Matthew
@MatthewMadera
basketball and internet monies.
394 Following 8.9K Followers
After years of repeated CEX hacks, I still don’t understand how outgoing transfers of this size can happen without independent human review and signing.
Where are the circuit breakers? Why aren’t unusually large withdrawals automatically delayed, queued for review and subject to additional approval, especially when funds are moving to a new address?
Withdrawing $5,000 from a bank can involve questions and a manager’s approval. Yet somehow, $100 million++++ can flow out of an exchange to an unfamiliar address in seconds.
Make it make sense. Please.
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Live on @SonicLabs right now.
Also
- No 7 day unstaking period.
- Instant redemptions back to your deposit asset
$ftUSD is the most slept-on DeFi innovation of the last 2 years. Let’s talk about it.
The first truly delta-neutral yielding stablecoin. Fully on-chain, auditable, transparent. No oracles. No centralized systems.
Every parameter, every flow, every dollar of collateral, visible and programmatic.
It’s. All. On. Chain.
Live via @flyingtulip_ on @SonicLabs.
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Ethereum is scaling. Alt L1 value propositions need to grow beyond speed, scalability and cost.
Vertical Integration 🤝 @SonicLabs
