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LukeYoungblood.eth 🛡️ Profile picture
LukeYoungblood.eth 🛡️
@LukeYoungblood
Building an open financial system @MoonwellDeFi. Previously built Ethereum Staking @coinbase and distributed systems @awscloud. The universe is non-fungible…
Dec 24, 2024 • 19 tweets • 4 min read
Last night, a vault on @Optimism named "Moonhacker" had a vulnerability that was exploited and I'd like to explain what happened.

First, let me be clear: All funds on @MoonwellDeFi are safe and there are no vulnerabilities in the Moonwell protocol. 🧵
The @CyversAlerts team has already deleted the post above that had incorrect information. Here's what really happened:

The Moonhacker vault deployer and the actual Moonhacker are unknown to our team. The vault appears to have been developed to execute a leveraged USDC strategy.
Apr 27, 2024 • 25 tweets • 9 min read
Web3 data is broken...

I didn't quite realize how badly until just recently, but we hit some hard scaling challenges at @MoonwellDeFi as we crossed 40,000 wallets on @Base. 🌜🔵🌛

In the last 3 months, our community on Base has quadrupled. This is a great problem to have... 🧵 Image Before our launch on Base last year, we designed a new data architecture that enabled us to show beautiful market and portfolio graphs in our app. Using GraphQL, we were able to capture daily snapshots of your positions, and show your portfolio history over time.
Jun 20, 2022 • 24 tweets • 67 min read
The last several weeks have been challenging for crypto, web3 and DeFi, but even in the darkest of times, green shoots of life emerge.

🌱 One new blossoming ecosystem is @MoonbeamNetwork - an EVM compatible parachain on @Polkadot.

Let's explore! 🧵 (not financial advice) @MoonbeamNetwork @Polkadot What makes @Polkadot unique? Parachains and shared security. Parachains are distinct L1 networks that can support any use case. Proof of stake validators on the L0 relay chain provide shared security to all parachains and can pass messages between them.
Dec 22, 2021 • 13 tweets • 5 min read
I keep getting asked what web3 is. 🧵 I can send money to my family overseas without paying over 10% in fees and getting cheated by criminally convicted @WesternUnion. What's more, no corporation can deplatform me or censor the transfers of value to my family. consumer.ftc.gov/blog/2020/09/1…