It’s a slow process, but it’s inevitable
https://x.com/thevet/status/1932109354561572946?s=46&t=z86F6whDaMPeRB1OgD3yUQ
https://x.com/thevet/status/1932109354561572946?s=46&t=z86F6whDaMPeRB1OgD3yUQ
X (formerly Twitter)
dave ⟁⟁⟁ (@thevet) on X
OEV has been recapturing value for @MoonwellDeFi's users on @MoonbeamNetwork flawlessly for almost 2 months. Switching all feeds over to API3 will help improve amounts recaptured - Snapshot now live
All without compromising security - API3 has never misreported.…
All without compromising security - API3 has never misreported.…
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Don’t forget to call your Compound delegate today https://www.comp.xyz/t/oev-rfp-process-update-july-2025/6945
Compound Community Forum
OEV RFP Process Update (July 2025)
Background The original RFP took place between May 21 - June 4. A total of 3 submissions were posted: RedStone Api3 Chainlink Pt.1 & Chainlink Pt.2 The OpenZeppelin review posts are listed below—each vendor has replied briefly to their respective OZ feedback…
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New Proposal up for vote: Phased Diversification of ETH Holdings – Tranche 1 Execution
TLDR:
-Sell 1,200 ETH from Api3’s secondary treasury once ETH ≥ $4,000, convert the proceeds (~$4.8M USDC) to stablecoins, and deposit that USDC into the OEV-Boosted Morpho Vault for yield.
-Locks in ≥ $2,133 profit per ETH; diversifies the treasury without touching API3 tokens.
-Strengthens USDC reserves for ops; yield from the vault compounds future incentives.
-First of three planned tranches (3,600 ETH remain). ETH returns to treasury if target price isn’t hit within nine months.
-Executed via a 3-of-5 multisig (Burak, Andre, Ashar, Varia Law, Yondhi AB); sales may be batched to minimize slippage.
Link to summary:
https://bafkreidhmmquljszi7qx72467lcgwzcemj7wnrkmudozob6mrfylwtkz4i.ipfs.dweb.link
TLDR:
-Sell 1,200 ETH from Api3’s secondary treasury once ETH ≥ $4,000, convert the proceeds (~$4.8M USDC) to stablecoins, and deposit that USDC into the OEV-Boosted Morpho Vault for yield.
-Locks in ≥ $2,133 profit per ETH; diversifies the treasury without touching API3 tokens.
-Strengthens USDC reserves for ops; yield from the vault compounds future incentives.
-First of three planned tranches (3,600 ETH remain). ETH returns to treasury if target price isn’t hit within nine months.
-Executed via a 3-of-5 multisig (Burak, Andre, Ashar, Varia Law, Yondhi AB); sales may be batched to minimize slippage.
Link to summary:
https://bafkreidhmmquljszi7qx72467lcgwzcemj7wnrkmudozob6mrfylwtkz4i.ipfs.dweb.link
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