Pinned
Robdog 🍾
3,461 posts
Robdog 🍾
@robdogeth
Building @corkprotocol - The Tokenized Risk Protocol
Prev founded @toucanprotocol and Vultus (acquired)
- stETH is experiencing a sustained depeg - let's dig into the mechanisms driving it and how the great stETH looping unwind is playing out stETH is a liquid staking token by Lido, which dominates it's category and is considered an exceptionally safe token. So why is it depegging?
- USD0++, a major stablecoin this cycle, just suffered a significant peg price deviation There is 200m$+ of borrows on @MorphoLabs alone with USD0++ as collateral, many of which are now above the Liquidation Loan To Value (LLTV) of 86% and should technically be liquidated.
- xUSD is undergoing a major depeg and default event following a $93m hole in their balance sheet resulting in $280m of leverage unwinding. Let’s break down what is happening: What is xUSD and Stream Finance Stream Finance operates numerous vaults, which effectively are managed
This is a massive loss. It's unclear how this will be settled in between xUSD/xBTC/xETH holders and lenders against these tokens, so let’s go over all stablecoins/vaults that have (in)direct exposure to Stream. Best we can tell, these stablecoins have indirect exposure: Elixir’s - USDX is becoming a 680m$ rug pull! Disabled discord, deafening silence and zero transparency Let’s dig into what’s becoming the biggest scam of 2025 👀 What is USDX? @StablesLabs describes USDX as “A delta-neutral synthetic stablecoin that offers: Delta-neutral stability with
USDX Restoration Arrangement Announcement Recently, due to market liquidity conditions and liquidation dynamics, the market price of USDX has experienced deviation from its reference value. The stabilization mechanism of USDX is supported by collateralized positions and hedging - USDX, a $680m stablecoin by @StablesLabs is undergoing a major depeg ⚠️ Let’s break down what is happening and the cascading ecosystem impact What is USDX? Stableslabs describes USDX as “ A delta-neutral synthetic stablecoin that offers: Delta-neutral stability with 100%
Re7 Vault (USDX market) Liquidation Summary Statistics by 2025/11/06 20:57 UTC+8: 1️⃣ Flash Loan Liquidation - Liquidated: 3,526,011 USDX - Recovered: 2,927,163 USD1 2️⃣ Penalty Fees - Due to oracle adjustments, a wider price gap resulted in higher liquidation penalty fees. - A - sUSD, the algorithmic stablecoin underpinning the @synthetix markets, backed by SNX, is experiencing a significant and sustained depeg. Why did it depeg and is this the start of a death spiral or will it repeg? Let’s dive in! What is sUSD? To understand sUSD, we must first
- Overselling carbon offsets or inflating the impact on-chain carbon has on the world will not benefit the space long term Brokers trading offsets =\= funding climate action Holding credits =\= offsetting ReFi can do a lot of good but we should not accept false advertising
- "@VerraStandards Concludes Consultation on Third-Party Crypto Instruments and Tokens" I reviewed this 170 page consultation summary, here are the key points and my take on what this means for on-chain carbon🧵 verra.org/wp-content/upl…
- @Bybit_Official just got hacked for 1.4b$+. Here is what happened and how this is affects DeFi First of all, 401k eth and 90k steth was stolen in the following transaction: etherscan.io/tx/0xb61413c49… This represents the biggest crypto exploit in history. We don't know yet who
Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed the correct address and the URL was from @safe . However the signing message was to change - Why carbon credit quality really really matters 1tCO2 =/= 1tCO2 🧵
- Debunking 6 common misconceptions about tokenized carbon credits and crypto 🧵
