Forwarded from Ben Based - Gambles
Thank you God! you are amazing 🙏
Thank you for never abandoning me.
Thank you for always keeping me as grounded as possible. Only I know how much money I’ve missed out on in this market by choosing to build something with real value. So many times I felt tempted, and you always brought me back to the right path.
Thank you for never abandoning me.
Thank you for always keeping me as grounded as possible. Only I know how much money I’ve missed out on in this market by choosing to build something with real value. So many times I felt tempted, and you always brought me back to the right path.
Forwarded from Pavel Durov (Pavel Durov)
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Forwarded from Ben Based - Gambles
0x968dC061290f76f90B3b939cC9380D47d79A54C5
Moonkin is a memecoin inspired by the Moonkin character from World of Warcraft a creature deeply connected to Vitalik Buterin, the creator of Ethereum. When Blizzard nerfed his favorite character, Vitalik experienced firsthand the pain of centralized control. That moment sparked the idea for Ethereum.
Moonkin is a memecoin inspired by the Moonkin character from World of Warcraft a creature deeply connected to Vitalik Buterin, the creator of Ethereum. When Blizzard nerfed his favorite character, Vitalik experienced firsthand the pain of centralized control. That moment sparked the idea for Ethereum.
It is highly unlikely that
@aave
will collapse entirely, but it is currently facing its most severe existential test since inception.
1/ Aave’s TVL sits at approximately $27.3 billion. The debt of $177 million represents roughly 0.65% of the total assets managed by the protocol.
The debt is concentrated in the WETH (Ethereum) reserve, the impact is felt acutely by ETH depositors rather than the protocol as a whole.
2. The Umbrella Safety Module, upgraded in June 2025, is the reason the protocol stays solvent. If you are a staker in the WETH Umbrella Vault, you are currently being "slashed." Your staked WETH is being permissionlessly burned to repay the bad debt.
The WETH Safety Module currently holds about $50 million. This covers only ~28% of the bad debt. The remaining $120M+ will likely have to be socialized among aWETH stakers or covered by the Treasury.
3/ Aave is effectively in an "operational freeze" mode. The Aave DAO Treasury currently holds about $83.5 million in liquid assets (stablecoins and AAVE tokens).
rsETH and WETH markets are frozen across Core, Prime, and Arbitrum deployments.
While you can’t easily move ETH in or out of these specific pools right now, the rest of the protocol (USDC, GHO, WBTC) is functioning normally. This isolation prevents a "LUNA-style" total spiral.
4/ Aave WETH stakers and suppliers are currently facing a significant "haircut" that will likely take months of governance and revenue-redirection to repair.
Disclaimer:
I wrote this because my community asked me for my comments. I have no prior knowledge of, or affiliation with, the team behind it. I am sharing this perspective solely because my community requested my opinion. This content is for informational purposes only and does not constitute financial, investment, or trading advice. It is also not intended to spread fear, uncertainty, or doubt (FUD) about the project. Always conduct your own research (DYOR) and consult a qualified financial professional before making any investment decisions. I assume no responsibility for any outcomes or losses resulting from the use of this information.
Source: https://x.com/anndylian/status/2045797513782002073
@aave
will collapse entirely, but it is currently facing its most severe existential test since inception.
1/ Aave’s TVL sits at approximately $27.3 billion. The debt of $177 million represents roughly 0.65% of the total assets managed by the protocol.
The debt is concentrated in the WETH (Ethereum) reserve, the impact is felt acutely by ETH depositors rather than the protocol as a whole.
2. The Umbrella Safety Module, upgraded in June 2025, is the reason the protocol stays solvent. If you are a staker in the WETH Umbrella Vault, you are currently being "slashed." Your staked WETH is being permissionlessly burned to repay the bad debt.
The WETH Safety Module currently holds about $50 million. This covers only ~28% of the bad debt. The remaining $120M+ will likely have to be socialized among aWETH stakers or covered by the Treasury.
3/ Aave is effectively in an "operational freeze" mode. The Aave DAO Treasury currently holds about $83.5 million in liquid assets (stablecoins and AAVE tokens).
rsETH and WETH markets are frozen across Core, Prime, and Arbitrum deployments.
While you can’t easily move ETH in or out of these specific pools right now, the rest of the protocol (USDC, GHO, WBTC) is functioning normally. This isolation prevents a "LUNA-style" total spiral.
4/ Aave WETH stakers and suppliers are currently facing a significant "haircut" that will likely take months of governance and revenue-redirection to repair.
Disclaimer:
I wrote this because my community asked me for my comments. I have no prior knowledge of, or affiliation with, the team behind it. I am sharing this perspective solely because my community requested my opinion. This content is for informational purposes only and does not constitute financial, investment, or trading advice. It is also not intended to spread fear, uncertainty, or doubt (FUD) about the project. Always conduct your own research (DYOR) and consult a qualified financial professional before making any investment decisions. I assume no responsibility for any outcomes or losses resulting from the use of this information.
Source: https://x.com/anndylian/status/2045797513782002073