>>62131321Yes, i am glad vb realized after 5 fucking years(i told this from the beginning) that l2s are a bunch of faggott bss so he can finally start to fucking scale the fucking mainnet!
>>62131321future of finance
>>62131343Binance
yes, layer zero lets you set your own validator set and in practice that means retarded """"devs"""" just set up something completely retarded and centralized like this. it's an embarrassment
letting 3rd worlders onto the internet was a mistake
and of course somehow it's 2026 and rate limits are still a mystical concept, and these assholes can't be bothered to implement simple sanity checks preventing hundreds of millions of fucking dollars being flash-minted into existence
>>62131343I'm starting to believe EVM is just a large-scale pig-butchering scam.
Just use Chainlink
>>62131360>layer zero lets you set your own validator setYeah but they mislead by taking single points of failure and labelling them as "Decentralized Verifier Networks".In this case it was a single validator run by LayerZero themselves.This wasn't user error, this was LayerZero's fault through and through.
GoodShould have used Chainlink
>>62131349Seven.
A crypto youtuber I follow who gets rekt on every single hack and exploit (he loves passive income and borrowing on lending markets, taking dumb as fuck massive risks just to get a few more % lmao) is also a turbo bull on ETH and all their restaking shit and was heavily into stETH and rsETH just to get some "comfy" % in passive income. He's probably shitting bricks right now. I can't wait to see the cope in his next stream lmaoSeriously, why do people take such dumb risk just to earn 2% in "passive" income? It's insane to me.
>>62131321So basically the only option is to use Chainlink ccip for anything beacuse even if you some competitors for low Risk shit they can fuck Up so bad that can rekt your reputation. Tbh the clarity Act Should included a point where if you use anything else than ccip for Cross chain shit you Should be viewed as a bad actor and forced to watch while Ari gives sexual pleasure to your fat momma
Chainlink solves this.
artemis won
BAHAHAHAHAHHAAHHA DOOD LOOK AT THE ABSOLUTE STATE OF CHAINLINK "KILLERS" LMAOOOOHOW MANY MILLIONS HAVE BEEN DELETED BECAUSE THIRD WORLDERS TRYING TO SET UP MAKESHIFT BRIDGES AND ORACLES??FUCKING AMATEUR HOUR IN HERE. I JUST HOPE EVERYONE INVOLVED KILLS THEMSELVES DUE TO LOSING EVERYTHING.
lego finance = let go assets
Aave currently offering 13% to deposit USDC. Am I correct in assuming that I wouldn't be able to withdrawl my USDC until this whole thing blows over or how does this work?
>>62131330>genuineSlop detected
>>62131321
>>62131435>Seriously, why do people take such dumb risk just to earn 2% in "passive" income? It's insane to me.For real, if you want retardio% apy in a sketchy protocol you may as well just shove into strc for 11% since at least someone physically has to press a button to mint new shares, pay out divvies, etc there vs hostile actors flash minting a gorillion new dollars out of thin air because a faulty line of code let them. Every single crypto hack ever has just reinforced the fact that friction and human intermediation are good things and turning the global financial system into a perfectly democratized, trustless, deterministic engine accessible to and buildable by everyone is a horrible, horrible idea.
chainlink wins again
>>62131321Another fuck up for chainlink!
>LayerZero running a validator on the LayerZero protocol counts as a "third party"the cope is fucking unreal
97.25% of LayerZero bridging happens through "networks" of 1 or 2 validators; and often one of them is LayerZero itself.LayerZero is about to disappear off the face of the earth, isn't it?
>>62131870Kek
https://x.com/chainlink/status/1860399669320515995If only you could have foreseen this, oh well. Guess it was just impossible
well shit, this is just my luck. I'm supposed to go to vancouver to interview with them for a SRE job next week. probably for the best living in canada would suck anyway
>>62131870They were already hacked some time ago and they already got some fresh VC money I think that's why they didn't disappear that time, will be fun seeing the VC cope now, seems like the standard strat is now blaming the users/apps. What's funny is how this absolute shit project got to work with the DTCC just fucking lol.
>>62131870reminding everyone that layerzeros cool custom modularity was always stupid af. Their default is literally 1 "D"VN with kelp being retarded and not using multisig on that pool
>>62131435is steth busted? I thought it was ok but not the "Wrapped" shit
>>62132425any eth or wrapped is affected technically depending on how bad it really is ie how much they can cover or get by layerzero or kelp assuming responsibility. first and foremost the umbrella pool of aave will get cut likely
update since no one bothers.
>>62132554>since no one bothersSuck a dick
Buy Flr
>>62132554whats rsETH. r staked ETH? what does the r mean
Kek layer zero. LmaoCan't wait to see Cardanzo get fucked by pyth "oracles" next. Pay up Charles Hoskinson you fat nigger fuck or this will be the future you chose
>>62133327looking forward to many videos of charles griping
>>62131405ikr! they could have just used Chainlink
>>62131574>>62131441HE DELETED THE "BURNING IT DOWN" POST HAHAHAhttps://x.com/i/status/2044931776053723305
>>62133323restaked staked ETH I see.
>>62133323funny rehypothecation
>>62132255>this absolute shit project got to work with the DTCCThat's just fucking insane.
And I still can't get over the fact that LayerZero calls individual validators "networks".How did anyone ever take this shit seriously, how?
>>62134602Yes, and this ironically makes Chainlink look less serious to me because if absolute shit like LZ can work with the DTCC then that means they are for sale if you know what I mean, so it's hard to know if all the pilots mean shit or not.
>>62134656>makes Chainlink look less serious to me because if absolute shit like LZ can work with the DTCCWhat makes Chainlink look serious is not having ridiculous weaknesses and inevitable hacks. Moreso than working with DTCC.What makes LZ look unserious is not knowing that you can't "network" by yourself.It 100% looks like DTCC added a Chainlink alternative "pro forma", to prevent accusations of favoritism. Much like the US dept. of commerce also threw in Pyth when they adopted Chainlink for their economic data.But this political correctness is going to cause a lot of harm.
>>62134689the only thing this proves is that DTCC partnerships mean jack shit, no way around it
>>62134762It means the opposite: institutions like DTCC need Chainlink and only Chainlink more than ever.Using any competitor is a massive risk.
>>62134768it means the opposite: institutions don't give a shit about teh tech and are willing ti partner up with anyone who offers them compensation that is literally the entire CLL modus operandi
>>62134828>that is literally the entire CLL modus operandiCLL's modus operandi is not having ridiculous weaknesses and inevitable hacks.Also part of their modus operandi is apparently asking a lot of money for their services, to the point where people like Charles can't even pay up.
>>62132464You're affected if you want direct liquidity, if you're willing to wait to unlock your stETH, you don't care, there is no backing issue.The problem is people that held rsETH, and especially the ones holding it on Arbitrum as they'll have to pay a premium to get back on Ethereum (price of rsETH on Arb is zero from what I see).The rsETH pooling contract is on Ethereum and thus all rsETH minted there are fully backed.
>>62134954It's as if all holders of rsETH on Arbitrum were forced to bridge, and sell on Ethereum.It then rippled out to all other chains as a 20% haircut.
>>62133323Since Ethereum validators are so trusted, they came up with the idea of extracting more by using that same stake and use it as a validation engine for other protocols.Understandable as it extracts more, and makes capital more efficient, but increases the risk substantially for rsETH holders.Underlying staked ETH gets slashed, you lose your rsETH, and if rsETH gets slashed, you lose a part of your stETH, at least as I understand it.
>>62134689>It 100% looks like DTCC added a Chainlink alternative "pro forma", to prevent accusations of favoritismMaybe it's this, optimistic take.>the only thing this proves is that DTCC partnerships mean jack shit, no way around itBut yeah this is how I'm feeling.
>>62134689>>62134984Did we all already forgot about this xeet? All speculating they can't talk about CL for favoritism, yet they drop a joint comm. with LZ.Is LZ or Chainlink the pro forma alternative? I even remember their Global Head of DTCC Digital Assets(tm) kinda spitting on CLL by doing a retweet or mention to a linkie that got mad or whatever.Absolute joke.
>>62134984>optimistic takeIt's the only realistic take.If you could just buy institutional partnerships, Ripple would be the absolute king of institutional partnerships; they have the deepest coffers in all of crypto, and present themselves as the institutional crypto. Instead they have next to nothing.
>>62135019They literally made a video talking about LINK after that, for some reason they didnt include Chainlink on that videos tweet tho.
>>62135019The first sentence in that xeet is basically DTCC admitting they're working with LZ as an "also ran".They did countless talks and press releases with Chainlink before this.That said, they deserve to get exploited if they keep working with LZ after this shit.
>>62135043>They literally made a video talking about LINK after thatAnd they did that because nicu sperged out lmao, what a timeline we live in.>>62135019>All speculating they can't talk about CL for favoritismRetard, they have talked about chainlink plenty. Keep up.Problem is that we now know all partnerships are bought and paid for, so that DTCC x CLL bs doesn't mean anything at the end of the day.>>62135024>If you could just buy institutional partnerships, Ripple would be the absolute king of institutional partnershipsNot rlly, Ripple is basically blacklisted at this point because the institutions really don't want to be spammed to dead with uber driver rambles all day if they give them an inch they'll take a mile you know
>>62135043>>62135056I guess I agree I'm just a salty small retail investor and they didn't play the social network game, I understand why people go to VCs for investments.90% of Chainlink's ICO was in a closed of pre-sale, and 10% public with a minimum $100K chip.
>>62131321Just bend the knee you dumb faggots
>>62134762/thread
>>62135337>Chainlink competitor shits the bed>"ACKCHUALLY THIS IS BAD FOR CHAINLINK"
Interesting I just checked a random fund that participated in 10s of ICO back in the day, chainlink, filecoin, qtum, algorand, polkadot, loom, 0x...Of all, only Chainlink had a decent ATH and didn't completely crater.
you know shit's bad when the advocate oversees every thread and performs damage controltruth is self-evident niggers, if you're always trying so hard to correct the record, something's offthat anon was 100% right, all those partnerships and pilots and trials are all bought and paid for
>DTCC PARTNERSHIP WITH CHAINLINK IS A VERY BIG DEAL GUISE!>the same exact partnership with LayerZero means nothing!!!!the mind of the deranged shill ladies and gents
>>62135500>>the same exact partnership with LayerZero means nothing!!!!It might have meant something if we all hadn't know for years that their product is absolute dogshit and a disaster waiting to happen.Et voilà.
>>62135024>Instead they have next to nothing.Except for 13x the MCRent free baggie
how is this shitcoin not down 90% yet
>>62135618The fact that it hasnt is more proof its a scam.
>>62135493>t. LayerZero house nigger trying to hold his shitHow's the weather in Nigeria? How come they couldn't hire an American? With all the money your bosses saved on security and audits, im sure they could have kek
>>62131321>muh decentralized financeHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHA
>>62135618They control all the volume. The game is theirs. They deal the cards.
>>62135376>competitorLOOOOOOOLChainlink has no competitors.
>>62135591>>62135618These two facts are why crypto is a laughing stock; dead ghostchains are rewarded, and massive failures aren't punished.It's extremely obvious that the crypto market is manipulated out the ass, chasing away investors.
LayerZero is fuckedhttps://x.com/KelpDAO/status/2046332070277091807
>>62131389the fuck is EVM?what's with all the acronyms lately can't you just be fucking normal
>>62136707ethereum virtual machine; which is what all these web 3.0 decentralized apps are built on top of
>>62136707NEWFAG
