorgan accepts eth as collateral
- active loans on eth hits $9 billion
- quantum solutions accumulate 2365 ETH
all of this in just 1 week. believe in somETHing.
Peter Thiel sees Ethereum as a step function improvement from existing financial architecture and he’s sizing accordingly
$ETH is King. The world is its Kingdom
90k $AAVE bought back is a solid milestone.
A simple test for buybacks:
1⃣Size: ~$1M/wk since Apr 9 (pilot for the first 6 months; then sized by budget with quarterly reporting).
2⃣Rhythm: programmatic buys > one‑offs. An on‑chain TWAMM pilot was proposed to keep buys steady & time‑weighted.
3⃣Source: funded by protocol revenue/treasury (Collector) via allowances; no new token issuance.
4⃣Net: emissions were reduced with Umbrella (e.g., stkAAVE rewards cut from 360 → 315 AAVE/day on Jun 5).
5⃣⭐️Progress: ~70k by Aug 4 → 90k now (Sep 22).
Sonic x Pendle: Delta-Neutral Farming Up to 65% APY
@SonicLabs hosts a series of stablecoin markets powered by trusted protocols in @pendle_fi
This model combines Sonic's stablecoin vaults with Pendle’s yield tokenization system to offer users high-yield, low-risk strategies
The approach allows for delta-neutral farming, meaning investors can earn yield without being exposed to market price volatility
Sonic provides stablecoin assets like smsUSD, msUSD, and various USDC vaults from partners such as @Main_St_Finance, @SiloFinance, @Trevee_xyz, and @246_club
These assets offer different levels of base yield ↓
➥ PT fixed yield up to 21.32% with smsUSD
➥ LP yield up to 66.57% APY with msUSD LP
The new $PENDLE Boros is a really interesting product that I think markets are still struggling to understand its significance.
E.g.: Over the weekend, BTC was being aggressively shorted with a -3% funding rate. You think a short squeeze will happen and longed $BTC - you would have lost money due to spot selling that brought down prices and brought up the funding rate.
If you decided to go long the YU on Pendle Boros instead, you would have been paying -3% and receiving 10% apy while getting capital appreciation in BTC terms.
This is a big unlock for large yield-bearing stables to smooth out earnings even when funding rates are negative. The next steps for this product will likely be increasing the OI available to get more trading fees.