if you still own LEND, Aave labs decided to raise unexpectedly a proposal to AIP stage.
You have 5 days to migrate or you will lose your ability to do it and hold worthless tokens.
While I supported working on this in the past, doing it overnight in a whole different context of ownership of the DAO is clearly not something I support.
We're talking about 30m$ worth of tokens at current market price.
here's the migration contact:
https://t.co/WFz19pEZTV
@pythianism aBasWETH = 0.95371 ETH
aArbWETH = 0.98454 ETH
aEthWETH = 0.99722 ETH
Low liquidity but interesting to see what these atokens are trading at.
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
correct me if I'm wrong but this seems like the largest ever single-block builder profit in ethereum history, ~$33m to titan
it also may be one of the largest MEV block rewards ever on eth, a 568 ETH proposer payment which falls just behind the SVB USDC depeg (had a 692 ETH payment), 2023 sushiswap whitehat hack (689 ETH), and 2023 curve whitehat hack (584 ETH)
others already commented on the original issues with the order (illiquid route + insane $155k AAVE limit price), but here's where the $50m went:
- $36k to the user's cowswap order (331 AAVE)
- $619k cowswap solver fee
- ~$9.9m to the MEV bot that backran the 17,957 ETH -> 331 AAVE swap (backrun was 128 AAVE -> 17,959 ETH)
- another ~$2.6m to the same MEV bot from backrunning the $50m USDT -> $37m WETH swap over multiple txs
- ~$34.3m fee to titan from the MEV bot (includes $1.2m to lido as the block proposer)
- ~$3.5m in dex swap fees + residual smaller arb txs
insane payday for titan, who sent their profits to coinbase, and this single MEV bot took the majority of the arbs in both the illiquid AAVE/WETH pool and the $13m slippage swap in the main USDT/WETH pool
"The Aave Chan Initiative was built for Aave. Without a future in the Aave ecosystem, the name no longer applies. ACI will wrap up as our obligations conclude.
It has been an honor to serve the Aave DAO. We did our best."
:-(
https://t.co/HZos2LgJV1
The @_SEAL_Org Intel team is tracking multiple attacks targeting @EthereumDenver attendees. These are bogus NFT and POAP claim sites linking to cryptocurrency drainers: An attack designed to drain all the funds from victim wallets.