DeFi the System @DefiTheSystemX
Curated weekly editorial crypto roundups and articles by @EbullitionX. App available in the @SolanaMobile app store - Content & Streaming defithesystem.xyz Phx, AZ Joined February 2025-
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BREAKING: @WesternUnion's @USDPT_ is live on Solana. A federally regulated digital dollar, issued by @Anchorage Digital, integrated directly into Western Union's infrastructure across 200+ countries. Borderless money is here.
After taking April off, I'm back to writing my roundup. defithesystemx.com/articles/when-…
1/ Carrot is shutting down This is certainly not the outcome we wanted, but the situation with the Drift exploit, has proven to be catastrophic for our continued operations.
@solflare Shhhhh. It’s still 5 billion
meta just added stablecoin payments via solana! altitude has just launched a full platform for stablecoins and banking on solana ramp also recently added solana support and we have a privacy solution cooking quietly becoming the best place for payments & stables
AAVE on @solana, more volume than all Eth DEXes combined in the last 24 hours 😜
@jerallaire @circle Is drift not DeFi?
NEW: @ZetaChain has reportedly been exploited, with at least $300K drained so far.
@circle Poor @DriftProtocol left out in the cold while all that money went through circle.
Been a long few weeks. Writing has suffered. Tax clean up, grandma moved in from a facility and now the family has Covid. Ha. I have lots to write about but no time.
Breaking news: two people already assumed to maybe be satoshi who are both dead claimed to possibly be Satoshi 🤔. So it goes. On to the next doc
I’m an optimist by nature, but right now, my stance in DeFi is defensive. I’ve personally pulled positions and even debated pulling LSTs into native staked sol. Alarmists drive me nuts and not trying to be one at all. Just looking at the landscape, I’m fine holding back on some things until more security is amped up and we see what Ai is going to do as it advances to mythos, etc. North Korea is clearly on the offensive right now.
Another exploit. Seriously, after the drift situation, how are teams across all protocols not triple checking their code. Bummer for all affected.
The RHEA team is aware of an incident affecting the protocol. As a precautionary measure, we have temporarily paused the contracts while we conduct a thorough investigation. We are working closely with key partners, stakeholders, and security experts. Protecting user positions
When the industry faces challenges, Tether steps up. 🛡️ We are leading an up to $150M recovery plan alongside the @SolanaFndn to support user recovery and safely relaunch @DriftProtocol Watch the video to see how we're protecting the community and expanding $USDT on Solana. 👇
Drift says eff you $USDC and is changing to $USDT instead because @tether would support them better.
Today, Drift is announcing a collaboration with @tether and other partners totaling up to nearly $150 million to support our commitment to a relaunch with USDT at the center, and a path to user recovery. These funds encompass a $100M revenue-linked credit facility, an ecosystem
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DeFi_Hominid 🔺 @anon_Hominid001
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9K Followers 32 Following Instant private trading with compliance on Solana. Backed by: @Colosseum @SolanaVentures @Pivotglobal_xyz
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150 Followers 332 Following Has lived in 4 decades, 2 centuries and 2 millennia and is not yet 50 years old
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Catherine Gu @catgu_
6K Followers 537 Following Head of Product, Digital Assets @SolanaFndn. Prev @Visa @gauntletnetwork @Anchorage @Stanford @Cambridge_Uni. views are my own https://t.co/P5VQbJaZLpYou might like
