DeFi top-tier players are pooling funds for an emergency rescue of Aave
1. Background of the incident Recently, the rsETH protocol fell victim to a hacker attack, leaving Aave with a massive gap of approximately $160 million in funds. If this gap isn’t filled, the platform risks a bad debt explosion, user assets could be in jeopardy, and the entire DeFi space would face panic selling.
2. Industry solidarity for rescue To stabilize the situation, key players in the space launched a 'DeFi United' joint rescue initiative, where major institutions and big names came together to raise funds. So far, they have raised a total of 132,000 ETH, equivalent to over $300 million, which comfortably covers the $160 million loss, completely filling the hole.
3. Two heavyweight figures step up to support Joseph Lubin, founder of Consensys, a core player in the Ethereum ecosystem, made a significant contribution by directly putting in 30,000 ETH, making him one of the top contributors in this rescue; stablecoin giant Circle also entered the fray, buying AAVE tokens to support the coin’s price and stabilize market sentiment, preventing panic selling.
What initially threatened to shake the entire DeFi landscape turned into a collective lifeline from industry leaders, with top-tier capital providing a safety net. With enough funds, strong backing, and risks mitigated, Aave has managed to pull through this precarious situation.
Iran stands firm against Trump, ultimately for its own interests
Currently, oil prices are around $113, and if Iran reaches some sort of deal with Trump, the Strait of Hormuz could be reopened immediately, potentially leading to a sharp drop in oil prices, so caution is advised.
We'll see on March 27 (when the U.S. Marines arrive in the Middle East + the deadline for the Strait of Hormuz) and April 9
SIREN first plummeted by 60% and then rebounded by 70%, treating users like dogs!
The big players have controlled about 88.5% of the circulation, it's obvious that the big players are manipulating the market, it's really too dog-like. Many recent altcoins are like this, retail investors should stay away!
Meta directly acquires the AI exclusive interactive platform, Matt Schlicht and Ben Parr officially join on March 16! Even the unofficial token $MOLT surged 250% in a single day! The FOMO effect is truly as legendary as advertised!
During the bear market and the impact of AI, how to find a good job in Web3?
First, completely abandon the job-seeking mindset of Web2! Stop stubbornly struggling with some traditional platforms like Boss or Zhilian in China; many good Web3 teams actually do not rely heavily on these platforms for recruitment.
Instead, the real recruitment battleground is: Discord groups, testnet communities, ecosystem funding projects, and even the circles of contributors who are active daily and continuously deliver results.
While you are waiting for a response from HR, someone on Telegram may have already secured their desired offer.
Secondly, Web3 teams actually do not pay much attention to your educational background (of course, some will say that a degree is a stepping stone, which is also true).
Your on-chain footprint is very important.
🔸 Continuous submission records on GitHub
🔸 Activity level in the industry on X
🔸 Contributions to testnets you have participated in
🔸 Nodes you have operated
The DAO communities you have joined, and even the good reputation you have built up on the testnet, are your strongest business cards; your identity is every bit of effort you put in on-chain and online.
Here are 8 real Web3 recruitment platforms that you can bookmark and refresh daily:
Covering all categories of positions, rejecting ineffective internal friction.
Additionally, I would like to share a proven effective 30-day learning strategy; sticking to it will allow you to rank in the top 10% of all applicants:
🔸 Post 1 piece of Web3 learning content daily
🔸 Participate in 10 discussions in the CT industry
🔸 Apply for 5 suitable positions
🔸 Contribute code to open-source projects
🔸 Join 2 new testnets for learning and exchange
🔸 Output 1 short tutorial or GitHub submission
Quantitative changes will eventually lead to qualitative changes (I know you won't do this, but please believe that as long as you keep learning English, continuously publish your own content, and participate in project content, you will definitely succeed).
Essential content to learn in Web3:
Your on-chain footprints such as GitHub/X account, testnet participation records, airdrop experiences, DAO contributions, etc., can let recruitment teams see at a glance that you are a "deeply engaged person in the crypto field."
Finally, a reminder: building a personal brand, a good post, a quality code repository, or a detailed testnet report can directly lead to job opportunities.
The world is a huge circus🤡, known as the most expensive 'confirm button' in the history of DeFi.
An anonymous whale wanted to exchange 50.43 million USD of USDT for AAVE on the Aave interface.
Due to insufficient trading depth for AAVE, this massive buy order directly crashed the market, with slippage exceeding 99%. In the end, he only exchanged for AAVE worth about 36,000 USD, which means he instantly lost tens of millions.
However, the Aave team responded quickly, with the founder promising to refund the victims about 600,000 USD in fees, and committing to improve the UI/UX design and set stricter slippage limits to avoid similar incidents from happening again.
But what about the remaining losses? After all, the cost of such 'slips' is really too high.