/biz/ - Business & Finance

qrd?
implications for eth?

so is optimism ruined? I've been messing around with some of the defi stuff on there like aave and velodrome but I fortunately didn't get any optimism yet. Should I just put what I was going to put into optimism into metis instead?

>>49465904
kek its over for opi-s

lol lmao even

wasnt optimism the L2 that said they werent going to release a token because it skews incentives?

>>49465942
I literally just gave a qrd you fucking faggot. Why would a not needed scam L2 affect ETH?

>>49465976
because eth's whole future is riding on L2?

>>49465904
thread 1 >>49464639
thread 2 >>49464649

why nothing on rekt yet

"L2s are as secure as the L1"

Honestly every maxi who keep recycling this subhumanity should be lined up and shot, It's like they completely turned a blind eyes to the fact 99% of hacks/bugs are due to engineering holes which stem from complexity to begin with, And L2s, Especially advanced ZK stuff, Are beyond what even the most complex system in this space rightnow can even scratch.

Even the most mature systems in the world rightnow have critical bugs every once in a while, But the risk of critical bugs/coding imperfection in decentralised systems is much much higher because it's mostly irreversible.

Not saying it's not worth the experiment, It's interesting idea and kinda make sense (There are many shortcuts on the way to make it work' at least in the short-mid term) but other scaling philosophies should be encouraged, I feel like this whole modular narrative is being forced as a result of Ethereum current handicap.

>>49465976
ETH is betting its whole farm on L2s which's sad to see.

I can't blame them because technical debt makes it too fucking hard to pursue multiple philosophies all at once

Holy shit. Bump. What a shit show.

>>49465904
fuck this is not gonna be good for my VELO

>>49465904
Can the devs not pull liquidity and issue refunds to holders

don't fucking bully me

>>49465904
Not an exploit and not Optimism's fault so whatever, wintermute's reputation is fucked though

>>49465904
bullish for LINK

but bro mev lmao

>>49465904
>he still has 19 million tokens left ready to dump on the market
Is this going to be like LUNA when people got rekt shorting the news too early because the market didn't know or care yet? The squeeze could send it to ATH before the attacker decides to start dumping.

>>49466268
>shorting the news too early because the market didn't know or care yet?
Pretty sure that was the Axie Infinity hack

>>49466268
How can I short this shitcoin?

Is 19mm enough to tank the project?

More like Pessimism, amirite?

>>49465904
so many retards in crypto
I swear only a few projects have team members with an IQ over 120

It's a good time to buy Optimist?
How much? Should I all in?

OPTIMIST CHADS ASSEMBLE, TIME TO SLURP!!!

>>49466919
It's basically all the liquidity. It could dump the price to 0.0034 if it wanted

>>49465904
This is an Arbitrum board.

>>49465904
Considering the gaggle of drama kid freaks that Vitalik hangs out with are the ones in charge, can this in any way be surprising?

>>49466268
Nevermind it's dumping.

>>49467134
How can one man be so based?

>>49467134
Based

>>49466132
Literally this. Wintermute tested a multisig TWICE and didn't realize they didn't have access to the wallet. The owe the optimism foundation 40 million OP tokens, either by paying the hacker a bounty or buying them back off the market if the hacker dumps. Wintermute has billions so it's a drop in the bucket for them, but people loving shitting on optimism and big dogs are more than happy to buy up what the airdrop jeets panic dump for less than seed round valuation. This shit is ultra low float and has some of the biggest backers in the space.

>>49465904
Crash more i need my shorts to make me bucks

>>49468118
is trading paused for OP on coinbase pro?

>>49465987
> because eth's whole future is riding on L2?
Which is why there are multiple of them: https://l2beat.com/

>>49468570
Only Optimism had that sweet underage feeling of a grassroots punk community though bro

>>49468312
Still works for me. The real nasty theory is wintermute inside job then short on FTX perps, load shorts, break news of the 'hack', then offer to make everyone whole while keeping the profits.

>>49468590
Meh, screw Optimism and their MEV fetish, at least Aztec, Polygon Nightfall and zkSync recognize it for the bug that it is and are attempting to mitigate it with onchain privacy.

what is Wintermute and why do they have so much liquidity? Never heard of them before op
who are the players behind it

>>49468667
how long do you reckon it goes?

>>49468687
russian jews

>>49468590
>grassroots punk community
you're joking right?
they're paradigm's bitch

January 20, 2021, 9:00AM EST · 2 min read

Cryptocurrency market maker Wintermute has raised $20 million in a Series B funding round.

The round was led by Lightspeed and included participation from Pantera Capital, Fidelity's Avon Ventures, and Sino Global Capital, among others. Existing investor Blockchain.com Ventures also participated in the round. The firm plans to use the funds to expand into new businesses and geographies.

In a note to The Block, Wintermute said that it is "highly profitable" but needed the fresh injection of capital to beef up its balance sheet to woo larger counter-parties to its over-the-counter (OTC) trading platform. The firm said that the round was "substantially oversubscribed," noting that some employees also participated.

Wintermute makes markets across 50 cryptocurrency exchanges and traded $50 billions worth of crypto last year. The firm said it is on track to double the amount it traded last month in January.

pantera is joey krug and his merry band of retards
they also backed arbitrum

>>49468687
>Never heard of them before
they're one of the top5 market makers

>>49465904
No one cares, no one uses this scam garbage.

>>49467339
Move along Arbie, this is a MATIC neighborhood

>>49466169
Link now owns the only viable input and output layer and the only viable execution layer
Today will be understood only in retrospect

>>49465904
i closed my short yesterday..

>>49468570
Looks like none of them fucking matter except the one that runs on link nodes

>>49468946
imagine believing this lmfao. link is not relevant for ETH scaling and they can barely put usable feeds on L2. They've been dogging synthetix on a WTI for months now.

>>49468973
>imagine believing this lmfao. link is not relevant for ETH scaling and they can barely put usable feeds on L2. They've been dogging synthetix on a WTI for months now.
brainlet, ghost L2s stuck at 0.01% market shares are because they're not supported by link, link decides who makes it and who doesn't, boba has been begging for months for link support because it's dead otherwise, no dapps will port without link support that's why link is central to L2s success

>>49466169
>>49468910

>>49468973
I agree that Chainlink should stop messing around with Arbitrum and just go back to being a great decentralized oracle network, but in fairness it works quite well on StarkEx for dYdX, so the part about barely being able to put usable feeds on L2 doesn't seem quite right: https://medium.com/starkware/oracle-price-feed-on-starkex-2b15a3ca122

>>49468590
Like woah dude totally cool I am down with this like barely legal sweet underage token Optimism it's like so cool and would totally rock a pizza night with you and other cool devs in an EPIC exposed RED BRICK barcade and we all play MARIO KART BING BING WAHOO

*Cue STAR WARS THEME*

It is a period of Civil War between the reigning Layer Two solutions. The Trans Rebel Alliance, working in secret from within the MEV mafia, has sided with the totally cool and awesome Optimism Devs to peacefully extract the maximum amount of MEV from users to safely deliver HRT to children all over the galaxy and defeat the evil CIS Empire

>>49469180
what a beautiful dance

>>49469041
cope. link is shit. 3 years on mainnet and it's still and eth price checker on select blockchains, many of them dying as we speak.

>>49469060
Yeah they have feeds deployed everywhere, the trouble is they are struggling to deliver accurate feeds for non crypto assets. They've literally spent the last 6 months trying to get a WTI feed on optimism but they can't find pricing data they're statisfied with,

>>49465987
no one uses l2s. they are a fucking meme

>>49468718
>Chainlink TVL zero

They really are fucking fuming at its existence, huh

>>49469470
No LINK is getting 1 million tokens allocated but they objectively have 0 TVL

>>49465904
its going to shit either way. its more expensive and slower than Polygon
why the fuck would anyone use it, let alone with all these controversies surrounding it?

>>49469443
I dunno I'm pretty happy using the zigzag exchange on zksync

>>49469180

>>49469180
>>49469245
topkek

>>49469527
Don't their feeds underpin like 15 of the 20 largest defi protocols? That seems like a loophole to me.

Hahahaha. Op about to be rugged

>>49465904
>Unfortunately, an attacker was able to deploy the multisig to L2 with different initialization parameters before these efforts were completed, assuming ownership of the 20m OP.
nigger what the fuck do you expect me to believe you can generate an address with "initialization parameters?"
"The attackers surfed the blockchain sorry, your eth was claimed"

>>49468667
>>49468738
see >>49470503
this shit does NOT make sense. How tf do you generate a multisig to get a SPECIFIC address?

>>49465904
I almost applied for a job with these people, guess I dodged a bullet there.

Looks like arbi and link bros win

>>49469793
THey do which is why they get and allocation but it's objectively not TVL. Like Synthetix uses link but they have TVL of their own. Link is probably not even going to bother claiming them.

>>49470527
every contract/wallet address will deploy to the same contract addresses in the same order across any evm compatible chain. All the hacker had to do was realize the gnosis vault factory contract was the same address on both eth and optimism and that that factory hadn't made the contract yet. Then all they had to do was keep asking the factory to make contracts until they got the address with the 20 million OP tokens.