Vadim Makovsky🛡️

Founder and CEO @diffusefi – zkServerless protocol enabling trustless interoperability for Web3
ex CEO at @P2Pvalidator, early contributor to @LidoFinance

[Vadim Makovsky🛡️ @vadimicus]

Kelp DAO Exploit: Lessons in Multi-Source Risk Verification for Institutional DeFi.

Or

It real time for @DiffuseFi

[Diffuse Protocol @DiffuseFi]

The Kelp DAO situation highlights a critical design challenge in institutional DeFi:

complex cross-protocol assets back $280M in loans, how much data visibility is enough?

It's a question all of us building in this space need to answer.

[Vadim Makovsky🛡️ @vadimicus]

Congrats! The right person at the right time! 🎉✅

[ivangbi 🦞 @ivangbi_]

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 🙏

[Vadim Makovsky🛡️ @vadimicus]

Full pipeline of the Cap Strategy down bellow!

[Diffuse Protocol @DiffuseFi]

1/ How Diffuse Prime builds fixed on-chain yield using @capapp + @pendle_fi

Today - detailed strategy breakdown: CAP (PT-cUSD) 🧵

Let’s start with CAP itself.

[Vadim Makovsky🛡️ @vadimicus]

It took us a little bit longer than I had planned. But we are there! 🚀

[Diffuse Protocol @DiffuseFi]

1/ The First Prime Strategies!

Before diving into exact strategies, let’s rewind.

Our motivation was simple - every strategy must satisfy strict constraints:

• Simple interface
• Fixed yield
• Principal pay-back protection
• Minimal protocol risk exposure

No exceptions.

[Vadim Makovsky🛡️ @vadimicus]

There’s no such thing as too many audits.
Security isn’t an expense — it’s an investment. 🛡️

[Diffuse Protocol @DiffuseFi]

Huge thanks to @Hashlock_ for a thorough audit - every flow tested, every edge case checked. Proud to confirm our protocol is secure with zero critical issues. Ready to scale! 🔐🚀

[Vadim Makovsky🛡️ @vadimicus]

I personally really enjoyed the process and the level of detail the team brought while diving into what we’re building.

Especially proud to share that we had zero critical or high-severity issues identified. 🔐✨

[Diffuse Protocol @DiffuseFi]

Audit completed ✔️
Thanks to @MixBytes for the professional work. Our protocol is now confirmed secure.

Onward and building. 🚀

[Vadim Makovsky🛡️ @vadimicus]

You can dive deep into the paper or just skim the thread. Either way, I hope you enjoy it! 📚😊

[Diffuse Protocol @DiffuseFi]

For the paper lovers, here's a gem for you to dive into 📄✨

https://t.co/tsYjUWq0iQ

[Vasily Sumanov @vasily_sumanov]

Web3 is converging with TradFi: token revenue (finally!) matters, institutions buy DeFi tokens, RWAs move onchain, stablecoins reshape fiat.

Now prime brokerage is being rebuilt natively:
- non-custodial (I thought that it's basic stuff but in reality some risk curators are still custodial)
- Tech -> trust (zkTLS+offchain risk compute+onchain zk verification)
- Focus on minimizing the underlying protocol risk

Looking forward to see much more on web3-grade PB this year.

[Vadim Makovsky🛡️ @vadimicus]

@Chateau_capital gm!

[Vadim Makovsky🛡️ @vadimicus]

gm for the builders!

[Diffuse Protocol @DiffuseFi]

Gm diffusers!
We’ve been grinding for a while!

Drop a GM and let’s welcome the better market!

[Vadim Makovsky🛡️ @vadimicus]

I'm a happy founder with a product!

[Diffuse Protocol @DiffuseFi]

1) Hello World 🌍

Meet Diffuse Prime - the Uncustodial Prime Broker.
👉 https://t.co/UPudkuhONX

A new DeFi primitive designed for capital efficiency, verified risk, and transparent yield.

[Aegis @aegis_im]

1/ Introducing: jUSD.

An institutional-grade stablecoin designed to deliver reliable returns across all market conditions.

jUSD is built to earn consistent yield through a delta-neutral design, backed by JLP and hedged via derivatives.

[Maxim Moris @MaximMoris]

🤯 Check out @DiffuseFi Prime!

It’s a non-custodial prime broker that allows hedge funds to amplify yields up to 3× using overcollateralized loans.

They has already passed @Hashlock_ and @MixBytes audits.

According to my insides, several major deals are expected in THIS year.

[tanthai @tanthaip]

After a 192x oversubscribed round on @legiondotcc and 272x oversubscribed round on Binance Wallet totaling nearly $800m, $YB just TGE'ed

@yieldbasis is such a beautifully simple protocol by @CurveFinance 's founder @newmichwill that actually solves a real, massive problem in crypto

Here's everything you need to know:

Yield Basis lets you provide BTC as liquidity to an AMM pool without suffering from impermanent loss

--

A quick primer on IL:

If you provide liquidity to a traditional AMM, if the underlying asset goes up in price, you'll be missing out on gains

For example:

Say you deposit 1 BTC (assuming price is $100k) and $100k of USDC into a pool

If BTC doubles to $200k, your position would automatically get rebalanced to maintain equal value in each token, so you'll end up with ~.7 BTC and $141k USDC for a total of $282k

If you had just held your BTC and USDC outside the pool, they'd be worth $300k

That ~$18k difference is impermanent loss.

Yield Basis fixes this by using some clever math to make sure the value of your LP position tracks linearly to the underlying asset's price

(More details in my memo on @bidclubio here: https://t.co/aCx1NxhkCG)

--

The protocol just increased their TVL cap from $30m to $150m, and assuming the cap continues to grow to even just $1B, we can expect a fair token price of up to $6.6

Given how much demand there was for the presale, I imagine the market clearly understands this and we'll see people sizing in on dips when presalers start to offload

[Vadim Makovsky🛡️ @vadimicus]

@MacroMate8 Check out @DiffuseFi

[Vadim Makovsky🛡️ @vadimicus]

Yes, we’re definitely thinking about capital efficiency!

[Diffuse Protocol @DiffuseFi]

Diffuse and @vadimicus mentioned 🫡

"This isn’t just about optimizing existing yield—it’s about introducing entirely new asset types to shared security and unlocking revenue streams that were previously unavailable"

Dive in here: https://t.co/1jvAsTlm5R

[Diffuse Protocol @DiffuseFi]

1/ As usual, lots of great ZK news this week:

• 🗄️ @spaceandtime mainnet live on @zksync's Elastic Network. ZK-verified databases now onchain!

🔗 https://t.co/cUSBUqkNBW
🔗 https://t.co/PjSQGiPyfJ

They also released the whitepaper https://t.co/o9CXKEDLUk

[Vadim Makovsky🛡️ @vadimicus]

Two weeks of networking is not too much!

[Vadim Makovsky🛡️ @vadimicus]

@jinglingcookies @zkp2p @3janexyz @earnos_io @daisypayapp @NoshDelivery Check @DiffuseFi

[Vadim Makovsky🛡️ @vadimicus]

@DiffuseFi @symbioticfi @0xCapx 😍