LUKE CHMIEL⚡️
@talkintokens
head of growth @corkprotocol // previously did some stuff @maplefinance, @avax, @falconxglobal, @goldmansachs, & @brownU_MLAX // onchain since 2019 // GLHF
Tweets like the below from @eth_everstake make it clear how misunderstood DeFi debt markets are. No, validators are not exiting to restake, change operators, or lock in profits. Lol. Lmao, even. As the stETH loopers know well, Pumpfun isn’t the only game in town right now… DeFi…
Something big is happening in Ethereum staking. The Ethereum validator exit queue just hit its highest level in over a year - more than 520,000 ETH that’s over $1.9 billion at current prices, lined up to leave. This queue will take ~19 days to fully clear. Thread: 👇
Cork, explained in 2 minutes No jargon Just clarity from @talkintokens
Last night, a chain of events unfolded that illustrates a critical DeFi risk vector most overlook: Even the most "liquid" yield-bearing assets like $stETH can carry hidden illiquidity risk. Here's what happened, and what we can do better 👇
we call it the RWAI narrative @USDai_Official @gaib_ai
when you realize the entire distraction hyper gambling economy is perfectly designed for AI systems to syphon money out of to pay for their own training in an infinite loop that results in AGI in 10 years along with the full scale destruction of every modern institution
⚡ @talkintokens, @Figue_me, @CharlesJansen, @nomos_paradox, @tadeongmi unpacked the rise of stablecoin vaults. What happens as strategies move further out the risk curve, and can DeFi build the tools to manage it? Watch the full panel to find out: youtube.com/watch?v=O0ocOD…
daily reminder that your new favorite stablecoin is probably unregulated junk-equivalent debt stay safe out there
I’m just going to say it since others haven’t posted this on here yet although it’s widely known. Falcon Stable holds tens of millions of dollars in bad debt and is a scam; •Their “stablecoin” is backed by illiquid assets and holds tens of millions in bad debt as a result, and…
The whole Cork team had a real blast at @stable_summit! @talkintokens, Cork's Head of Growth, spoke about Designing Smart Stablecoin Vaults, and @TheRealStone, Co-founder and COO, moderated a powerhouse panel on DeFi Yield. Huge thanks to the organizers!
occasionally it's worth a reminder that your favorite stablecoin is probably junk-rated debt in a token wrapper and that's perfectly ok. innovation and growth always come with below-investment-grade ratings even the united states had to issue high-yield debt in its early years
This post-mortem provides a detailed account of the recent Cork exploit & the extensive response from our team We're not going anywhere & remain 100% committed to building a better protocol for the future Thank you for all of your support; Get ready for the Cork redemption arc
Update on our ongoing response to the recent Cork Protocol exploit. For a comprehensive explanation and full details on the exploit, you can read the post-mortem here: cork.tech/blog/post-mort…
last summer in the @maplefinance office what a meteoric rise its been for syrup
Yet another billion-dollar milestone for Maple: syrupUSD’s AUM has reached $1B in just 10 months.
can confirm from experience, FalconX & Maple are two of the best shoppes on the street
⚡️ NEW: Cantor launches $2B Bitcoin-backed lending arm, kicking off deals with FalconX and Maple Finance.
Did you know that over $300B in stablecoins and liquid (re)staking tokens are at risk of depegs or liquidity crises? That's why at Cork we're building Depeg Swaps. Check out this explainer video to learn more!
you know the vibes @pythianism
its become increasingly obvious to me that ethereum = onchain debt capital markets solana = onchain equity capital markets am i wrong?
Ethereum is Internet Debt Cap Mkts; Solana is Internet Equity Cap Mkts Over the last year it's become increasingly clear that the onchain financial system has split in two: Ethereum vs. Solana I'm less interested in the rivalry between ETH & SOL maxis and more interested where…
100X onchain credit with haste Maple always has been a unicorn in the making
More than 5x the TVL in less than 10 months. $SYRUP is a unicorn in the making
18M —> 32M in a week please fasten your seatbelts and remain inside the vehicle at all times this freight train is about to leave the station 🚂💨
Cork hits $32M TVL! 🍾