Today, we remember a legend.
On this day in history, Harambe would have celebrated another birthday. An icon that became part of internet history, American culture, and an entire generation’s timeline.
Tomorrow marks 10 years since we lost him. Ten years since the moment the world stopped scrolling and collectively mourned something bigger than a meme.
He became a symbol of loyalty, strength, chaos, unity, and the strange beauty of the internet bringing millions of people together for one cause: never forgetting Harambe.
Everyone remembers where they were when they heard the news. And somehow, a decade later, his legacy still lives on.
Gone, but never forgotten.
Rest easy to a true patriot. 🕊️🇺🇸
May 27, 1999 — May 28, 2016
Forever in our hearts.
Coach who can't make the college football playoffs asked about expanding the college football playoffs so more coaches who can't make the playoffs can make the playoffs
Florida State’s Mike Norvell on an expanded playoff: “24 is a good number. It would be a very competitive field being able to have some automatic (Power 4) qualifiers - whether it's half (the field) & then some at large & Group of 6 options”
Had a Jane Street interview in 2013 that still bothers me.
It was my 6th round. Final interview. The guy walks in carrying no laptop, no notebook, just a cold brew and what I later realized was a single IKEA tea candle.
He writes on the whiteboard:
food: $200
rent: $800
utilities: $150
candles: $3,600
family: dying
Then he turns around and says, “Optimize.”
I laughed because I thought it was a culture-fit bit. He did not laugh.
So I said, “Well, obviously you spend less on candles.”
He says, “Assume candles are non-discretionary.”
Okay.
I start building a model. Basic constraint satisfaction. Family survival as a soft penalty. Candles as a state variable. Maybe there’s an arbitrage where you buy wholesale paraffin and convert the $3,600 line item into inventory.
He stops me.
“You’re thinking like a consultant.”
That’s when I knew I was in trouble.
He says, “Give me a bid-ask on family dying.”
I say, “What?”
He says, “You’re long candles, short family. Where do you make markets?”
I try to recover. I say the real issue is liquidity: rent and utilities are fixed, food is elastic, candles are emotionally inelastic. Therefore the optimal strategy is to securitize future candle enjoyment and borrow against it.
He nods for the first time.
Then he asks, “What time do you sell the candles?”
I say, “Whenever the market is liquid?”
He says, “Be more specific.”
I say, “Uh… 10 a.m. Eastern?”
For the first time, he smiles.
He goes, “Every day?”
I say, “Every day.”
He says, “In size?”
I say, “In size.”
He says, “And what do we call that?”
I say, “Market manipulation?”
The room gets very quiet.
He looks disappointed and writes something down.
“No. We call it providing liquidity to candle ETFs during the U.S. cash open.”
I try to save it. “Right. Of course. The family isn’t dying because we underfunded them. They’re just experiencing temporary price discovery.”
He nods again.
Then he points back at the board.
I had missed it. The utility bill was $150, but candles provide light. You can zero out utilities.
I update the budget:
food: $200
rent: $800
utilities: $0
candles: $3,750
family: still dying, but now in a more capital-efficient way
He says, “How confident are you?”
I say, “0.95.”
He smiles and circles candles.
“0.95 huh?”
Then he asks me to estimate how many leveraged longs get liquidated if we dump $3,750 of candles at 10:00:01 every morning for 90 consecutive trading days.
Needless to say I did not get the offer.
both @aave and @LayerZero_Core have released long-form statements delving into the rsETH exploit, crazy that's its been over 48 hours and its still crickets from @KelpDAO
Update on rsETH incident:
@LlamaRisk has published a report outlining the rsETH incident, the immediate actions taken, its impact on Aave, and potential paths forward.
All service providers have been working to assess the two potential bad debt scenarios on the Aave protocol.
Aave DAO service providers are also leading an effort with ecosystem participants to address any bad debt. This effort already has several indicative commitments from various parties and we are grateful for the strong support we have received so far.
We will share further updates as we have them.
In the meantime, the full report can be read here: https://t.co/jy3BHZCa7b
the good news: there’s hardly any smart contract exploits these days
the bad news: there’s a lot of key exploits
painful phase for DeFi at the moment but i’m convinced we’ll come out stronger soon