Blub🤖
            
            @DeFi_Blub
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              New Account, old suspended degenerate - onchain analyst - DeFi explainer Building/sharing Tools to navigate DeFi (👇Linktree )
              
              Everywhere
            
            
              
              Joined January 2024
            
            
           The only upside from volatility on $S? Voters on Sonic eat good.... Still 2 days to go, @ShadowOnSonic has already ⁓double the fees than they emitting new tokens in the coming epoch 
          
                
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             Wallchain campaigns, ranked by how many Quackers are rewarded & amount of rewards allocated: idOS: Top 1000 - 1% of Supply HeyElsa: Top 500 - 0.6% of Supply Apecoin: Top 300 - 50,000 APE Kloutgg: Top 300 - 1% of Supply Limitless: Top 250 - 0.5% LMTS (~$1,700,000) Warden: Top 
           Wallchain campaigns, ranked by how many Quackers are rewarded: 1. idOS: Top 1000 2. HeyElsa: Top 500 3. Limitless: Top 250 4. Beyond: Top 125* 5. SCOR: Top 125* 6. Velvet: Top 100** 7. Analog: Top 80** *+10 random from Top 300 **+25 random from Top 500 are you on any of them? 
          
                
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             TLDR: @cookiedotfun had a major algo update Quality > Quantity ⚠️Farming gets filtered out, quality gets rewarded more Major Updates: • SNAPS → Mindshare: Quality over quantity - measures real influence instead of post count • cSNAPS → Capital Mindshare: Stake $COOKIE to 
           Cookie Just Flipped the Script on InfoFi @cookiedotfun has officially redrawn the map of InfoFi with their latest update. What was once a simple points-and-posts system has evolved into something bigger, smarter, fairer, and far more human. Snaps are gone. Mindshare is here. 
            
                
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             "Backing a stablecoin with another stablecoin backed by the first isn't finance - it's expensive performance art. @StreamDefi and @elixir got caught playing stablecoin hot potato. In one instance, Stream turned $1.9M into $14.5M xUSD through recursive minting. Story below." 
          
                
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             The Streamline debank shows a lot of leveraged positions with health rate 1.02  https://t.co/0FBIxREFCn 
          
          
                
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             Things aren't looking nice for @StreamDefi xUSD, from public adresses I can only allocate $144M in backing from 395M issued xUSD (There is no official proof of reserve ) Sad part is, varlamoreUSD on Sonic had 100% allocation to xUSD - $S users are affected Seems like the depegg 
           Markets on @SiloFinance seems not to be affected People are withdrawing funds from markets on @SonicLabs that could be affected, this causes liquidity to dry out (xUSD, varlamoreUSDC) xUSD seems to have less than 1% exposure to balancer, so it doesn't have a real effect on 
            
                
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             Just launched my Personal Mindshare Leaderboard on @wallchain 🦆 Massive thanks to everyone driving the most valuable mindshare with me this month: @build_on_bob – Discovery navigator @zethesx – Vibe stormcaller @trenches_bro – Narrative shaper @Jacktheoiler – Network synergy 
          
                
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             Great analysis about the balancer exploit from Intelscout, TLDR: 🔸Vulnerability was there since 5 years 🔸Root was at impoper authorization&callback handling during pool creation ➡️This enabled attackers to deploy malicious contracts Funds on @SonicLabs have been frozen and 
           Here is what we know so far about the @balancer exploit: 1. The vulnerability has likely existed for nearly 5 years since the protocol's launch, evading detection despite audits 2. The root cause seems to stem from from improper authorization and callback handling during pool 
            
                
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             gQuack fellow content creators How to maximize your reach without getting slashed as small creator 👇 Small accounts matter - if you are on @wallchain, drop a reply Mindshare is temporary, your network is forever 
          
          
                
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             That explains a lot about the “vanished $S tokens” from hackers’ wallets. As much as it invalidates the existence of decentralisation, the term itself became a meme anyway since every single project needs to comply with regulations to operate at an institutional level. If 
           To understand why all the $S in the hacker wallet is set to a ZERO, I took a look at @SonicLabs official github (link in comment). It is the newly implemented security policy where the foundation has authority to freeze a certain wallet account. There is a new smart contract 
            
                
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             To understand why all the $S in the hacker wallet is set to a ZERO, I took a look at @SonicLabs official github (link in comment). It is the newly implemented security policy where the foundation has authority to freeze a certain wallet account. There is a new smart contract 
            
                
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             The exploiter tried to swap STS to $S, but somehow his balance just disappeared without a further TX Any thoughts? Maybe @SonicLabs seizing funds? 
           Not sure what’s going on but I think @Soniclabs just zeroed the hackers $S balance and now he is unable to do any transactions 👀 Maybe someone a bit more technical can confirm what’s happening here but looks like SL or someone has stepped and pulled an uno-reverso on the hacker 
            
                
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             Markets on @SiloFinance seems not to be affected People are withdrawing funds from markets on @SonicLabs that could be affected, this causes liquidity to dry out (xUSD, varlamoreUSDC) xUSD seems to have less than 1% exposure to balancer, so it doesn't have a real effect on 
           Balancer v2 (+forks) exploited for over $100M+TLDR: Balancer v2 and it's forks are affected: • ETH → balancer → 70m • Arbitrum → balancer → 6m • Base → balancer → 4m • @SonicLabs → beets → 3.4m • OP → beets → 283k • Polygon → balancer → 117k Exploiter is 
            
                
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             gQuack fellow content creators How to maximize your reach without getting slashed as small creator 👇 Small accounts matter - if you are on @wallchain, drop a reply Mindshare is temporary, your network is forever 
          
          
                
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             This is the adress to follow for @beets_fi :  https://t.co/XrRDW0lVvp 
          
          
            
            debank.com
              Your go-to portfolio tracker for Ethereum and EVM
            
                
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