Is all of DeFi unsafe? A co-founder of OpenZeppelin thinks so.
@isaacpatka and @MikeSilagadze join @laurashin on the actual threat taxonomy: opsec failures, bridge contagion, social engineering, and why decentralization theater is the real problem.
Watch: https://t.co/KFvabGetry
The latest DEX in the City is live. @kkirkbos and Jessi Brooks unpack:
๐๏ธ The CFTC reclassified perps as futures โ and 90% of takes got it wrong
๐ค When the agent is the customer: the legal vacuum in agentic finance
๐๏ธ A mystery plaintiff claims 40,000 dormant Bitcoin wallets are legally his
Full episode: ๐ง https://t.co/Bo8dbNmtcN
The Uneasy Money close: it's grim out there for chains and apps alike, few onchain users, runways drying up. The crew's advice for founders: survive, play the board in front of you, keep grinding.
https://t.co/MhFNhoogJT
@LucaNetz on why chains play favorites: "if you own a boardwalk" with three spots bringing all the foot traffic, you don't treat "the person in the crevice with the same care" as your main attractions. Building Abstract gave him "more empathy for how Vitalik went about it."
https://t.co/GrDg0hCHkW
@LucaNetz's framing on Uneasy Money: blockchain ecosystems are like cities. "If I have a city with a lot of foot traffic, then my promenades and my boardwalks are going to have a lot of good stores that pay a lot of good rent."
https://t.co/MhFNhoogJT
Kain on Samani's Hyperliquid criticism: The product works, the results speak for themselves, and Arthur Hayes probably has the right side of that $100K bet.
https://t.co/MhFNhoogJT
On Uneasy Money: ICE/NYSE CEO Jeff Sprecher on Hyperliquid: "it's bigger than the NASDAQ, okay? It's 11 people. You look at it, you're like, wow, that's pretty something." Plus Arthur Hayes' $100K bet on HYPE vs Kyle Samani.
https://t.co/MhFNhoogJT
Kain's contrast on Uneasy Money: Circle delegates freezes to the courts, so it can't say no. Tether keeps the final say, then frames a court-ordered freeze as "we just happen to voluntarily freeze this... you served us, but we froze it all on our own."
https://t.co/MhFNhoogJT
@tayvano_ breaks down the Zama freeze on Uneasy Money: raiders tried to grab an Overnight Finance treasury, the controller took it first, the money flowed into Zama's privacy pool, and the raiders' lawyers got a judge to freeze ~$12M on a Friday-night.
https://t.co/MhFNhoogJT
Reality check on Uneasy Money: the crew says the Solana proposal may not make SOL fully deflationary, more like cutting staking yield from ~8% to ~3%.
https://t.co/MhFNhoogJT
Now on Uneasy Money: Luca Netz talks Solana's burn fight: "a token that inflates is obviously bad for price." There are now three proposals to cut SOL's inflation.
https://t.co/MhFNhoogJT
Why Polymarket won where others didn't: earlier teams like Augur "tied themselves into knots" on oracle edge cases. Polymarket offloaded resolution to UMA and took off. The Uneasy Money crew on the tradeoffs.
https://t.co/MhFNhoogJT
@LucaNetz's fix for Polymarket's dispute mess: a "SEAL Team 6" unit inside Polymarket built just to resolve these edge cases. Uneasy Money, live now:
https://t.co/MhFNhoogJT
On Uneasy Money: MicroStrategy clearly sold the BTC, just didn't announce it inside the window. The crew's verdict on the market: "this market, like many polymarket markets, was poorly worded."
https://t.co/MhFNhoogJT
We're live! This week on Uneasy Money: a broken prediction-market oracle, a SOL-burn deflation fight, a frozen confidential-USDC pool, and ICE's CEO calling an 11-person DEX bigger than Nasdaq.
https://t.co/MhFNhoogJT
New Uneasy Money: a $50M Polymarket market is resolving "No" on an MSTR Bitcoin sale the 8-K confirms happened.
@kaiynne, @tayvano_ and @LucaNetz on broken oracles, Solana's burn fight, frozen "private" USDC, and whether Hyperliquid is bigger than Nasdaq.
Live today 4pm ET - Join us on: X - https://t.co/2gpjhnTjGX
Which is why we still bother making @bitsandbips every week.
Next week, the transition happens: full episodes move to the Bits + Bips channel. Segments will still run on Unchained for several weeks while subscribers make the move.
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In today's Unchained Daily newsletter:
๐ Bitcoin cracked $65K as fear gauge posted February-crash-level spike overnight
๐ฏ Galaxy opened OTC prediction markets with $10M CLARITY Act bet
๐๏ธ Sanders and Warren targeted Trumpโs crypto 401(k) opening plan hard
๐ฎ๐ท Treasury hit Nobitex and Iran crypto rivals in sanctions sweep
๐ฉ Donโt miss outโread here & sign up for daily updates!
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