Pinned Tweet
$338.9B in stablecoins in circulation
$184.79M of it is non-freezable
That's 0.05%
The other 99.95% would not survive pressure from governments
We curently have CeFi cosplaying DeFi, it's time ship true DeFi
How the @polarisfinance_ team plan to fix it: polarisfinance.io/blog/path-to-t…
$184.79M of it is non-freezable
That's 0.05%
The other 99.95% would not survive pressure from governments
We curently have CeFi cosplaying DeFi, it's time ship true DeFi
How the @polarisfinance_ team plan to fix it: polarisfinance.io/blog/path-to-t…
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tokenbrice retweeted
Aave's main $ETH pool still has a $109M deficit from the $rsETH hack
in may Aave seized the attacker's 53,400 $rsETH, which went to refill @KelpDAO's bridge
the $ETH he borrowed became a deficit in the pool, so for every $10,000 of $ETH lent there $250 has no cash or loan kers who insure the pool won't be slashed because Aave left this deficit to the DAO
i found no update on it since june
@aave when will the DAO cover it?
in may Aave seized the attacker's 53,400 $rsETH, which went to refill @KelpDAO's bridge
the $ETH he borrowed became a deficit in the pool, so for every $10,000 of $ETH lent there $250 has no cash or loan kers who insure the pool won't be slashed because Aave left this deficit to the DAO
i found no update on it since june
@aave when will the DAO cover it?
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tokenbrice retweeted
Last month, Binance lost $6.4B in about 20 minutes. Before that, eight major attacks took $2.3B from crypto teams.
Today we're putting an end to it.
Introducing MLS Wallet by Den: North Korea's biggest nightmare.
Today we're putting an end to it.
Introducing MLS Wallet by Den: North Korea's biggest nightmare.
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tokenbrice retweeted
Saying it like it is as always.
@TokenBrice shares the @PharosWatch angle on how many of the stablecoin depegs could have been predictrd in advance, if some of the actors knew what to look at and where.
@bluechip_org 26
@TokenBrice shares the @PharosWatch angle on how many of the stablecoin depegs could have been predictrd in advance, if some of the actors knew what to look at and where.
@bluechip_org 26
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tokenbrice retweeted
if you have the power to censor, you WILL eventually be strong-armed into censoring
no one is immune
you need to believe this in your bones, usually from bad experiences directly had or personally witnessed, to gain conviction in permissionless system design...
no one is immune
you need to believe this in your bones, usually from bad experiences directly had or personally witnessed, to gain conviction in permissionless system design...
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Yield bearing (from borrowers' interest) immutable tokenized gold also acting as an ETH dip buyer (from stability pool liquidations)? Sign me in!
We like our gold working for us.
Even sitting idle after minting, your gold will have the potential to earn yield.
In this example, gold’s price dropped, but the position kept on receiving fees, pETH flows, and secondary-rate income.
Together, these more than offset the the position with a positive return.
---
[This is a testnet position, so no real money. But core protocol mechanics will be the same on mainnet.]
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tokenbrice retweeted
Sky publishes quarterly financials, which I’ve criticized consistently. I tried to reconstruct them under standard accounting rules (GAAP), using only public data.
They don't match what Sky reports, and the reasons are easiest to see in a fictional lemonade stand.
1/16
They don't match what Sky reports, and the reasons are easiest to see in a fictional lemonade stand.
1/16
I’m a believer in trying to offer constructive criticism. So I tried to fix Sky’s financials to be more GAAP consistent.
Headline:
Equity: $125.3m
Equity/liabilities: 1.3%
Equity/SKY: $0.00535
Q3 earnings: $16.5m
Q3 earnings/SKY: $0.0071 ($0.0028 annualized)
P/E: ~23.8x
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tokenbrice retweeted
Seen the double-digit APYs on @LidoFinance's $wstETH loops recently? They likely won't last long.
In this vid, I break down:
• Why it recently spiked
• Where its yield comes from
• How looping works through @DeFiSaver
And why a juicy 7-day average doesn't mean you're or a year.
In this vid, I break down:
• Why it recently spiked
• Where its yield comes from
• How looping works through @DeFiSaver
And why a juicy 7-day average doesn't mean you're or a year.
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tokenbrice retweeted
If you like Pendle, you'll love Polaris.
Pendle splits yield from principal, and pETH splits into its floor (fpETH) and its premium (vpETH).
First of all, you can put that pETH to work and stack extra yield on top, or use it to mint assets.
But let's say you choose to split ould just grow with no risk of losing value in ETH terms.
And then you'd have your vpETH, which would be exposed to spot price volatility, so you can trade it or just sell it to get a low-volatility position.
Pendle splits yield from principal, and pETH splits into its floor (fpETH) and its premium (vpETH).
First of all, you can put that pETH to work and stack extra yield on top, or use it to mint assets.
But let's say you choose to split ould just grow with no risk of losing value in ETH terms.
And then you'd have your vpETH, which would be exposed to spot price volatility, so you can trade it or just sell it to get a low-volatility position.
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See you in Vienna :)
🔎 Stablecoins For Institutions: Weighing Risk Against Opportunity
Panel discussion at Bluechip26, featuring:
• Anna Petrenko (@Anna_Petrenkoo), Everstake
• Triv, Trezor
• TokenBrice (@TokenBrice), Pharos
• Chris Thomas, Yields Digital
• Pietro Carta (@PtrCarta), 26 is the world's first and leading conference dedicated to crypto safety. Get tickets at conference.bluechip.org.
📍 Nov 10-11 in Vienna
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tokenbrice retweeted
I have seen more bad takes than I can count over the past 24h
Self custody is not scary. It’s just the usual talking heads don’t use DeFi and freak out because they don’t know what to do to stay safe
- use a multisig
- use a dedicated laptop to sign txs
- use hardware wallets bought from the official manufacturer
- don’t use telegram, signal or open pdfs on your signing machine
- spread funds across different apps and safes
- use some common sense and stay paranoid
Self custody is not scary. It’s just the usual talking heads don’t use DeFi and freak out because they don’t know what to do to stay safe
- use a multisig
- use a dedicated laptop to sign txs
- use hardware wallets bought from the official manufacturer
- don’t use telegram, signal or open pdfs on your signing machine
- spread funds across different apps and safes
- use some common sense and stay paranoid
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tokenbrice retweeted
BREAKING: Q4 2026 is already the largest quarter for stablecoin freezes on record, larger than the previous three quarters combined, with two months still to go.
Following the attempts to recover the $6.3B tied to the @binance hack, Pharos FreezeWatch has now logged $2.83B s move quickly to contain the situation.
Frozen assets linked to the hack:
USDT: $1.76B
USDC: $823M
RLUSD: $40.5M
USD1: $27.8M
XAUT: $12.5M
USDT0: $6.2M
FDUSD: $3.45M
PAXG: $1.9M
XUSD: $800K
USDP: $215K
Following the attempts to recover the $6.3B tied to the @binance hack, Pharos FreezeWatch has now logged $2.83B s move quickly to contain the situation.
Frozen assets linked to the hack:
USDT: $1.76B
USDC: $823M
RLUSD: $40.5M
USD1: $27.8M
XAUT: $12.5M
USDT0: $6.2M
FDUSD: $3.45M
PAXG: $1.9M
XUSD: $800K
USDP: $215K
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Polaris solves overpegs by turning it into a yield source for minters, no USDC vassalization needed
Being a decentralized stable issuer will be a profitable venture specially if another USDC panic happens: as everyone flies to safety you will be printing on the crowds panicking
Being a decentralized stable issuer will be a profitable venture specially if another USDC panic happens: as everyone flies to safety you will be printing on the crowds panicking
Stables usually have a strong defense on one side of the peg but also a weaker one on the other.
And it’s often minters who pay for this problem.
But with polaris assets, this will actually become a new source of yield for them.
USDp defends both sides directly because above minted USDp at peg with pETH and sell it right away.
And below $1 anyone can redeem it at peg for pETH.
Arbitrageurs never even need to open or close a position, so no debt to manage and no liquidation risk.
For the people backing USDp with their pETH, nobody gets singled out anymore. Actually, keeping the peg will now become a new yield source.
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tokenbrice retweeted
Proud that @polarisfnd will launch formally verified and immutable
In the age of AI having the math proven and without the ability to upgrade and break this is a huge safety feature
DeFi done right
In the age of AI having the math proven and without the ability to upgrade and break this is a huge safety feature
DeFi done right
TIL: 60-70% out of the top 10 protocols on Ethereum by TVL are formally verified.
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tokenbrice retweeted
Stablecoins can depeg without warning!
🎙️@TokenBrice, founder of @PharosWatch with @JeffMarsilio and @0xdenniswon on the signals that fire before a peg breaks.
youtube.com/watch?v=R1osFm…
🎙️@TokenBrice, founder of @PharosWatch with @JeffMarsilio and @0xdenniswon on the signals that fire before a peg breaks.
youtube.com/watch?v=R1osFm…
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tokenbrice retweeted
This week, we made Pharos even better.
After releasing Safety Score v10.34, we also launched Depeg Duration Resolver (DDR) v5. With v5, an asset is now marked as unrecoverable only on terminal evidence.
Our remaining highlights of the week were:
- Safety Scores now publish eases this week
- Telegram bot v2 only alerts on problems that persist or matter, with all other changes in one daily message
- Public warnings are quieter and now appear only for stale, missing or quarantined data
- Coin profiles now lead with a dated Safety grade and a redemption answer
- A new “Launched, awaiting data” phase covers coins issued on-chain without usable market data
- Aero, the merged Aerodrome and Velodrome, is now read directly (Liquidity 6.98, Pricing 6.56).
After releasing Safety Score v10.34, we also launched Depeg Duration Resolver (DDR) v5. With v5, an asset is now marked as unrecoverable only on terminal evidence.
Our remaining highlights of the week were:
- Safety Scores now publish eases this week
- Telegram bot v2 only alerts on problems that persist or matter, with all other changes in one daily message
- Public warnings are quieter and now appear only for stale, missing or quarantined data
- Coin profiles now lead with a dated Safety grade and a redemption answer
- A new “Launched, awaiting data” phase covers coins issued on-chain without usable market data
- Aero, the merged Aerodrome and Velodrome, is now read directly (Liquidity 6.98, Pricing 6.56).
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tokenbrice retweeted
The Safety Score v10 has been rolled out!
It brings an unprecedented level of thoroughness, particularly to highly common attack vectors: minting authority and bridge permissions
Calibration, refinement and further refinements will still be ongoing for a few more days
It brings an unprecedented level of thoroughness, particularly to highly common attack vectors: minting authority and bridge permissions
Calibration, refinement and further refinements will still be ongoing for a few more days
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tokenbrice retweeted
Pharos (@PharosWatch) now checks the collateral behind USDC vaults, not just the stablecoin
Good, because a USDC vault is only as good as what it lends against
We went through KPK USDC Yield with it. Here is how it breaks (data as of 23 Oct)
Good, because a USDC vault is only as good as what it lends against
We went through KPK USDC Yield with it. Here is how it breaks (data as of 23 Oct)
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tokenbrice retweeted
Polaris works a lot like an MMO (Massively Multiplayer Online for the non-nerds).
Everyone plays in the same world but everybody can play a different game.
If you prefer PvE, you swap ETH into pETH and hold it, and the floor grows while you get on with your day.
If you like ETH without liquidation risks, so you push the build without the risk of losing it.
If you want PvP, you trade vpETH against people who read the pETH premium differently from you, long or short.
And if you want hardcore full loot, you deposit USDp in the Earn Pool and wait for the next liquidation to be collected.
Whatever you pick will grow back fees that flow into pETH in any case.
Everyone plays in the same world but everybody can play a different game.
If you prefer PvE, you swap ETH into pETH and hold it, and the floor grows while you get on with your day.
If you like ETH without liquidation risks, so you push the build without the risk of losing it.
If you want PvP, you trade vpETH against people who read the pETH premium differently from you, long or short.
And if you want hardcore full loot, you deposit USDp in the Earn Pool and wait for the next liquidation to be collected.
Whatever you pick will grow back fees that flow into pETH in any case.
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