I just secured my Genesis Airdrop on @playcambria 🎁
Degen Score: 87
Legendary: 1 · Epic: 10 · Common: 10
Use my code 168a2dc9 to claim yours:
https://t.co/J58o8zvMXQ
Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface.
Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return.
The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox.
The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal.
Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space.
We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction.
The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.
I just requested someone to verify I’m human on @ethos_network
I’m looking for a qualified verifier to confirm my identity as part of Ethos Human Verification. If you’re an eligible verifier, reach out!
https://t.co/5edPbx2fMj
Just claimed my Reputation Score credential on-chain ✅
Build your identity, collect your own credential proof, and get rewards on MocaProof → https://t.co/jUQam40T55