how did a whole team collectively think insider trading was a good idea
A note on the Polymarket positions you've seen on-chain - the account named "P2P Team" is ours.
We wanted to come out honestly. The capital came from our foundation account and all proceeds return to it. Here's the full picture.
10 days before our raise went live, we placed bets that we'd hit our $6M+ target. At that point we had one oral commitment from Multicoin ($3M) - no signed term sheets, no guaranteed allocations, nothing binding. We were betting on ourselves.
We'd told the market we were raising over $6M. We believed we could. That bet was our way of backing our word with our own money at a moment when the outcome was genuinely uncertain.
Over the following 10 days we made our case, secured commitments, and the raise closed at $5.2M - entirely from outside investors we don't control.
We understand why this raises questions. Trading on an outcome you can influence erodes trust. We don't believe we were trading on a done deal, but we recognize reasonable people can see it differently. We named the account "P2P Team" deliberately - to give a marketing signal of our presence to the community and reflect our intent to be transparent. But intent isn't the same as action. Not disclosing at the time was a mistake we own. We took time to study the legal implications before speaking, which is why we stayed silent until now with a "No Comments" stance! - that too is a fair criticism.
All proceeds go back into our futarchy-governed MetaDAO treasury. We will be liquidating all positions in the next few hours and are putting together a formal company policy on prediction market trading going forward.
One thing we want to be unambiguous about: MetaDAO (@MetaDAOProject ) had zero knowledge of or involvement in these bets. We're genuinely excited to join this community and wanted to start on the right note - which means being straight with you about this.
the usual suspect @gauntlet_xyz vaults have $7.5M+ direct exposure to @ResolvLabs RLP / USR
affected markets:
– Gauntlet USDC Frontier (Ethereum)
– Gauntlet USDC Core (Ethereum)
– Resolv USDC (Ethereum)
– Seamless USDC Vault (Base)
and they were still allocating liquidity during the exploit 🤡
token sale failed for @USDai_Official
now it’s trending on X
at least they saved on marketing budget
ACI and @Marczeller brought the receipts ✍️
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Base is increasing minimum base fee from 0.002 → 0.005 gwei
But base fees have already often been ~0.004–0.006 gwei. So we’re not really paying more, just a higher floor
Calling this “better performance” and “anti-spam” is a stretch
Unless Base is expecting more demand
Bullish or not?
Tomorrow we're increasing the network's minimum base fee from 2M to 5M wei to improve network health, stability, and user experience while staying cheap relative to steady-state fees. This improves three core areas:
• Better Performance via faster transaction inclusion during traffic spikes
• Price Stability from a more predictable surge pricing model where fees stay at a consistent floor during normal hours and scale during peaks.
• Network Integrity to protect the chain from low-value bloat and spam
Updates will be posted on our status page status.base.org/
Valuable lesson here:
Always review your Claude code with your Claudebot first
Seeing a lot of “Apollo founder in Epstein files” takes on the Morpho news.
Couple of things:
- The person being referenced left in 2021, not the current leadership
- Apollo has participated in major crypto deals like Kraken without this sudden moral panic
- This is one of the largest institutional commitments into a DeFi governance token to date
Big step for @Morpho. Big step for DeFi.
Let’s not self-sabotage it with noise
And this is still happening with KOLs like @stacy_muur
Shilling obviously engineered squeezes as “slept on”
While retail gets rekt
Good read for on-chain context:
xitter.cf/WazzCrypto/status/2014…
This is a power play by Labs and sad to see strong disalignment with DAO
The community sentiment is reflected in $AAVE price action today
The recent DAO alignment proposal has been moved to Snapshot after extensive discussion. We realize the community is very interested in a path forward and is ready to make a decision.
Time for tokenholders to weigh in and vote.
snapshot.org/#/s:aavedao.eth…
Most tokens have nothing to do with the actual business behind them. Just public fundraising with zero value-flow.
- $AERO sends 100% of trading fees to veAERO lockers and protocols pay bribe for emission votes
- $GMX pays out 30% of fees in ETH/AVAX to stakers
- $PENDLE turns emissions into an auction market where vePENDLE holders get paid by protocols for yield
Who else is actually sharing revenue with holders?
I believe in Aave’s case, this revenue flows to the DAO and gets used for buybacks.
But where does that value go for $LINK holders? @chainlink
Since launching SVR on Aave, $8.2M has already flowed to @aave and @chainlink.
→ $5.3M for Aave
→ $2.8M for Chainlink
Both win.
Best duo in DeFi.






























