Paul Frambot | Morpho

Paul Frambot | Morpho

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Making finance a common good @MorphoLabs 🦋 - Farcaster: http://warpcast.com/paulframbot

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Paul Frambot | Morpho

Weather prediction markets will transform financing for ice cream shops. Model ice cream revenue assuming every day is sunny. Hedge it by shorting bad weather on your location. Clean cashflows. Bankable projections. Generalize to all seasonal businesses. Who is building this?

Paul Frambot | Morpho

Many posts about the Drift founder following the hack are straight-up misogynistic. No wonder so much female talent has left for other tech sectors. I haven't looked into the events of Drift, but Crypto's talent density is already too low, we don't need comments like that.

Paul Frambot | Morpho

No Sentora vaults or client positions were impacted by the exploit on Resolv today. We are monitoring the situation and will keep our clients informed as market conditions evolve.

Resolv has experienced an exploit that allowed the attackers to mint 50mn of unbacked USR. The team has currently paused all the protocol functions to prevent further malicious actions and is actively working on recovery.

Paul Frambot | Morpho

Hyperithm has no direct or indirect exposure to Resolv across all vaults.

Paul Frambot | Morpho

We're aware of the Resolv USR exploit. kpk had limited RLP exposure in some of our Morpho Yield vaults. Most kpk vaults had no exposure. DAO treasuries were unaffected. All exposed positions in impacted protocols were closed and withdrawn immediately. We continue to monitor the situation and will share further updates.

Paul Frambot | Morpho

We're aware of a security incident involving Resolv that has impacted USR. I want to reiterate that there is no vulnerability in Morpho contracts. They are safe and operating as intended. For guidance on vaults that may have exposure to USR or Resolv related assets, we recommend following the relevant curator communications. Vaults that do not have exposure to impacted markets are completely isolated from potential risks.

Paul Frambot | Morpho

At 2:21 AM UTC, Resolv’s USR contract experienced an exploit where $50M Resolv USD (USR) was minted for approximately $100,000 USDC. We will share additional updates as the team responds to the active situation and manages liquidity. Most Gauntlet vaults are unaffected. A few high-yield vaults had limited exposure. We are working to monitor liquidity and will continue to share updates.

Paul Frambot | Morpho

ℹ️ No Steakhouse vault (Morpho, Turbo/Term vaults, etc) is currently exposed to Resolv (USR, wstUSR). We were not allocating to RLP. Earlier today, we detected news that, unfortunately, Resolv had been exposed to a potential infinite mint hack. We are investigating the validity of these claims. Emergency response procedures safeguarded all exposures on all chains. We're monitoring the situation for second-order effects and pending confirmation of impact.

Paul Frambot | Morpho

TLDR: free markets find better rates → Higher utilization → Less idle capital → Higher yield

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