Seraphim

i woke up today feeling bullish
lets fucking get it

honest opinion: a lot of these american ai pre-ipo plays are too expensive. retail will top blast at >1 trillion and get rekt
meanwhile chinese ai companies raising at 20-30B valuations. much better deal

peptides are the new steroids

the worst thing others can say about you is “unremarkable”

solana is organising a dinner for whales during BTC vegas
ping me on telegram if you are gonna be around

new yorkers are crazy
waitress would walk up to me and asks if she can have my airpod to listen to what im listening to
she has no idea how violated i feel

aave is going to be fine ultimately
they can easily raise money to cover the bad debt
the lending space will however evolve and become anti fragile

reading up incident reports from chaos labs, kelp, aave, layerzero and their conclusion is…
it’s absolutely NO ONE’S FAULT?
surely someone should bear SOME responsibility

some chernobyl level negligence occurred leading to this clusterfuck
i can assure you everyone is getting sued to smithereens
defi will survive but will either shrink or shift to cedefi and p2p lending

ngl feels like defi’s lehman moment

if this doesn’t resolve quickly it may be time to call tether and ask for a bailout
they will ask to give preferential ltvs to usdt and it might not be a bad thing

one viable course of action to save defi:
1. kelp rugs l2 rseth holders to save aave on mainnet
2. protocols listed as collateral pause all oft transfers until dvn is upgraded and rate limiting is added
3. hope lenders return

you can borrow stables against $500m of BTC today at 5-8% fixed for 3-6 months depending on your risk profile in CeFi
DeFi needs to offer more to compete with that namely:
- less counterparty risk
- fixed rates
- integration with custodians
rn is a defining moment to do it

goldman sachs bankers already working on setting up a lending market vs aWETH i hear