Hey friends! We’re up for re-election to the @ethena_labs Risk Committee. Voting is live until Sunday. If you’ve found our work helpful, we’d appreciate your vote. Recap → Vote here →

10 years of Ethereum! DeFi grew fast and so did the risks. At LlamaRisk, we watch the edge so you don't fall off. Here’s to the next 10 years of learning and building.

This is thanks to pegkeeper reserves and their precise regulation of the peg. A consistent buffer is maintained by: ✅dynamic borrow rates and careful param calibration ✅ supply sinks like scrvUSD and @ResupplyFi Stay tuned for more updates on $crvUSD pegkeepers .soon

Impressive milestone by @Aave: $50B in net deposits! DeFi continues its march forward. For LlamaRisk, this reaffirms our mission: to minimize risks and safeguard the protocols that power the future of finance.

Attending @stable_summit in Cannes tomorrow? Join our team! 🎤 Aidas will be speaking on securing the stability of delta-hedged synthetic dollars. ⚖️ Svetlin will join a panel discussing legal risk in real-world collateral. Can't make it in person? Tune in online:

Good news, they have RWA legal risk analysis at the function 🤩 Only at @stable_summit, this week - see you in there!

This weekend's volatility triggered 2 of Aave's largest SVR liquidations: 50,296 LINK ($24k recaptured, 65.5%) & 7.91 WBTC ($27.8k, 81%). The total value recaptured is now over $100k, powered by @chainlink. Stay tuned for Phase 3 of SVR on @aave: links and dashboard below👇👀

🗣️ @Aidossiusss, Risk Analyst, @LlamaRisk Aidas will speak on securing the stability of delta-hedged synthetic dollars, exploring risk factors, hedging mechanics and design trade-offs. Catch the risk perspective at Stable Summit. 📍 Cannes 📅 27-28 June

💡 Not all DeFi risk is in the numbers. @0xValJohn from @LlamaRisk explains how qualitative risk analysis reveals hidden vulnerabilities in governance, dependencies and admin access. Why reading the docs isn’t enough to understand protocol risk 👇

🚦 LayerZero OFT Standard: DeFi’s Cross-Chain Backbone? @LayerZero_Core's Omnichain Fungible Token (OFT) standard has brought the bridged asset amount to a total of $44B, underlying an important dependency of this mechanism as exposure of large DeFi protocols grows. OFTs aim to enable native cross-chain tokens, reducing liquidity fragmentation and giving asset issuers customization control. But risks remain: - Security depends on how projects configure their off-chain verifiers (DVNs/Executors). Poor setup = centralization risk. - Adapter-based OFTs (for existing tokens) introduce custodial, governance, and rehypothecation risk — locked collateral becomes a single point of failure. - Legal & regulatory uncertainty is elevated, as omnichain tokens blur jurisdiction and compliance lines. How does it compare? - Traditional bridges: More custodial risk, fragmented liquidity. - Canonical bridges: Secure, but slow and limited to specific chains. -@circle CCTP: Seamless for USDC, but fully centralized. - @chainlink CCIP: Similar issuer control, but fixed security model. Bottom line: OFTs are a leap forward for DeFi interoperability, but security and trust depend on each project’s configuration. Users and protocols must scrutinize particular DVN setups before diving in. Full research in the reply 👀