Michael Bentley
5,180 posts
Michael Bentley
@euler_mab
Ethereum
Joined September 2020
- Replying to @wassielawyerI feel gaslit as an outsider. It’s so wild to watch. Political discourse keeps sinking to new lows. It’s not enough to dislike Trump’s brand of politics and point out the flaws in his character and ideas. No, he needs to be literal Hitler.
- A year ago Euler had under $4m in deposits. Today Euler has almost $4b. We’ve spent a minuscule fraction of what others have to get here. We are relentless. We are just getting started. More coming soon.
- A few words about recent events. These have been the hardest days of my life and I’m absolutely devastated for everyone who’s been affected.
- If you are borrowing ETH ahead of the Merge, you might want to read this. With just a few days to go we can see more clearly what DAOs are doing to prepare and how it impacts lenders and borrowers.
- Let's have a conversation about how to manipulate @Uniswap v3's time-weighted average price (TWAP) oracles. How would you do it? How much would it cost? How much profit could you make? Read on, or check out my short paper here:
- A lot is being said about the stETH/ETH price peg right now. Here's some thoughts on how we got here, and what can be done in future to prevent similar issues arising.
- That stress test was wild, but DeFi worked flawlessly. No emergency circuit breakers. No regulatory interventions. Just free markets and code. A major upgrade on legacy finance.
- My favourite crypto lore is the guy who lost $1m on his MEV bot and had to negotiate with a competitor in discord roleplaying as a pirate to get some of the money back.
Probably my favorite early crypto lore. "Anyone can kill your contract" -I accidentally killed it - Capital controls. Wow. I used to say the UK was a great place to launch a crypto-related business, but you’d be mad to launch one here now to be honest.
- Pretty depressing to see Vitalik throw OGs under the bus like this so nonchalantly. These are the people that brought real value to Ethereum and to crypto more generally. Not to mention making Vitalik enormous amounts of personal wealth. @StaniKulechov and I did a big cryptoWhat Ethereum needs is a lot of young blood who shared the cypherpunk vision. All OGs are jaded. It’s on the next generation now.
- DeFiLlama is now showing annualised incentives: - Euler $3.13m - Morpho $118.49m - Aave $130.73m
- Friday night. Locked in with a solo pint fixing the inverse solution function to f() for EulerSwap, waiting for a million fuzz tests to run, ready to go watch my daughter do some kind of ballet performance in 20 minutes. You can just do things.
