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The LLamas
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1111 collectibles | workforce & reputation marketplace | Woolish on builders
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The LLamas
03-26
Interesting to hear these alarms while the biggest number factorized by Shor algorithm was probably 21 by far. It’s good to do post-quantum cryptography if the algorithms carry other advantages though. But I feel that exploration of quantum computing may lead us to some scientific breakthrough more fundamental than “hacking Bitcoin” while being unable to hack it. Time will show, but instead of hacking things we will instead much better understand how Universe works
nic carter
@nic_carter
03-26
Elliptic curve cryptography is on the brink of obsolescence. Whether it’s 3 or 10 years; it’s over and we need to accept that The only thing that matters is how quickly blockchain developers recognize that they need to bake in cryptographic mutability into their networks This
Q
0.38%
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The LLamas
03-22
This is a weird 'exploit'. id=30, exploiter sends 100k USDC, mints 50m USR id=31, random guy sends 100k USDC, mints ~100k USR id=32, exploiter sends 100k USDC, mints ~100k USR id=33, exploiter sends 100k USDC, mints 30m USR Only a single SERVICE_ROLE that can fulfill these mint requests. There's no guardrails, no mint limit, it can freely choose what to mint. Insanity. We also suspect this is Resolv's no KYC mint ("slippage free swap") they offered on their website early last year, and it was later removed from the frontend: x.com/ResolvLabs/status/188218...… The options on what happened here to cause the abnormal mint are, based on what we can see: - bad internal oracle (manipulated/compromised/etc.) - insider job - key compromise twitter.com/yieldsandmore/stat...
USR
178.52%
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The LLamas
03-04
Biggest @yieldbasis rebalance in history! 🐋 First BTC rebalancing since Feb 16. $19M internal AMM volume, with the execution bot paying a 44 ETH tip to the block builder to secure the transaction. The Mechanism: The LEVAMM contract uses a dedicated rebalancing budget—funded by 50% of swap fees and interest from $crvUSD loans—to "jump" concentrated liquidity. This specific jump was designed to close 20% of the price disparity in the pool. Key Results: 🔻TRD* (Temporary Redemption Discount): Slashed from 17% to 8% for the WBTC pool. ⚖️PPS & Recovery: Rebalancing incurs temporary costs (swap fees and re-leverage premiums) which can shift PPS. However, this is a strategic investment: higher liquidity concentration now allows the pool to capture fees more efficiently, leading to a much faster recovery of value and balance.
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4.16%
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