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@nicky_sap
i build stuff and talk about art
Jun 23, 2023 • 11 tweets • 2 min read
1/11
Let's talk about the elephant in the room - blockchain bridges. They're a cornerstone of DeFi, but right now, they're more like honey pots for hackers. Over $1.9B was stolen in cross-chain hacks in H1 2022 alone. 2/11
It's like we've hit the replay button on 2018, but this time, it's not centralized exchanges; it's blockchain bridges that are falling prey. And this isn't just about lost funds; it's about the trust we're losing in the system.
Jun 7, 2023 • 5 tweets • 2 min read
Too many #crypto teams LARP and say they're building during the bear.

Few are actually building during the bear.

I am proud to say that @DiviProject's team is amongst the few who truly focus on building useful products and not just hype.

Need proof? Read on 🧵👇 Here are all the things we've delivered since crypto winter began.

Some highlights include an entire DeFi platform with cross-chain staking innovations, fiat on-ramp for $DIVI, and wrapped tokens on multiple chains for enhanced liquidity and utility of the token. Image
Jun 7, 2023 • 9 tweets • 2 min read
With all the #SEC drama around #Coinbase, Binance, etc., many people say this is the "big opportunity" for DEXs to become mainstream.

While that is the future I envision, we're still far from that being a viable possibility. 🧵 Image There are multiple key differences btwn a DEX vs. a CEX:

On CEXs

- Order matching is near-instant
- More robust order types since the exchange can execute trades for you (Limit, Market, Stop-Loss, etc.)
- Perps (futures) are more viable thanks to order-matching engines & speed
Jun 5, 2023 • 10 tweets • 2 min read
Thinking through some self-custodial wallet hacks of the past. 🧵👇 BitPay was hacked for thousands of $BTC many years ago (2014?) but it was social engineering.
Apr 26, 2022 • 8 tweets • 2 min read
Wen release?

This release is more important than any previous release, I’m more confident than I’ve ever been in the product, and here’s a thread as to why ⤵️ 1/ We are operating at a completely different level from a mgmt perspective

- We’ve doubled our QA spend and hired a secondary firm
- We’ve overhauled our beta testing program
- Tripled our pen testing and security spend
- Using data-driven insights for actionable iterative dev