Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

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Co-Founder @redstone_defi Oracles ♦️ Summoner @ETHWarsaw

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Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

Liquidations, defaults, bad debt. Events of the last month showcase what's needed. Unified DeFi Risk ratings - coming to Morpho and Spark. The whole lending category will mature further with ratings. twitter.com/MarcinRedStone/sta...

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

Credora Risk Ratings by @redstone_defi are returning to Morpho. Curators can now opt in to independent risk ratings from Credora to help surface vault risks and provide users with additional insights to make informed decisions. Learn more ⬇️ twitter.com/MorphoLabs/status/...

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

DeFi Ratings is what this industry needs. It will come sooner than you think.

I had a conversation with @MarcinRedStone who spoke about the importance of having ratings in DeFi. From that conversation, which now seems prescient: "You could imagine a Morpho vault of Ethena SUSDe looping that is operated, for example by Gauntlet, we would rate that

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

Last 30 hours have been hard for DeFi. Here's a summary: 1. Moonwell $1M exploit, allegedly via Chainlink mispricing on wrstETH oracle. 2. Stream Finance xUSD goes down, with a ~$93 million loss of funds. 3. Balancer v2 and forks like Beets & BEX hacked for over $130M 👇

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

.@MoonwellDeFi has been exploited for $1M. The root cause was a heavy oracle price inaccuracy for wrstETH. Not sure if further malicious actions have already been prevented. Please be careful. Fingers crossed for the Chainlink and Moonwell teams in addressing the issue.

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

Following the Balancer exploit and vulnerability on BEX, Berachain validators halted the Berachain network. There's an emergency hard fork ongoing to address the exploit on BEX.

Berachain Foundation

The Berachain validators have coordinated to purposefully halt the Berachain network as the core team performs an emergency hard fork to address Balancer V2 related exploits on the BEX. This halt has been executed purposefully, and the network will be operational shortly upon

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

Balancer v2 exploit is still ongoing, alongside its forks. Close to $130M stolen so far.

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

RedStone Bolt is the electricity allowing for DeFi circuits on MegaETH. And the energized universe is ever-growing. twitter.com/MarcinRedStone/sta...

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

Birch Hill will cook. And their fire will be MegaETH & RedStone Bolt. By builders, for builders.

@RealBhavinVaid

We chose @megaeth_labs for engineering rigor, shipping cadence, and clear product taste. Grateful to @hotpot_dao and @amiralmaimani and the team for building a network and ecosystem we are proud to build on. OMEGA x.com/hotpot_dao/sta…

Marcin (wartime arc) 🔜 NYC DAS 🇺🇸

Did you know that USDC is the largest stablecoin on Solana? And PayPal's pyUSD just crossed $1B market cap. Read more in the Internet Capital Markets Report below 👇

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