Togbe @Togbe0x Twitter profile

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@s_k_ekaki021

@netsounds

@theadamwade

@Coco_Latex_

@heatwsve

@purr_ana

@Codyshusband

@Oxford_VGG

@pip_nicholson

@karikaripo62374

@TheBowmanDude

@princessswiftly

@somingyucart

@roji_shi

@D3C3NT48

@capivarasmanokk

@Geekgardener11

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@NlNEPETALS

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@matsu_kig

@EUAlpineSpace

@lomamell

@TheSneakySpy

@OmarRudberg

@craselrau

@111222hm

@staceycav

@soperioredits

@mingifeeds

@pengen_stw

@ShanzeRauf

@jandakembangstw

@starlightkuchi

Togbe

@Togbe0x

2 months

"our users are responsible and will manage their own risks" the users:

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Togbe

@Togbe0x

1 month

Coindesk found out what was in the Uniswap Wells notice. SEC saying LP contracts are securities, Uni an unregistered exchange and the wallet/site a broker.

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Togbe

@Togbe0x

1 month

So to summarize Best case: MakerDAO has been paying through the nose for an arranger that’s giving them below market returns, with high fees and none of the required reporting. Worst case: gigantic hole in MakerDAO balance sheet. Neither of those seem great lol

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Togbe

@Togbe0x

1 month

have to hand it to @labsGFX they really in the governance arena trying things too bad all their sensible ideas get voted down right now they are working on offboarding Monetalis, one of MakerDAO's RWA custodians that never produces any reports

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Togbe

@Togbe0x

1 month

@labsGFX they came with receipts

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Togbe

@Togbe0x

2 months

bruh lmaooo Gauntlet needs to fire their intern @swellnetworkio and @stakewise_io are two totally different protocols and osETH isn’t even an LRT it’s not just a social media mistake either cause an osETH (the liquid staking token) is actually listed in their vault

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Togbe

@Togbe0x

13 days

UWU almost certainly hacked

Togbe

@Togbe0x

13 days

someone is getting rekt on chain right now, maybe Sifu and friends

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Togbe

@Togbe0x

2 months

No liquidity left in the LRT core vault so somehow Gauntlet has managed to lock their remaining depositors in for now

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Togbe

@Togbe0x

7 days

Scroll Aave USDC pool at full utilization 👀

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Togbe

@Togbe0x

2 months

how it started, how it's going I think Gauntlet is getting off the hook very easy on this one by saying "look it was a few days of yield" irresponsible supply cap policy created the situation for a liquidation cascade that lost borrowers a lot of money

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Togbe

@Togbe0x

1 month

Don’t worry bro. All the money is there bro. Just check out this screenshot of the bank account bro. Oh your UI is slow bro? Just a browser issue bro.

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Togbe

@Togbe0x

1 month

fascinating behavior

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Togbe

@Togbe0x

17 days

Big week ahead with spicy governance activities going down in MakerDAO. Do MKR holders fire their arranger that never does any work? Or do they toe the party line and refuse to allow randos to make positive changes? Find out on the next episode of DBZ!

PaperImperium

@ImperiumPaper

17 days

Update: The proposal has been submitted, and will be up for a vote next Monday. We anticipate minimal opposition from delegates, since it’s an open and shut case. Low yield, quality competitors waiting in the wings, deficient record keeping, never delivered an audit, etc etc etc

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Togbe

@Togbe0x

7 days

Sifu has picked up where Mich left off

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Togbe

@Togbe0x

2 months

not a big fan of schadenfreude in defi because the space is so small and I think we should all grow together that said, if people have been pointing out potential issues and risks for months and the response has been "who cares?" then the bad situation actually happens...

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Togbe

@Togbe0x

19 days

this impact metric dashboard built for the @Optimism Retro Grants 4 is sick think Aave has the most active users of any protocol

Open Source Observer

@OSObserver

1 month

This post explains where the metrics come from & includes a working list of all metrics under consideration for badgeholders. We will update it regularly, at least until the start of voting (June 23), to reflect the evolution of metrics. 2/5

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Togbe

@Togbe0x

1 month

Crazy thing about LP pools being securities is everyone knows you don’t invest in those things for profit

Meps 🦇🔊🩸💧

@Mepslol

1 month

@functi0nZer0 @econoar I mean it kinda passes the test. You invest with the expectation of profit 🫠

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Togbe

@Togbe0x

13 days

collateral damage

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Togbe

@Togbe0x

2 months

You can earn (under market) yield but you can never leave Depositors are stuck in Hotel Gauntlet until either some borrowers repay (why would they at 4% borrow rates?) or more supply enters (why become exit liquidity?)

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Togbe

@Togbe0x

24 days

people have been asking where the yield for GHO Merit program is coming from the answer is easy it comes from all-natural, sustainable, points-free DAO revenue profit is a hard thing for ct to understand, but Aave is making over $40m annualized mostly in ETH and stables

Togbe

@Togbe0x

24 days

@bjnpck @crypto_yuvi @lemiscate the @Token_Logic dashboard site has both GHO revenue and total Aave revenue broken down in all the ways you could want. For revenue distribution, as always it's on the gov forum. Merit program was extended for a year targeting specific uses of the protocol.

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Togbe

@Togbe0x

1 month

This but for the @CurveFinance alerts bot liquidations and de-liquidations

Doug Colkitt

@0xdoug

1 month

Interesting how you can pretty much see any major news event footprint in Etherscan just by noticing that beaver builds all the blocks for a couple minutes straight

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Togbe

@Togbe0x

10 days

mexican standoff vibes in the MakerDAO offboarding proposal big delegates on both sides but most of the votes haven't been registered yet, so maybe they wait to see where things are closer to the deadline

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Togbe

@Togbe0x

10 days

Uwu exploited (again) by same hacker after contracts unpaused to process CRV liquidation

Togbe

@Togbe0x

10 days

@stevenshi_ @0xkinnif “Funds are safu” lmaooo

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Togbe

@Togbe0x

13 days

someone is getting rekt on chain right now, maybe Sifu and friends

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Togbe

@Togbe0x

14 days

Ethena been live for months and people still haven’t googled “cash and carry” or “basis trade” it seems. It is the most basic commodity trade after a vanilla long so worth learning about for the uninitiated.

loomdart - Holy War Arc

@loomdart

15 days

can someone step by step label out the buy ETF short futs trade I can't figure out where the yield is coming from to make it worth it

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Togbe

@Togbe0x

1 month

MakerDAO this week

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Togbe

@Togbe0x

13 days

CRV llama lend market used as exit liquidity for the hacker

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Togbe

@Togbe0x

22 days

supplying ETH to Aave Arbitrum currently making more than staking, thanks to borrow pressure from weETH holders. Do we see supply rates for wstETH increase as a result?

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Togbe

@Togbe0x

2 months

How did this happen you ask? After ezETH depeg Gauntlet put most liquidity in a new market with a lower LTV but much lower borrow costs that got 100% utilized Morpho's interest rate is bizarre. Even at max utilization the rate is only 3% so no incentive for borrowers to repay

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Togbe

@Togbe0x

25 days

some idle speculation you probably earn @safe points by using @DeFiSaver now since the accounts are set up as a 1/1 multisig

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Togbe

@Togbe0x

2 months

yesterday people were camping out the aweETH launch on Arbitrum and the supply cap was filled in under 30 minutes

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Togbe

@Togbe0x

11 days

lol lmao even

Steven

@stevenshi_

11 days

@Togbe0x just one example, still >80% depends on how you structure ur hedges many others and better APY if you do it yourself + go thru other venues to loop

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Togbe

@Togbe0x

2 months

this is where fancy theory and math papers meet actual degens on chain while the floating rates seem nice, here is how it played out on another ezETH market they are allocated to degens fine paying high rates and it takes weeks for the rate to go up even at 100% utilization

Alice Rozengarden

@Rozengarden_eth

2 months

@Togbe0x when utilisation gets away from 90% the whole IR curves is supposed to shift up (or down), I guess we will see how effective this mechanism really is

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Togbe

@Togbe0x

1 month

The Monetalis money might be gone gone. How would anyone even know? They haven’t published audited reports in months. 1.5b hole in DAI backing?

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Togbe

@Togbe0x

1 month

Good job everyone we got Monetalis to respond on the gov forum. They didn’t say much of anything. But at least they posted and we know they’re alive.

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Togbe

@Togbe0x

17 days

max points farm baby weETH collateral, borrow GHO, swap for USDe, deposit in Aave sats, ether fi points, eigen layer points and merit rewards all in one

Ethena Labs

@ethena_labs

17 days

Users will be able to earn Sats for the following: i) USDe collateral: 20x ii) sUSDe collateral: 10x (tbc via governance) iii) stETH, ETH, rETH, weETH collateral to borrow GHO into USDe 20x iv) stETH, ETH, rETH, weETH collateral to borrow USDC/T into USDe 10x

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Togbe

@Togbe0x

2 months

not much noise on this but a cool collab between Aave and Synthetix will go live soon aUSDC and other yield bearing coins make good resting collateral for this kind of thing

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Togbe

@Togbe0x

1 month

so endgame plan is actually to just make a stablecoin with a blacklist? Say it ain’t so.

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Togbe

@Togbe0x

14 days

thinking about Ethena some more good business for exchanges to onboard USDe as margin bc it push down the cost for long side As long as some USDe not staked then holding sUSDe always give you better yield than running trade yourself

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Togbe

@Togbe0x

1 month

December 2023: Monetalis report contains 9 figure discrepancies Also December 2023: Monetalis Holdings LTD company in UK dissolved No more reports since then. Coincidence?

Togbe

@Togbe0x

1 month

@labsGFX they came with receipts

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Togbe

@Togbe0x

10 days

Do you know how a blockchain works?

Seanhub

@Seanhub02

10 days

@Togbe0x @Izzybelleth @onozelaar Do you know how a blockchain works?

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Togbe

@Togbe0x

1 month

Nothing like the threat of loosing your job to give you the necessary motivation to do your job.

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Togbe

@Togbe0x

7 days

fact check: aave is one of largest protocols on scroll and the largest that isn’t a pre-token points farm

buiquangnhat

@buiquangnhat

7 days

@Togbe0x Aave not in scroll

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Togbe

@Togbe0x

7 days

@delucinator unverified contract been max borrowing profitable trading strategy?

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Togbe

@Togbe0x

25 days

Who is Etheteum’s general manager of payments? Someone tell them the Solana bd team is dueling with Ethereum.

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Togbe

@Togbe0x

2 months

at the original cap of 3k ETH, the event may have had a few liquidations but it would have been way less there was over 10,000 ezETH supplied on that one market zero chance that was going to end well, and all enabled by your friendly neighborhood risk manager

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Togbe

@Togbe0x

24 days

TIL the Aave ghost name is Ronnie

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Togbe

@Togbe0x

17 days

New asset just dropped on Aave v3 Let’s see who has been paying attention to the deployer addresses.

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Togbe

@Togbe0x

11 days

this is cap but close enough to reality to be provocative

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Togbe

@Togbe0x

2 months

sure we can say "those users were being degen and they got what they deserved" but gauntlet gave them the rope what prompted them to raise the supply caps twice in two weeks? no mention of what went in to this decision anywhere on the forums or otherwise that I have found

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Togbe

@Togbe0x

1 month

😭😭 it’s info written on public governance forums but no one reads them

_gabrielShapir0

@lex_node

1 month

@llamaonthebrink any more links/context on this? this seems like one of those things where people in the know all subtweet each other in a way designed to lock the rest of us out lol

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Togbe

@Togbe0x

1 month

this is the ether fi liquid strategy btw which also seems to be one of the largest suppliers and borrowers on aave

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Togbe

@Togbe0x

29 days

@lemiscate The “crypto UX sucks” crowd clearly have never sent any money with tradfi rails

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Togbe

@Togbe0x

1 month

@ImperiumPaper @labsGFX Think it is a good imitative. Monthly reporting is bare minimum effort.

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Togbe

@Togbe0x

20 days

the project launching the next big narrative in restaking meta has like 200 people in their discord few (people know about it)

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Togbe

@Togbe0x

1 month

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Togbe

@Togbe0x

1 month

236m in the MakerDAO PSM 1.2b in Coinbase Custody gate kept by an unresponsive arranger

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Togbe

@Togbe0x

13 days

funded by tornado cash = not great!

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Togbe

@Togbe0x

1 month

oh hmm what cap increase could that be

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Togbe

@Togbe0x

2 months

anyway, their post mortem was a decent read, but no mention of what drove the supply cap increases

Gauntlet

@gauntlet_xyz

2 months

7/ For more details on the timeline, liquidity, and liquidations of ezETH and our overall vault risk parameterization and strategies, we invite you to visit our forum post:

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Togbe

@Togbe0x

1 month

@ImperiumPaper lol but all the comments you guys made on the forum went unanswered until I started fud on Twitter

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Togbe

@Togbe0x

2 months

>more complex ways yoo uhh hmm

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Togbe

@Togbe0x

19 days

@0xngmi yeah these are much better because terms are normalized somewhat imo also because it is open source and PR can submit by team

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Togbe

@Togbe0x

19 days

Clear that LRT onboarding was a win for the DAO so far now 4 out of the top 10 borrowers on Aave v3 are using weETH as their collateral asset

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Togbe

@Togbe0x

1 month

El Salvador paying off all its IMF debt with BTC profits would be a hilarious outcome tbh

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Togbe

@Togbe0x

29 days

Crypto UX sucks Transactions take seconds to confirm with automatic receipts. Can only send in USD or EUR or any of the other 20 currencies that have stablecoins already Transactions costs are a few dollars at max and often a few cents no matter the size. Just terrible

Togbe

@Togbe0x

29 days

@lemiscate The “crypto UX sucks” crowd clearly have never sent any money with tradfi rails

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Togbe

@Togbe0x

29 days

Why do people keep trying to shoehorn narratives on to ETH? No narrative is better. That way people can attach it to their favorite. Commodity guys: digital oil! Tech guys: world computer! Fixed income guys: sovereign bond! There’s something for everyone

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Togbe

@Togbe0x

2 months

ETH and ETH beta sunday pump eh? what could go wrong

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Togbe

@Togbe0x

17 days

false alarm guys, just devs doing dumb things without warning people

Togbe

@Togbe0x

17 days

zkSync moving bridge tokens to another contract or another bridge hack?

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Togbe

@Togbe0x

2 months

@delucinator aave doesn’t really have a stake in this one not great to see users loose money bc of preventable things as far as aave dubs they are many stkGHO holders getting like 90% apr in airdrops, DAO is hugely profitable and making over $50m a year, GHO supply at ath and growing

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Togbe

@Togbe0x

1 month

Linea and Consensys discords hacked. As always, all links are drainers and the floor is lava.

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Togbe

@Togbe0x

1 month

The “EF should disclose” and the “ETH is not a security” arguments seem fundamentally opposed

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Togbe

@Togbe0x

1 month

@ImperiumPaper The thing is no one seems to have any actual idea which seems the most worrying to me And there are a lot of possible bad outcomes between the best and worst case scenarios here

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Togbe

@Togbe0x

1 month

the issue with Uni v3 as your main pool is that if something happens and it depends you end up with a huge sell wall going against you for the rest of time until you can flip back into range

yuvi

@crypto_yuvi

1 month

has anyone seen research on stableswap vs univ3 for pegged asset liquidity a lot of protocols focus on univ3 for pegged assets but i feel like curve (/balancer/solidly) stableswap maths is goated trying to justify my assessment

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Togbe

@Togbe0x

10 days

@Seanhub02 @Izzybelleth @onozelaar lol mint tokens sell tokens for ETH on exchange move ETH off exchange buy minted RLB with ETH burn RLB

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Togbe

@Togbe0x

14 days

interesting that asset originally onboarded as eth centric is now mostly BTC and USDT

Togbe

@Togbe0x

14 days

@ImperiumPaper ok sure but that’s outside of the basic trade and in practice of course ethena is run like a bank and reserve ratios in usdt reflect this

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Togbe

@Togbe0x

2 months

we had only one day of net negative funding but USDe supply has stopped growing not to mention real yield is heavily subsidized since only 300m or so is staked the space for good yield on the carry trade isn’t two yards wide

Ericuuuh

@0xEricuuuh

2 months

@sershokunin We’ve now had sustained periods of low / negative funding and the protocol has stayed rock steady. This was never the real risk with ENA.

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Togbe

@Togbe0x

1 month

Nah that’s wild. We better hope that billy and a half of MakerDAO’s money is still around.

fiddy

@fiddyresearch

1 month

@ImperiumPaper @Togbe0x @labsGFX This website is no longer operational. Do they even have a website anymore?

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Togbe

@Togbe0x

24 days

what if fractional reserve banking is original sin and all money should be overcollateralized and backed by hard reserves? issue was that gold market cap is too small to back all money flow needed to grease the wheels of commerce

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Togbe

@Togbe0x

2 months

steady lads, rates are increasing

Gauntlet

@gauntlet_xyz

2 months

The LRT Core Vault on @MorphoLabs is performing as any lending market is intended to. If borrower demand exists they will borrow what's available. As this happens, the interest rate increases so that suppliers are compensated. At > 90% utilization, IR will continue to increase:

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Togbe

@Togbe0x

12 days

maybe curve oracles should be blacklisted? study mich depositing in a platform that was misusing a curve oracle and as a result got rekt if the only person in the world that understands curve oracles well enough still didn't catch this, not sure anyone can

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Togbe

@Togbe0x

1 month

@0xGeeGee Unironically restaking and shared security is probably best BTC L2 narrative idk why they aren’t on this vs trying to make DeFi rollups themselves

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Togbe

@Togbe0x

19 days

getting points for stuff you already used is the best tbh

revert

@revertfinance

19 days

Points! Yes we are doing them. In fact, they're live on the app now! 🔥 How do you get them? 🔥 If you've used Revert on-chain tools in the past, you already have points! We've awarded points for all historical Revert users since the first ever transaction. 💥How do you get

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Togbe

@Togbe0x

1 month

thinking some more about the NewStable blacklist function probably a necessary evil if you're going to have RWA collateral, especially anything touching US financial system like treasuries which is most of MakerDAO's exposure in the real world

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Togbe

@Togbe0x

27 days

@0xJohannes_ @0xngmi big crypto doesn’t want you knowing what goes on on governance forums

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Togbe

@Togbe0x

2 months

minted a spooky @ordiLines

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Togbe

@Togbe0x

17 days

>oh but why were you fudding ethena before and now it's listed are you slow? MakerDAO planning to dump a yard into a new protocol is a lot different from Aave onboarding an asset in isolation mode with a 80m supply cap

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Togbe

@Togbe0x

1 month

lmao but apparently the MakerDAO “community” decided to absolve them of all reporting and auditing requirements. Now some community members are rightfully asking for their money back. Will see what the “community” decides.

Sébastien Derivaux

@SebVentures

1 month

@Togbe0x @SteakhouseFi Make proposal to put an auditor, move those funds to tokenized t-bills or whatever you need to be happy. Maker community set the rules. 🤷

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Togbe

@Togbe0x

15 days

an interesting contrast between all the hoops projects have to jump through for LTIPP grants and the gaming thing grants are being streamed with option to shut it off it projects don’t meet reporting and metric requirements so it’s not that DAOs don’t know how to use the tech

Anton Cheng

@antonttc

15 days

I don't understand why big daos don't use streaming services like @Sablier to pay this amount of money for "potential growth", especially when DAOs don't have a good track record of making smart investment decisions.

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Togbe

@Togbe0x

17 days

In this thread: a rating product that never updates outdated information

Marc “Chainsaw” Zeller 👻 🦇🔊

@lemiscate

17 days

Less than a year ago, @bluechip_org gave $GHO a "D" and $LUSD an "A". Now, GHO's market cap has flipped LUSD's. The market speaks louder than ratings.

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Togbe

@Togbe0x

13 days

Funny comment cause you can get 20% on chain with no smart contract risk and some minimal counterparty risk with a short on futures and some nexus insurance.

Nick Drakon

@NickDrakon

13 days

@crypto_yuvi In almost all cases, getting 20% on chain is not worth the smart contract risk + stable coin specific risk, if you underwrite both even remotely carefully.

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Togbe

@Togbe0x

16 days

@Fiskantes what exactly should the market cap be? cap has been growing steadily in controlled manner and expansion to Arbitrum coming soon and new facilitators will grow it some more

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Togbe

@Togbe0x

1 month

Gnosis chain has always been one of my favorites but they really need to fix the bridging situation between other L2s Hopefully native USDC there solves this problem

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Togbe

@Togbe0x

2 months

yo uhh hmmm

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Togbe

@Togbe0x

3 months

@delucinator Should just back USDe with ENA. If it goes over peg you can buy ENA and burn it, if under peg you mint ENA and sell.

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Togbe

@Togbe0x

2 months

dang mainnet safes only get points, seems very shortsighted tbh, should be pushing retail to get those things set up on L2s I guess mainnet is still where all the money is

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Togbe

@Togbe0x

1 month

Two weeks to discuss. Should get spicy. Will be a good test on how well off-script ideas get dealt with in MakerDAO. But based on reading the room in the gov thread, doubt that it passes.

PaperImperium

@ImperiumPaper

1 month

A @MakerDAO poll just went live to allocate today’s MKR holders 25% of all subDAO tokens (SPK + 5 others). Currently there is no allocation to existing MKR holders in the subDAO spin offs. This represents a great opportunity for MKR holders to get SIX(!!) token allocations

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Togbe

@Togbe0x

26 days

As my team was the first derivative house to trade yield swaps on LRTs in the 20's and was involved directly in the restaking index original construction I know the math. jeez. Do you think I don't? I've traded hundreds of yield swaps in my life.

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Togbe

@Togbe0x

19 days

always so much wrong with token terminal metrics idk where to start even

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Togbe

@Togbe0x

15 days

Oof yah. I’m really privileged to be employed. And at the risk of sounding insensitive, I’ve often wondered what I’d be capable of in a situation where it was do or starve.

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