this took a little while, but hopefully not too late for defi users.
Private beta officially open for usd8.fi, the first defi primitive offers free insurance.
Perks on offer during private beta
- x300 times insurance score rate for usd8 holders
- 3 boosters
Dm for an invitation if you haven't got one yet.
CodePhobic retweeted
rate watch - wstEth Cover Pool is now paying an APY of 117% in stable coin USD8, up from 70% yesterday.
still love this video - why there are so many shit ppl in crypto and how to fix it.
youtube.com/watch?v=nHLTB8C9…
while the whole crypto ecosystem is grabbing privacy as the next big opportunity, I have some doubts tbh.
I am pro privacy, but without building a proper enforcement layer, privacy will be the breeding bed for more crimes in crypto.
That could be the final nail on the coffin for this industry.
We need properly solutions, not naive approaches that expect everyone jump on privacy is of legit reasons.
❗️ Crypto mixer Railgun ignored a US lawsuit claiming it laundered North Korea's stolen crypto, and is now in default.
The plaintiffs are victims and families holding $865M in US terrorism judgments against North Korea.
Courts found it abducted a US permanent resident pastor in China in 2000 and tortured him to death, and backed Hezbollah's 2006 rocket attacks on Israel.
They say Railgun should have frozen North Korea's funds so they could seize them.
The FBI says North Korean hackers laundered $60M+ through Railgun in January 2023. The suit claims ~70% of the money it handled was North Korea's.
Ai will give rise to a new type of business, ones aren’t operatable by a single person, now it’s all possible. Businesses like
- super low margin businesses
- edge businesses operate in grey area
- business with adversarial compatibility
how to hack a defi protocol without consequences.
1. short the protocol token before the hack
2. hack the protocol, token price drops
3. exit short position, lock in profit
4. return hacked funds to the protocol and keep 10%