That's the spirit! h/t Sam Priestley

This wasn't fixed in time and now 4m bac is stuck in treasury. So the real circulating bac is only 50k.

Is this is a defi right of passage or the end to a very short career?😳All funds are safe. Thanks samczsun for keeping an eye out for newbies like me.

1 Tweet (short) Cover Protocol Exploit Summary: 1. Deposit LP tokens to Blacksmith contract 2. `pool` var saved in memory 3. `pool` var updated 4. Unfortunately, un-updated `pool` var used in `_claimCoverRewards` Will share more in Rekt News post and full report. h/t Sam Priestley

As always Emiliano Bonassi and Sam Priestley are a class act helping today with the Cover Protocol situation. Going above and beyond to uncover the root of the exploit and come up with a proper fix. Quality and educational research for devs in the space

More than six people knew about the COVER exploit. And only one decided to try and stop it :(.

Say what you want about cefi, this is a power a move. Well done ser

UUPool is using this contract to do free arbitrage. When they mine a block they put their arbs at the front with zero transaction fee. etherscan.io/address/0xc35d… The era of MEV has begun :(

Maybe I'm not quite out a job just yet...

I've only ever learned how DeFi protocols work by trying to profit off of them or arb them. I've never read a blog post and said "oh cool yeah I totally get that." If you're trying to learn about DeFi, try to game the system and see where the failsafes are.

DM trach if you want to help with the user-facing part of Yearn.

I sent some! etherscan.io/tx/0x1d700574a… You should too! GiveDirectly is doing great work in distributing funds directly to the world's poorest. They take crypto: donate.givedirectly.org (they don't yet take DOGE directly but maybe that can change☺️☺️)

Pro tip: using WETH instead of ETH for trades on uniswap will save gas. (Roughly $10 per uni transaction at 140 gwei).

Fun observation on BscScan: the rate of transactions on BSC is so high, they have trouble keeping up with parsing all internal trxs. Go to this page and start refreshing, you will notice 20h+ old transactions appearing on the top bscscan.com/address/0x516c… /credit Sam Priestley

@doug_storming Instead of snow days we have... gas days?

Idk who needs to hear this but: quit your job and come work in crypto. I took a massive pay cut to join this industry. My first job at Maker paid about a third of what I was making before that. It was the easiest & best decision I’ve ever made. I have never once regretted it.

Very very clever

Gas saver tip: ⛽️💸 Looking to dump a token once on Uniswap? (ex: dumping an airdrop) Instead of sending a token approval for infinity, approve exactly the amount of tokens you have. The swap will set your approval to 0, and you'll get refunded 15,000 gas, saving about $2.

H/T Sahil Bloom