Aave now holds 20% of all DeFi TVL.

Cooking @chaos_labs Some day I’ll be back on CT

$500K gone in 180 seconds. Chainlink just proved oracles are one of the weakest links in DeFi. Here’s what happened:

Optimizing asset prices subject to a generalized VWAP methodology, such that intra-block sandwich attacks can alter the state akin to large CEX trades, is inherently flawed. The on-chain implications of asset pricing cannot be applied in the same way as off-chain LOBs. Much like

Aave governance proposal 320 to activate the initial phase of Aave Umbrella is currently passing, and if so, is scheduled to be executed on Thursday. But what does this mean for the 👻 Aave ecosystem? A 🧵

i learned to trade here

Based on the configured deficit offset parameterization, the Aave DAO functionally acts as a capped equity tranche, with respective Umbrella reserves effectively obtaining more seniority while generating significantly higher relative returns than vanilla aTokens

Optimally pricing Umbrella emission curves is largely attributed to second-order measures such as opportunity cost of atoken rehypothecation and exogenous/underlying yield premium, as well as duration risk via cooldown

WFH (and cook from home) for a week due to war and cannot stress enough how much time buying takeout for lunch saves me each day

Pains me to watch Lu Dort play basketball

A bit of pride, but no feeling of accomplishment yet; hunger is still there. This is just another "Billy" milestone on the journey. Back to work. Just Use Aave.

1/ Stress Testing Ethena: A Quantitative Look at Protocol Stability We published a research paper on Ethena Labs evaluating how USDe and sUSDe perform under exchange failures, collateral stress, and the resulting risk to @Aave. Here are our key findings.

Extremely cool paper, highly worth the read

Auction theory makes me incredibly happy

The Angstrom v1 Whitepaper is live! Karthik Srinivasan, Ludwig, and ciamac moallemi provide a technical deep dive into the many intertwined mechanisms that collectively form Angstrom. Let’s dive in 🧵

We are reaching unprecedented levels of chart crime

Everyone is a risk manager on Twitter it seems

zoomer Unstoppable crime meets immovable scammer

Iykyk

Hello again crypto twitter, felt like a good time to post some of our Ethena-related research and risk oracle infrastructure, specifically in the context of Aave: Stress Testing Ethena (optimized delta-hedging framework in the event of an exchange failure subject to various