This morning’s @makinafi exploit is yet another reminder: DeFi rewards come with real risks. Quick safety checklist:
☑️ Diversify - never all-in one protocol, no matter how solid.
☑️ Audits matter - skip if only cheap/unknown ones.
☑️ Team history - red flag if serial projects with past "incidents".
☑️ Transparent yield — if strategy is black box and no clear source → pass.
☑️ Proof of reserves - huge plus. Shoutout @Accountable for pushing transparency across the space
Wishing the Makina team a swift and transparent resolution. Stay vigilant, frens, better safe than sorry.
#PeckShieldAlert @makinafi has been exploited for ~1,299 $ETH (~$4.13M).
The hacker was frontrun by MEV Builder (0xa6c2...).
The stolen funds are currently held in 2 addresses:
0xbed2...dE25 ($3.3M) & 0x573d...910e ($880K)
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Some numbers that blow your mind
According to @stablewatch, 88 yield-bearing stablecoins launched last year.
However, according to the @redstone_defi report, the TradFi market for yield-bearing assets is still 100x larger than the crypto market.
We’re fantastically early!
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Not gonna lie, I probably won’t miss the yappers.
They were getting tokens worth hundreds of thousands for low-effort content and racing each other to dump into the market.
Maybe the space will get a bit cleaner.
We are revising our developer API policies:
We will no longer allow apps that reward users for posting on X (aka “infofi”). This has led to a tremendous amount of AI slop & reply spam on the platform.
We have revoked API access from these apps, so your X experience should start improving soon (once the bots realize they’re not getting paid anymore).
If your developer account was terminated, please reach out and we will assist in transitioning your business to Threads and Bluesky.
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Great lineup that really reflects the current meta. In 2026, there will be hundreds more stablecoins and tokenized assets — that’s exactly why we’re building Convey. We’re betting on massive growth in this space and near-limitless opportunities.
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#Monad is distributing nearly $100k in daily rewards, so we couldn’t help but share some of the most profitable strategies.
1. We’re happy to be early birds in @MuDigitalHQ and receive a nice bonus from the pre-deposit phase. But that’s not all, there’s a way to further maximize returns on $AZND and $muBOND.
Lend $AZND and $muBOND on @TownSquarexyz to earn an additional ~15% APR and ~20% APR respectively.
2. $MON holders can stake their tokens with @0xFastLane to receive $shMON at ~12% APY. The obtained $shMON can then be added to @CurveFinance for up to ~27% APY.
Rewards are also claimable daily on @merkl_xyz.
Happy yield printing!
All links are in the comments below 👇
