codephobic's profile picture. auditor & security researcher at @openzeppelin. playing with http://usd8.finance. Tweets are my own opinion.

CodePhobic

@codephobic

auditor & security researcher at @openzeppelin. playing with http://usd8.finance. Tweets are my own opinion.

The newly released Chainlink runtime environment is essentially a coprocessor run by their decentralized node network (DON), I think a single beefy machine based coprocessor with ZK powered verifiability would be more efficient.

We’re excited to announce the launch of the Chainlink Runtime Environment (CRE)—the all-in-one orchestration layer powering the next massive leap in the adoption of onchain finance. blog.chain.link/chainlink-runt… CRE is already being adopted by the largest financial institutions and…



Exited all my @MorphoLabs positions, went smoothly without any issues. Will wait till the dust to settle before evaluating which vault to use again.


I found a bug in @StreamDefi codebase a few months ago when I was doing quick check before consider depositing, after a few twitter msgs @0xlawlol ghosted me and the bug was never reported nor fixed till today. It’s sad he just doesn’t care. We need better mechanism to call out…

the founder @0xlawlol openly admitted on the @TaikiMaeda2 podcast that their bug bounty strategy is to: 1. exploit the protocol first 2. negotiate afterwards 3. still call yourself whitehat after hearing that I stayed far away from this protocol



I have been following pears.com for a while, it is not getting the traction it deserves. I wish more projects get built there.


While we accuse tradfi for being evil, our defi system just keep losing tens of millions to hackers. This is irresponsible.


If @Wise dont adopt crypto, they will be irrelevant in the near future.

New wise logo just dropped

bjnpck's tweet image. New wise logo just dropped


here is how to use @DefiLlama to quickly assess current market sentiment of a token - just look at the quotes, if you are getting more money value after the swap, its likely more ppl are doing the opposite as you, pushing the liquidity pools out of balance, in this case…

codephobic's tweet image. here is how to use @DefiLlama to quickly assess current market sentiment of a token - just look at the quotes, if you are getting more money value after the swap, its likely more ppl are doing the opposite as you, pushing the liquidity pools out of balance,  in this case…

maybe the next defi tool we need is hack protection.

Maybe the next blockchain tracing tool tool we need is storage slot focused. Execution tracing is still the right answer for analyzing most things, but life could be much better when looking at complicated hacks if we could shift to looking at slot timelines and dependencies.



funny how this random mem coin PepeMon just transferred their own token to the balancer hacker's contract 30 mins after the hack just to grab attention. Dancing on the grave yards of each other, this bloody industry.


Looks like balancer might be hacked, currently 6587 WETH, 6851 osETH, 4259 wstEth, total value $70k, sitting in a newly deployed contract address here etherscan.io/address/0xaa76…


The issue with AI Defi yielders There are a wave of AI powered Defi yield protocols like @gizatechxyz @mamo @almanak and @ZyfAI_ . It is obvious they should deliver better yield comparing to manual managed defi vaults like @MorphoLabs, but there is a potential vulnerability here…


It is insane a lot of web2 services used phone numbers as auth, phone numbers are recycled once gave up, unlike email, it’s not safe.


It’s crazy some bridges are not using CCTP to bridge USDC, why would I pay a hefty fee to liquidity networks ?


What @doublezero is doing is similar to the Erie Telegraph Line for stock trading at the very beginning. This could be a default case for nodes, traders, arbitragers who need better speed.


Keep up the integrity for llama, and share more so the industry can see this.


Interesting to see how @rush_trade_app works, it looks like binary options which is illegal in tradefi, but crypto loves gambling anyway...


Most ppl I know avoid advanced defi strategies because they worries about underlying protocol get hacked.


to be honest as much as I love #reddit, posting on it is such a frustrating experience, the amount of rules is insane, I understand it is to stop spams but it does kill a lot of legit posts.


It wass obvious from launch #XPL was gonna crash. The project was airdropping and buying liquidity with #XPL like crazy - everyone knows it is a low game and it will crash you if played at large scale.


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