señor doggo 🏴🏴☠️
@fubuloubu
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Just a Doggie, Former hooman Got treats for days 😎 Building @ApeFramework Contributor @vyperlang, @yearnfi
(headquarters unknown)
Joined October 2019
The Solana wallet hack demonstrates why it's irresponsible not to have open source code in crypto. Researchers have been working around the clock to discover what the issue is and can't because the code is closed source. Hundreds of millions lost due to unnecessary IP protection.
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I'm sure someone else has explained this, but it is just so cool and I want to explain how this works.
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The worst thing about the Curve hack is this is not something a typical researcher would have looked for, they dug *deep* in our release history to find an exploitable issue for a large protocol with many millions at stake. This took a significant amount of time to identify.
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"I heard crypto is a scam and NFTs are boiling the oceans, therefore we should outlaw it because it is bad for humanity".- some TradTech bro who invented the algorithm that causes 15% higher rate of depression for a 3% increase in ad revenue.
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JP Morgan has paid more fines for illegal activity in 10 years than the entire TVL of DeFi to date.
JPMorgan CEO Jaime Dimon Says Bitcoin Regulation Is A Serious Emerging Issue. Dimon said in a shareholder letter that clear-cut regulation regarding #Crypto and fintech "shadow banks" is needed more than ever before.
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I have a feeling when the NFT market finally rugs, it's gonna rug extremely hard.
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After 4 months and 8 design iterations, v2 Vaults are finally live! So proud to see this extensive redesign in action!. All part of the larger v2 redesign of Yearn. A lot of moving pieces all coming together at last!.
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The biggest threat to Ethereum right now isn't "ETH killers" or Bitcoin maximalists, it's burn out. Take a break this weekend, get some fresh air, see something beautiful.
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TradFi "solves" MEV by making it illegal. With DeFi, we are trying to find different ways to avoid MEV without regs and laws (which break). MEV is inherent to any system where a profit can be made from privledged access to a system's operation. No blockchain has "solved" MEV.
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@elonmusk @BTCsessions @TeslaGong @wintonARK What if I told you that you could create a new company in 30 mins or less: board (via multisig), shares (via ERC20), voting rights (via Snapshot), etc. Then what if I told you that you could earn network equity and voting rights in promising new applications, simply by using them.
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My love language is fighting the Orwellian desire for perceived safety against rival state actors and criminals by applying increasingly absolute financial surveillance and appeal to authority vs. doing my own research
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BSC fud is easy:.- Binance runs all the validators.- Binance engages in anticompetitive behavior, and regularly flouts regulators through increasingly convoluted regulatory arbitrage.- BNB is an unregistered security.- Imagine 100x'ing your volume in a month without wash trading.
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FEI is gonna pivot to an on-chain ETH fund the same way MicroStrategy pivoted from whatever the fuck they used to do to being a BTC fund.
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MCDONALD’S USA SAYS IT WILL BE OFFERING EMPLOYEES THE OPTION TO RECEIVE SALARY IN BITCOIN, SO YOU CAN STACK SATS WHILE YOU FLIP BURGERS.$MCD.
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I hope this is helpful to people. This is a really complex new feature from @CurveFinance, but one that unlocks something really awesome, and plays to it's strengths as a high-valued swap engine (and popular yield lego!).
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A production and very legitimate use of Tornado:. Devs will often fund brand new accounts from Tornado in order to launch a new protocol because if they don't, due to the public nature of the blockchain, retail users will watch popular deployers for new contracts to ape in
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Please stop killing events. Y'all going to push all UI development and automation that uses subscriptions to use proprietary products and platforms, basically making decentralized UIs have terrible UX.
Is it worth removing events and moving to calltraces for Uniswap v4 for 1% gas savings on all swaps?.
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Be on the lookout for a formal YIP for the v2 Vault specification some time this week (hopefully). It will specify:.- expected behavior for Vault users.- Governance management expectations.- specialized roles within Vaults/Strategies.- rewards structure for Strategists/Governance.
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You can tell if a DeFi protocol is decentralized if there are way too many fucking UIs.
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This is the coolest thing. ETH is money.
9 rare CryptoPunks from @LarvaLabs own collection to star in our 21st Century Evening Sale this May in NY. All mint numbers under 1k and yes there is a rare Alien! Punks 2, 532, 58, 30, 635, 602, 768, 603, 757 #CryptoPunks. More at:
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This is actually pretty neat:.the Uniswap v3 licensing is controlled via ENS
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Change my mind: $UNI airdrop improved the productivity of the entire ecosystem more than any individual dev tool released this year. (because everyone bought new macbooks).
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I wanted to take a moment and thank the Ethereum community for investing in @vyperlang via @gitcoin Grants. We took a long-term hold strategy of $ETH a year ago, and we finally have enough runway for new full-time contributors to come aboard over the next few months. Thank you!.
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Literally everyone who thinks Solidity and the EVM is going to go away and be replaced by something newer and better have never programmed in C.
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Man, the vyper chats are absolutely popping off right now with ideas on how to improve things, so an issue like this never happens again. I would not be short vyper right now (if that was a thing you could do). Postmortem coming soon™.
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Solidity optimizoooor hot tip: charge $1k per 1 gas saved overall, and then just rewrite and deploy everything in Vyper. If they ask for the Solidity, just give them the decompiler output from Etherscan. They won't be able to tell the difference from handwritten assembly!.
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Imagine trusting your treasury management to "good guy" fund manager promising you 8%, then they turn around invest it into a ponzi scheme offering 20% (until it fails) and pocket the difference. Yowza. Meanwhile, managing treasury in Yearn you can see exactly where the money is.
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Shoutout to those who. think this vyper feature was untested: it was not. think that they would have caught this bug: it was in the wild for 2 years, why didn't you?. think an amateur would have found this: hindsight is a helluva drug. Go armchair quarterback somewhere else.
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I just created $GWEI (it's a fork of @acuestacanada's WETH10 with 9 decimals) so you can feel rich holding this promising new token!.
Pass the word around: 1 gwei is $0.000002429, you can get so much gains off of it (look how far below $1 it is!), and it's *literally* the token you have to pay for gas to execute *any* transaction on Etheriums.
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Alright, its over folks. EIP1559 is in. If you want to recoup your mining losses, MEV is how you'll do it. (Don't forget to tip your miner!).
Recently, @satofishi declared our official support for #EIP1559. Now, we would like to present detailed clarifications of our support of EIP-1559’s critical improvements to the #Ethereum ecosystem.
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Yearn yDAI Vault hack. 21:47:39 - discovered.21:57:53 - mitigated. ~ 10m14s response time.
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Devcon, but only for people who've been active for 5+ years. Spend a week without having to explain why the idea we've heard hundreds of times before is never going to work, and get to the real meat of issues facing Ethereum.
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Someone about to find out why algo stables don't work.
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Listening to @AndreCronjeTech's interview w/ @fintechfrank, struck with a thought:. A 24/7 financial market that never stops could not be run by a team of individuals in a particular jurisdiction. They would just burn out. It needs a global, distributed team to even just keep up.
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Personal achievement unlocked: paid off students loans!. (After way too many fucking years of paying lol).
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Solidity engineers will literally name-mangle their interfaces beyond human comprehension to save 8 gas in a 120k gas call than go to therapy.
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Interesting phenomenon happening in Ethereum:.We're starting to see some of the people who did really well since the last Bull market start to give back in the ecosystem, as independent angel investors. These people are making *actual* venture deals, expecting some (modest) ROI.
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I got angry with people constantly saying "but the rich get richer!" so I wrote this:.
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We have to stand together to solve these types of public goods problems, before they get much much worse. Personally, I had a proposal in the works before this event that would help improve Vyper by adding a bounty program sponsored jointly by users. I hope we can still do this.
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The most successful people in the Web3 space have the capacity to, more than any other technical or non-technical skill, weed through an astronomical amount of noise and find the right signals to invest their time, energy, and resources into. It is the only skill that matters.
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Imagine betting against Yearn. All the infra we spent 3 months creating makes it possible to churn out an entirely new farming strategy in one lazy Sunday afternoon.
A new wild vault has been spotted in the planet of apes! . It's $YFI farming season!🔵💿.
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Fight like hell to keep "accredited investor" lists and permissioned pools out of core DeFi protocol smart contracts. Push all regulated boundaries to the edge (e.g. DeFi app Frontends and exchanges). or else the dream dies with us.
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Just as a reminder, every single piece of smart contract code I've ever written is artwork demonstrating against government overreach in the financial services sector. I use Github as a platform for hosting that speech, and do not condone uses of that speech for illegal purposes.
My @GitHub account was just suspended 🤷. Is writing an open source code illegal now?.
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I don't know who needs to hear this, but one of the best things for Ethereum that can be done right now is supporting @vyperlang with significant, long-term funding so they can focus on delivering a 10x improvement in Ethereum languages and developer experience.
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Staking more than $2.3m, and don't feel like spending hundreds of thousands a year in gas costs, hiring a full team to deal with security vulnerabilities, and the mental load of keeping up with future trends?. Sleep easier with Yearn.
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"Don't worry, its just a test broh."."Its a private pool, don't worry broh."."Its only for Americans broh, just use a VPN broh."."Just run the UI yourself broh."."Its easy to qualify, just send them your documents to whitelist your address broh.".
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Many people involved in Crypto have strong principles, and those principles are clear:.- censorship is against the point of blockchains.- privacy is a human right.- freedom to transact and own assets without fear of confiscation.- we should work to increase freedom with Crypto.
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This is absolutely game changing, if you think about traditional tech architecture issues. Massively forkable infrastructure, like the `git clone` of backend database technology. Instantly "test on prod" seemlessly and with 0 downtime. Absolutely awe inspiring, the possibilities.
Introducing DeFi Simulation! 🧙♂️. Are you not using DeFi due to high gas cost? Try, Test, Trust, without spending a dime. User's GAS FREE environment to try DeFi without spending any real money. Powered by @TenderlyApp . Simulate @
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I remember some convos from DevCon that Max was basically raising all sorts of noise about Eth in order to negotiate a good exit into the Solana eco. Seems like it worked out pretty well.
Last week was my last week at Consensys. Today is my first day at @anza_xyz. I’m taking my talents to Solana. In my first 100 days, I plan on writing a spec for as much of the Solana protocol as I can get to, prioritizing fee markets and consensus implementations where I.
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I think it's on the order of weeks to months to find. The execution was fairly coordinated, perhaps by a small group or team. We might find more information soon, but I think it's reasonable to suspect that state sponsored hackers could be involved, due to the resources invested.
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Lmao. Haskell is over 30 years old, how was it not ready???
Where does @Cardano fit into #DeFi?. With a ton of capital available to fund dApps and smart contracts expected soon, what does @IOHK_Charles have up his sleeve? 🤔. Watch the whole video from @DirSchmidt and @alpgasimov here👇.
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This whole "let the lobbyists do their thing, they know more than you" thing is bullshit. It's about principles, and translating those principles into action. If someone refuses to explain their principles to you so you can have a discussion, they are not acting in good faith.
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@scupytrooples 2nd biggest heist in all of history, 2nd only to that time Saddam Hussein's son took $930m from the Bank of Iraq days before the Iraq invasion in 2003.
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One of my strongest opinions in crypto is that the EVM is winning the smart contract VM war. Watching three new zkEVM implementations argue over what makes them "EVM-compatible" just reinforces this opinion to me.
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@elonmusk @BTCsessions @TeslaGong @wintonARK *Then* what if I told you that you could find an array of animals to fill those board seats, from anywhere across the globe, people you haven't even met and probably never will, and work together on guiding that application forwards?.
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Let's assume stablecoins are all about to get served by the US gov't (makes sense, USD Fiat-backed coins have a huge regulatory compliance angle to them). We should encourage more use of ETH as the on-ramp into DeFi, just like how BTC was the on-ramp into Crypto pre-Tether.
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Imagine you could make a currency that works just off of code and electricity, which can be earned anywhere in the world, by anyone who wants it, and doesn't require oil, murder and the egos of the elites to keep it running.
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At long last, one of the hardest problems in crypto has been solved. No more will we be plagued by Vyper_contract!
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Phew, never forget that @ewarren, jpow, and Biden admin nuked three banks, 50% of the US startup ecosystem, millions of taxpayer jobs, and caused the Great Recession of 2023 all in an incredibly misguided attempt to remove the "useless" Crypto ecosystems access to financial rails.
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The EF criminally underpays it's top teams. It's not even funny. It should spin out anything that isn't research-focused into separate entities and bootstrap them with funds to grow their own fundraising streams and retain top talent.
how many more core devs have to complain about pay for people to take this issue seriously?.
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This is important. Absolutely no slippage, at any size. Swap $1m sUSD for $1m sBTC? flat 0.3% fee. Swap $10m sUSD for $10m sBTC? flat 0.3% fee. swap $100m sUSD for $100m sBTC? Well, there isn't that many synths in Curve, yet but you get the point. The only limit is the pool depth.
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As long as @Ledger's response (or people involved) to a PR crisis is to blame their own customers for the PR crisis, their problems are not gonna get better.
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The toughest unsolved problem in crypto is. Which chat should we use? Telegram or Discord?.
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Idea: the entire crypto space should geoblock the US to their UIs, but link to that coinbase website to help you find your congressperson to talk to about bad crypto policy choices with. Sends a message.
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The market has been contracting, which means opportunities for bugs is also contracting, which means black hats are looking for fresh, untapped sources to explore. I think that fresh, untapped source is now searching for compiler 0 days. That's terrifying for a number of reasons.
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Dan: "Today, I've resigned. ". Dan's GitHub:
According to this post on voice, Dan Larimer has resigned from block one (EOS).
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You know what? I just figured it out. The people focused on regulations see the parallels between DeFi and TradFi because they both share complexity (all finance is layered complexity). Complexity isn't what caused systemic issues like the 2008 crash, the lack of transparency is.
Very hard to see how policy makers just let that go when complexity was one of the causes of the financial crisis. I think the key point is that crypto no longer just affects crypto people. It's too big. It's real finance now.
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Contrary to this line of logic, BSC confirmed a long held theory that the EVM is an undeniable moat to Ethereum. The top used alt-chains to Ethereum all use the EVM, and that's not a coincidence.
@cburniske Ah, only the metrics that confirm your bias matter. The metrics that show Ethereum is losing popularity don't count?. That seems weird. Developers seem to love the cheaper fees and faster throughputs of the other smart contract platforms :).
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I'm really getting on board with the thought that "DeFi is moving from Ethereum to *other chains*" is another way of saying "liquidity fragmentation only leads to a Schelling point". No one can point to one *and only one* chain that is gonna migrate *most* Ethereum projects.
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St. Banteg, patron saint of plebs, deviser of merkle-drops
Your Eminence, distribution is served. 📟🕸 Claims are live. h/t @x48_crypto @BrownieEth @doug_molinam @milkyklim @lbertenasco @lehnberg @fubuloubu and others who helped
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After 6 months of this, Ethereum will have more (normalized) hashrate security than Bitcoin. Hands down. That's just how the economics of mining work. The most valuable chain is the strongest, and the strongest is the most valuable.
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Last I checked @SBF_FTX, Aztec isnt on any sort of regulator's list, and plenty of people have used it for legitimate means of privacy and education. Unless the user is confirmed engaging in other criminal activity, merely seeking privacy is not a "high-risk activity".
Recently, FTX froze a user account who sent coins to @aztecnetwork 's zkmoney. According to FTX, Aztec Connect - Aztec network / zk money has been identified as a mixing service, which is a high-risk activity prohibited by FTX.
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All this points towards the last issue: there's an incentive problem. No one is incentivized to look for critical exploits in compilers, especially versions released in the past. Only as far as it impacts end user projects can you apply for bounties, but thats a lot of hoops!.
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We can all feel ICOs making a comeback. They were one of the single best use cases for crypto (permissionless capital formation) but let's make sure to build good expectations into how they are conducted. Here are some things I wish became the norm during the 2017 boom:.
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Conveniently forgetting crypto was among the first donations to Ukraine defense efforts in the critical weeks before they were even able to organize official support. Would the defense of Ukraine have been able to wait until official support came? We will never know thx to Crypto.
I rang the alarm about sanctions evasion by Russia using the crypto platform Binance—and urged @TheJusticeDept to investigate potentially false statements it made to Congress. We need stronger crypto regulations to rein in illicit finance.
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Honestly, this is probably one of the most Optimistic programs I've seen in Crypto. Life-changing acknowledgement to the 501 projects getting a grant, who are going to re-invest tenfold into our ecosystem and make 2024 the best year yet!.
RetroPGF Round 3 results are here!. 30M OP was granted to contributors building the public goods that power the Optimism Collective.
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Regardless of the current state of devtooling, Truffle were absolutely the OGs and deserve a ton of respect for all their hard work and innovation through years past. Ethereum is better for having them around!.
No sugar coating this, it's been a challenging few months. The Truffle Suite will be sunsetting over the next 90 days. To all the developers who've supported us, thank you! It's been an absolute joy to strive with you & the Ethereum ecosystem for the past 6 years. 🧵.
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Most of you are going to have a good year, at least financially. Most of your peers are not. The world is going through a little something, not sure if you've noticed, it's gonna get pretty wild. Just. You know. Don't fuck it up worse when you're rich. Build something better.
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Second, compilers don't get reviewed or audited as much as you think. Most compilers are making significant and frequent changes, and that makes it bad for auditing. Even if there is a full codebase audit, it's out of date the more releases that are added after that point.
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Okay, so that's awesome. We have two building blocks:.1. Curve lets you swap like-assets with extremely low slippage and a low fee.2. Synthetix lets you convert synths to other synths, with no slippage and a low fee. What happens if we just. combine them?.
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This is a subtle point u less you know what you're reading: it should *never* be the case that there is a mandate to access DeFi through a centralized intermediary's interface. Devs should be allowed to build whatever interfaces they want.
8) In particular, it is *not* making claims about what DeFi devs, smart contracts, and validators must do. It’s looking to eventually establish guidelines about how e.g. FTX’s platform--or Fidelity's--could interface with DeFi contracts.
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Stop responding to @rohangrey et al and their crazy crackpot legal theories. It's just a waste of your time, they are never going to figure out why their theories will make bad law, nor do they care. Instead, focus on things you can actually control.
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