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2/x Firstly, go and take a look at the $pAAVEv2 lending pool. All of the details are in there and you can see the 9e6f taking control of $pAAVE, $pMKR, and likely $pBAL at the same time. otter.pulsechain.com/address/0x7d27…
2/x WARNING: This is not a token to rush out and buy. Its price should be $pDAI + $pMKR savings rate (which is ~$0.03 today). There is ~28m locked in $ETH but I have not completed any due diligence so the risk is yours if you decide to use it. DYOR.
https://x.com/NineIronCapital/status/1865196253463875961
2/x Above is what i believe RH is building. You have three lines of defense. The OA bags collateralize $pDAI as we have always thought and it what drives the inevitable peg to $1. None of this changes the path to pegging, it is all related to how we stay pegged
Firstly, thanks a lot to @TantoNomini for doing the work before launch to open up the AMM wallets and the no expectations wallets. https://x.com/TantoNomini/status/1656797661029351425
2/x In the early days we discovered a 547 $ETH payment using tornado cash to the $MKR team. We were wrong about that. After analyzing this transaction again, and spending days understanding the $MKR system, it is clear this was RH taking control of MKR.https://x.com/NineIronCapital/status/1690992520560599041?s=20