state @statelayer

Joined April 2020

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Ethereum Foundation @ethereumfndn

6 months ago

0/ Today, the Ethereum Foundation completed a bilateral swap of ~21,269 aWETH to wstETH, coordinated with @LidoFinance and @mellowprotocol as part of their ongoing deleveraging work.

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state @statelayer

a year ago

@smyyguy @crypto_condom think mstr uses diluted for mnav right?

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state @statelayer

a year ago

@smyyguy @crypto_condom bmnr said 221 x.com/BitMNR/status/…

Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR

a year ago

2/5 BitMine's Crypto NAV (net asset value) is $39.84 per $BMNR share: - ETH $8.24 billion (1.7mm $ETH tokens) - BTC $22 million (192 $BTC coins) - treasury cash (unencumbered) $562 million = NAV $8.82 billion - fully diluted shares outstanding 221,515,180 = NAV per

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state @statelayer

a year ago

can Tom Lee do something

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state @statelayer

a year ago

@hasufl but you're increasing the earnings per LDO which are in ETH

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state @statelayer

a year ago

@hasufl headline a bit misleading PR just says they approved a program for when it would be better, doesn't seem like they'll do it asap

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state @statelayer

a year ago

When your ETH beta alts aren't going up with ETH

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state @statelayer

a year ago

@HadickM You're right, found it

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state @statelayer

a year ago

@HadickM wow okay i thought it had an expiry, where did you see that, their s1?

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state @statelayer

2 years ago

@hasufl 100% agree, there is zero reason for a 20B+ AUM CEX to be blind signing transactions coming from a website for their cold wallets instead of having a institutional grade fully offline custody setup

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Hasu⚡️🤖 @hasufl

2 years ago

This is a tricky thing to answer (and not because I'm investor in Safe - my stake is tiny and I couldn't care less about it relative to my reputation) For Safes and other smart wallets to be useful, the ability to make secure signatures must exist as a complement. Safe provides one such possibility through the centralized front end, but it should never be relied on exclusively. I would blame Safe most for not working more with the largest and most at-risk Safe users to educate them on secure signing practices to ensure secure signing is abundant. Secondarily, I would blame Safe for getting compromised, and I hope we eventually learn how that happened exactly. But the reality is that 1) independent message verification for Bybit is easy and prevents almost every hack 2) perpetually preventing a frontend from becoming compromised is comparatively much harder 3) drawing attention to 2) instead of 1) prevents people from learning the right lesson, which is to adopt secure signing practices and stop trusting frontends

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Tom Howard @_TomHoward

2 years ago

@safe Since it is not clear in @safe’s update: The front end served by SAFE from safe.global was fully compromised and could have affected any users from that front end, however only Bybit was attacked.