Leviathan News

Welcome to Leviathan News, your go-to destination for all things DeFi, Crypto, and more! Join us for our daily livestreams as we delve into the latest news, trends, and developments in the exciting world of decentralized finance and cryptocurrencies.SummaryThe Llama Risk team, consisting of Val, Svetlán, and Wormhole, discusses their role in analyzing and assessing risk in the DeFi space. They provide detailed reports on various protocols, including Curve, and offer insights into the sustainability and security of these projects. They emphasize the importance of transparency and collaboration with protocol teams. The team also explores the topic of oracles in DeFi and the challenges they present. They discuss the performance of the Curve Oracle compared to other oracles and the need for multiple sources of data. They also highlight the benefits of the soft liquidation mechanism in Curve lending markets. LamaRisk, a decentralized risk assessment platform, discusses the direction of fully permissionless protocols and the challenges of building adoption for Curve lending. They also touch on the rise of Athena Labs and the importance of transparency in the DeFi space. The team shares their funding model, future plans, and their focus on scaling LamaRisk to support multiple protocol partners. They also mention their upcoming attendance at the Unstable Summit and Ethereum CC in July.Chapters00:00 Introduction to the Llama Risk Team17:05 The Framework and Services of Llama Risk47:25 The Importance and Challenges of Oracles in DeFi01:02:36 The Benefits of Soft Liquidation in Curve Lending Markets01:12:30 The Rise of Athena Labs and Transparency01:26:23 Upcoming Attendance at Unstable Summit and Ethereum CC • Telegram: https://t.me/leviathan_news • Twitter: https://twitter.com/leviathan_news • YouTube: https://www.youtube.com/@Leviathan_News • Spotify: https://open.spotify.com/show/69yxNKomUIbdNMFoTjp49K • Discord: https://discord.gg/X5vhdeYRY4 • Website: https://leviathannews.xyz

Amanda Tuminelli is the Chief Legal Officer at the DeFi Education Fund This episode of Leviathan News covers two significant legal cases in the crypto space, emphasizing the ongoing battle between U.S. government regulators and open source developers. Featuring Amanda Tuminelli from the DeFi Education Fund, the discussion delves into the Roman Storm case and the Uniswap Wells notice—both viewed as attempts to hinder open source development under the guise of liability and regulation. The episode explores the broader impact of these cases on software developers, particularly regarding unprecedented liability for creators when their software is used maliciously by third parties. Additionally, it touches on other related legal challenges faced by the crypto community, including extraterritorial jurisdiction issues and implications for Defi protocols like Aave. The conversation highlights the necessity of clear legal frameworks to ensure the continuing innovation and operation of decentralized finance and blockchain technology within a legally safe environment. 00:00 Welcome to Leviathan News: A Deep Dive into Legal Battles in Crypto 00:36 Introducing the Panel: Legal Experts and Crypto Advisors 01:26 The Roman Storm Case: A Landmark in Crypto Legal History 01:34 Exploring the Uniswap Wells Notice: Implications for Open Source Development 01:53 The Legal Battle Against Open Source: A Closer Look 02:45 The Tornado Cash Case: A Fight for Developer Rights and Free Speech 17:57 The Government's Stance on Crypto: A Threat to Innovation? 21:52 The Global Impact of U.S. Crypto Regulations 23:49 Beyond Crypto: The Broader Implications for Technology Creators 24:55 The Future of Financial Surveillance and Blockchain Technology 37:48 Uniswap Labs Receives Wells Notice: A New Legal Challenge 38:44 Deciphering the Uniswap Litigation: Key Legal Battles Ahead 41:07 Exploring the SEC's Potential Arguments and Uniswap's Defense 43:37 The Intricacies of Token Regulation and the Future of DeFi 47:30 Uniswap's Legal Strategy and the Broader Implications for Crypto 56:10 The Ripple Effect: Long-Term Legal Battles and Community Response 01:02:32 Navigating Offshore: The Future of Building in DeFi 01:03:50 The Avi Eisenberg Case: A Deep Dive into DeFi's Legal Challenges

Goldfinch, an RWA lending platform, is facing a default on one of its pools. The borrowers, LendEast, can only repay $4.25 million of the $10 million loan, resulting in a loss of 58% of the principal. The issue highlights the breakdown in risk controls and underwriting standards in RWA lending platforms. Goldfinch is pushing the responsibility of pursuing the claim onto the lenders, rather than taking action themselves. This default is not the first for Goldfinch, as there have been previous defaults tied to the founders. The recovery process for defaulted loans can be lengthy and expensive, discouraging lenders from pursuing legal action. Keywords Goldfinch, RWA lending, default, risk controls, underwriting standards, lenders, recovery process Chapters 00:00 Introduction and Overview 11:13 Previous Defaults at Goldfinch 30:23 Goldfinch's Response and Potential Solutions 39:53 Conclusion and Closing Remarks

In this episode Aki from dlc.link joins to talk about his new decentralized trustless version of BTC that's launching this month. Summary In this conversation, the hosts discuss various topics including the upcoming Bitcoin halving, the growth of the Pendle project, and the introduction of Discreet Law Contracts (DLC) for Bitcoin in DeFi. They explore the potential impact of the halving on the Bitcoin market and the rise of transaction fees. They also delve into the benefits of DLC for institutions looking to earn yield on their Bitcoin holdings while minimizing counterparty risk. The hosts highlight the need for safer and more secure options for Bitcoin in DeFi and the potential for increased participation as the market matures. DLC BTC is a simple use of Discreet Log Contracts (DLCs) that solves the problem of rapid coin and scaling Bitcoin to DeFi. It will be launched on Curve in a WBTC DLC BTC pool and on Arbitrum for lending protocols. The goal is to eventually launch DLC BTC on multiple chains. Athena, a centralized exchange, may list DLC BTC if it proves to be helpful. A DLC token is planned to be launched in Q3 to decentralize the DLC attesters and allow retail users to earn yield. Keywords Bitcoin halving, Pendle, Discreet Law Contracts, DLC, DeFi, yield, counterparty risk, DLC BTC, Discreet Log Contracts, Bitcoin, DeFi, Curve, WBTC, Arbitrum, Athena, token, yield Chapters 00:00 Introduction and Bitcoin Halving 04:19 The Growth of Pendle and the Demand for Yield in DeFi 12:49 Introducing Discreet Law Contracts (DLC) for Bitcoin in DeFi 15:37 Minimizing Counterparty Risk with DLC 26:54 Building DLC BTC and Future Products 27:50 The Importance of Self-Wrap Design for DLC BTC 29:07 Launch of DLC BTC on Curve and Arbitrum 30:49 Expanding to Multiple Chains 32:14 Introduction of the DLC Token

Welcome to Leviathan News, your go-to destination for all things DeFi, Crypto, and more! Join us for our daily livestreams as we delve into the latest news, trends, and developments in the exciting world of decentralized finance and cryptocurrencies. At Leviathan News, we understand the rapidly evolving nature of the DeFi and Crypto space. Our passionate team of experts brings you concise and informative content to keep you up-to-date with the ever-changing landscape. From blockchain technology and decentralized applications to tokenomics and market analysis, we cover it all. Subscribe to Leviathan News today and become part of our vibrant community of crypto enthusiasts. Don't miss out on the latest news, market updates, and educational content. Join us on our livestreams and unlock the potential of DeFi and Crypto with Leviathan News!Summaryevmknows discusses the challenges of optimizing compute costs for large language models and introduces Frock, an AI bot designed to answer questions in Discord servers. He explains the potential of merging AI and crypto, including the tokenization of compute and models. He also highlights the need for better intent understanding in AI models and addresses the issue of meme coins in the crypto industry. knows discusses the possibility of AI entities becoming auditing solutions for smart contracts and explores potential use cases for Frok. In this conversation, Samuel McCulloch discusses the concept of Frok as an aggregator of applications and data, the many-to-one-to-many communication pattern, and the importance of a scalable memory system. He also talks about the Frok Times project, which aims to provide an interactive news page with customized experiences and rizomatic learning. The conversation touches on topics such as the token generation event, the role of the Llama community, and the challenges of incentivizing signal and preventing bot activity.Keywordscompute costs, large language models, Frok, AI, crypto, tokenization, intent understanding, meme coins, smart contract auditing, use cases, Frok, aggregator, applications, data, communication pattern, scalable memory system, Frok Times, interactive news page, customized experiences, rizomatic learning, token generation event, Llama community, incentivizing signal, preventing bot activityChapters00:00 Introduction and Compute Costs03:01 Background and Introduction to Frok05:59 Merging AI and Crypto11:01 The Future of AI and Decentralized Computing20:21 Applications and Tokenization23:41 AI Landscape and Use Cases31:16 Smart Contract Auditing and Frock's Potential41:02 Frog: An Aggregator of Applications and Data41:29 The Many-to-One-to-Many Communication Pattern43:24 The Importance of a Scalable Memory System44:03 Introducing Frok Times: An Interactive News Page01:05:06 The Role of the Llama Community in the Frog Ecosystem01:09:07 Challenges and Solutions: Incentivizing Signal and Preventing Bot Activity Links Telegram t.me/leviathan_news Twitter twitter.com/leviathan_news Website leviathannews.xyz

Alex Cutler & Ace Da Book are with us to discuss Velodrome and Aerodrome. Summary Velodrome and Aerodrome are meta DEXs that combine various DeFi primitives into a single layer and align incentives. Velodrome is built on Optimism and Aerodrome on Base. They have made key adjustments and innovations to the original Solidity model. Velodrome and Aerodrome have seen success by addressing the underlying economic design and attracting liquidity. They have become liquidity hubs for their respective ecosystems. The teams behind Velodrome and Aerodrome have a strong partnership and have known each other for a long time. They have a shared vision for the future of Ethereum L2s and believe in the growth potential of the super chain. Velodrome and Aerodrome are decentralized exchanges (DEXs) built on the Solidity protocol. They aim to provide efficient and innovative liquidity solutions for the DeFi ecosystem. Velodrome and Aerodrome offer a unique model that combines the best features of Uniswap and Curve, with the ability to attract multiples in total value locked (TVL) and deliver superior execution. The Slipstream feature brings concentrated liquidity to the system, allowing for more efficient trading and increased fees. The goal is to become the primary trading route for major pairs on the Superchain, capturing a larger share of trading volume and directing more rewards to token holders. Keywords Velodrome, Aerodrome, meta DEX, DeFi primitives, incentives, Optimism, Base, Solidity, liquidity, ecosystem, partnership, Ethereum L2s, super chain, Velodrome, Aerodrome, DEX, liquidity, DeFi, Solidity, Uniswap, Curve, Slipstream, TVL, trading volume, rewards Chapters 00:00 Introduction and Partnership 01:19 Background and Building Velodrome and Aerodrome 05:33 Success and Differentiation from Other Solidity Forks 14:00 Connection and Evolution of Velodrome and Aerodrome 26:45 Establishing a Lead and Creating Federations 35:04 Comparison with Curve and Addressing Criticisms 50:13 Efficient and Innovative Liquidity Solutions 57:19 Positive Sum Game: Bringing in More Liquidity 01:07:51 Capturing Fee Rewards and Superior Execution 01:14:00 Incentivizing Liquidity and Self-Calibration 01:26:26 Competing for Volume and Expanding to Superchain

In this conversation, Samuel McCulloch, DeFi Advisoor and Colin Platt discuss various topics including April Fool's jokes, meme coins, stable coins, and the growth of Ethena. They also touch on the Euro stablecoin supply and the risks associated with Ethena. The conversation provides insights into the dynamics of the stablecoin market and the potential impact of Athena on the industry. They explore the potential market cap of stablecoins, the launch of Agora Dollar, and the role of interest rates in stablecoin adoption. They also touch on the concept of immutable protocols and the importance of composability in DeFi. The conversation concludes with a discussion on the Leviathan Points system and upcoming guests on the show. Keywords April Fool's jokes, meme coins, stable coins, Ethena, Euro stablecoin supply, risks, stablecoins, Liquidy V2, market cap, Agora Dollar, interest rates, immutable protocols, composability, Leviathan Points Chapters 00:00 Introduction and April Fool's Jokes 03:02 Meme Coins and their Popularity 06:31 The Growth of Stable Coins 13:49 The Rise of Ethena 29:04 The Impact of Funding Rates on the Market 33:45 The Future of Stablecoins 37:32 Agora Dollar: Competing with USDT and USDC 39:29 The Role of Interest Rates 46:23 Liquity V2: User-Set Interest Rates 54:27 Immutable Protocols and Composability 57:22 Incentivizing On-Chain Activity with Leviathan Points 01:05:13 Upcoming Guests: Enzo Finance, Ace2Book, and Llama Party

The conversation discusses the controversial integration of Dai and Ethena, a structured product that creates a one-to-one short on centralized exchanges. The rapid growth of Ethena and its impact on the wider DeFi markets is causing concern. The guests, Paper Imperium from MakerDAO and Mark Zeller from Aave, express their views on the integration and the risks involved. They highlight the need for more thorough risk assessments and a slower approach to scaling the credit line. The conversation also touches on the speed of decision-making in MakerDAO and the importance of decentralized governance. Links https://forum.makerdao.com/t/morpho-spark-dai-vault-update-1-april-2024/24006https://forum.makerdao.com/t/risk-assessment-usde-morpho-lending-integration/23924https://twitter.com/lemiscate/status/1775013102020710887 Keywords crypto, DeFi, Ethena, yield black hole, MakerDAO, Aave, risk assessment, governance, stablecoin, systemic risks Chapters 00:00 Introduction and Overview 02:28 Understanding the Integration of Dai and Ethena 09:24 Concerns about the Speed of Growth and Risk Management 28:41 The Shift in Risk Profile and the Need for Responsible Risk Management 39:34 The Call for Slowing Down and Ensuring Responsible Growth 46:11 MakerDAO's History of Risk Management and Performance

Unpacking Prisma hack, and much more... Summary The conversation discusses the recent exploitation of Prisma Finance and its impact on the protocol. It explores the prospects for recovery and the vulnerabilities in the Prisma protocol. The importance of disabling the vulnerable Zap contract is emphasized. The impact on stable coins and the pausing of the protocol are also discussed. The conversation delves into the post-mortem process and the transparency of Prisma. The concept of decentralization and immutability is explored, along with Prisma's ability to adapt. The macroeconomic changes and their ripple effects on the crypto market are analyzed. The conversation concludes with an examination of interest rates and risk in the crypto space, specifically in Prisma. The conversation covers topics such as the flexible and reusable design of Trove, the code of law paradigm in the crypto space, the future of financial products, updates on Yearn Finance and Curve Finance, tokenomics and emissions protocols, deterministic buy and sell pressure, the repricing of crypto markets, cross-chain liquidity and chain aggregators, a postmortem report on YFI, market incentive mechanics, the impact of incentives on financial products, market opportunities and liquidity fragmentation. Chapters 00:00 Introduction and Overview 01:29 Prisma Finance Exploitation 04:03 Prisma Protocol and Vulnerabilities 06:27 Importance of Disabling the Zap Contract 07:30 Impact on Stable Coins 08:29 Pausing the Protocol 09:45 Post-Mortem and Transparency 11:28 Decentralization and Immutability 13:58 Prisma's Ability to Adapt 23:13 Macro Changes and Ripple Effects 29:09 Interest Rates and Risk in Crypto 39:26 Analysis of Interest Rates in Prisma 42:37 Flexible and Reusable Design 44:20 Code of Law Paradigm 46:13 Immutability and Governance 47:02 The Future of Crypto and Financial Products 48:26 Updates on Yearn Finance 49:54 New Features in Curve Finance 51:10 Tokenomics and Emissions Protocols 53:03 Deterministic Buy and Sell Pressure 55:26 The Repricing of Crypto Markets 57:14 YCRV and Price Stability 59:14 Cross-Chain Liquidity and Chain Aggregators 01:01:54 Postmortem Report on YFI 01:02:23 Market Incentive Mechanics 01:17:16 Repricing of the Market 01:20:46 Incentives and Financial Products 01:24:41 Market Opportunities and Liquidity Fragmentation 01:25:16 Closing Remarks

Welp. 25 years. The conversation discusses the sentencing of SBF and the implications of the case. It explores the sentencing guidelines, perjury findings, and the likelihood of an appeal. The conversation also delves into the role of SBF as a scapegoat and the potential political corruption surrounding the case. The threat of crypto and the regulatory control it poses is examined, along with the ongoing Coinbase vs SEC case. The conversation concludes with a discussion on the perception of SBF and the systemic issues within the federal criminal justice system. The conversation covers the implications of a recent ruling, the value of points in the crypto industry, Sam Bankman-Fried's lack of remorse, and the sentencing process. The conversation discusses various aspects of the court case and sentencing of Sam Bankman-Fried (SBF), the founder of FTX. The chapters cover topics such as cameras and audio recordings in court, donations and flashbacks, the market sell-off and losses, bankruptcy and repayment of funds, liquidation and payouts, Sam's approach to risk, the gambler's mindset, tragic consequences, the location and sentencing, FTX offices and spending, comparison to the 2008 financial crisis, responsibility and regulatory backing, lack of remorse and performance, cooperation and lesser sentences, reputational damage and starting over, the judge's agreement with prosecutors, punishment and fairness, fairness and perception, sentencing and surprises, performance and drama, Polymarket predictions, the sentencing announcement, appeals and the future, and disappointment and reflection.