189 Photos and videos
CryptoticT retweeted
Jun 13
"The promise of tokenized finance is not simply that assets can exist in digital form. The promise is that assets can move across institutions, networks, venues, agents, and settlement environments while remaining acceptable to regulated parties.
That is the hard part.
Control without portability becomes an internal database.
Portability without control becomes unmanaged risk.
The institutional future requires both."
This $LINK marine gets it
Jun 13
Check out my latest article: On Chain Does Not Mean Safe to Hold linkedin.com/pulse/chain-doe… via @LinkedIn
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Jun 12
Wow I just noticed that there’s both, Chain X and also Chain Y on this diagram. But there’s only one Chain Link CRE.
It’s been confirmed $LINK is the real bank coin.
@ $XRP $QNT
It's not up for debate anymore.
Today's document find confirms Chainlink is the connector between 11,000 banks, SWIFT and every crypto network.
Directly from the ICMA document today:
"The SWIFT blockchain provides a single point of entry to multiple other distributed ledgers."
"Routing of conventional SWIFT messages is orchestrated by the Chainlink Runtime Environment."
"Communication between distributed ledgers is governed by Chainlink's CCIP."
11,000 banks. Every blockchain. No traditional infrastructure upgrade needed. Plug and play.
This is not speculation.
ethereum:0x514910771af9ca656af840dff83e8264ecf986ca $XRP $HBAR $SOL $CC $QNT $XDC
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CryptoticT retweeted
Jun 2
citi just validated the entire CCIP thesis as the interop layer for $8.2T tokenized markets
banks already picked their infrastructure
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CryptoticT retweeted
May 18
The crypto industry has long had an irrational obsession with L1 gas coins and ignored other categories of infrastructure
Of the top 20 crypto assets by market cap:
• 75% are L1 chains
• 15% are stablecoins
• Only one asset is non-chain infra
Weighted by market cap, the imbalance is even more extreme:
• 88% L1 coins
• 11% stablecoins
• 0.3% non-chain infra
This is a temporary phenomenon, blockchains are increasingly becoming commoditized infrastructure, and yet all of them depend on Chainlink $LINK for real-world institutional use cases beyond speculation
The DTCC (the legally mandated settlement infra underpinning U.S. capital markets) choosing Chainlink to power 24/7 collateral mobility on the DTCC's blockchain should be a wake up call for everyone
The institutions are here, and 1) they're building their own blockchains and 2) they're choosing Chainlink for secure data, cross-chain, privacy, compliance, and orchestration capabilities
The current crypto market cap distribution reflects current sentiment not long-term value capture
May 17
People who underwrite what chains are worth or what they will "win" just entirely ignore the elephants in the room.
There has not been a single post from any crypto pundit, VC, blogger, researcher, podcaster, timeline shitposter that has underwritten a recent chain valuation which incorporates DTCC's Collateral Appchain or Swift's payment chain into for their model and thesis.
DTCC, which settles and clears $4 quadrillion per year for all US capital markets, has their own chain, which is launching Q4 this year, for global collateral markets.
SWIFT, which enables about $5 trillion in payments per day, is also launching their chain this year for cross-border payments.
These are not new, random VC funded L1s trying to solve a "cold-start" problem. They're not looking for random developers nor interested in the 14th forked copy paste of Uniswap. They're not going to be doing an airdrop or paying social media slop merchnats for attention whoring.
These are the largest financial market infrastructure in the world, transitioning their *EXISTING* operations, which are of a size that dwarfs the entire crypto industry by orders of magnitude, simply onchain.
There is, however, a protocol, Chainlink, and a platform, Chainlink Runtime Environment, that is actually going to be used by these permissioned chains in production, so you can actually purchase exposure to this behemoths.
The ticker is $LINK.
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CryptoticT retweeted
May 30
🟩There are a lot of blockchains.
🚨There is only one @chainlink $LINK
That’s the part I keep coming back to.
@The_DTCC can use Stellar, Canton, their own AppChain, or whatever chain comes next. Good. That’s what a multi-chain financial system looks like.
@swiftcommunity can keep its messaging rails. Banks can keep their legacy systems. Institutions can use public chains, private chains, appchains, custodians, payment rails, tokenized assets, collateral systems, and whatever else they need.
All of that still has to connect.
It needs verified data. It needs interoperability. It needs orchestration. It needs secure execution across different systems that were never built to talk to each other.
That is where $LINK sits.
Swift has already shown Chainlink can connect its existing global financial network to tokenized assets across multiple blockchains.
DTCC is now leveraging Chainlink CRE and the Chainlink data standard.
CCIP connects value across chains.
CRE coordinates the workflows.
This is why I don’t care when one chain gets a headline or when $LINK price action gets boring.
A blockchain can get replaced.
The need for Chainlink does not go away.
Chainlink Labs isn’t a public stock I can buy.
$LINK is how I get exposure to the network.
Chainlink is the best infrastructure in crypto, and the market is barely catching up.
That’s what is available to me, so that’s what I’m buying.
I know what I own. 🦾 Stop chimping out!
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CryptoticT retweeted
May 28
x.com/chainlink/status/18640…
DTCC is using Chainlink 100X more than the two chains you listed off.
Chainlink's protocol and platform, Chainlink Runtime Environment, is actually integrated directly into DTCC's primary chain, their own DTCC Collateral Appchain to build all of their workflows for collateral management.
Those other chains only capture activity that spills over off of DTCC's chain.
3 Dec 2024
.@The_DTCC explains how #Chainlink enables the combined transfer of value and data across hundreds of blockchain networks, supporting the transition to near instantaneous settlement within financial markets.
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This whole Project Agora from BIS and people trying to shoehorn $XRP is fascinating to me
You can literally just google accurate things, but people are still living on a pipe dream from a decade ago lol.
One day people will actually just use source material to make deductions instead of making things up lol
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May 26
$ZRO shills are so [redacted] they are trying to shill Canton to $LINK marines.
$LINK is a Super Validator.
May 26
I know more about link than you.
Als think critically about (1) nothing on Hyperliquid uses LINK and (2) they just negated oracle middleware for prediction markets via their own nodes. That and projects are paying HL to deploy there, whereas god knows how much link DTCC and Swift got to talk about unverifiable PoCs to nowhere.
Fundamentally, Canton can and will do the same — guess who runs nodes on both? Hint: NOT chainlink. They have their network of trustmebro they totally exist DONs.
I’m long link, but not for the dumbass reasons you cling to.
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CryptoticT retweeted
May 22
Pyth (@PythNetwork) has been down for 4 hours already.
One by one @chainlink competitors are falling down the stairs...
It's time the industry got serious.
Non-Chainlink solutions need to be flagged and replaced if we want this to be "the future of Finance".
status.pyth.network/
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CryptoticT retweeted
May 23
After how the $aave team handled the LZ $zro hack incident I have to question their competence at this point.
@StaniKulechov why no restrictions in OFT assets? Why not go after LZ for full compensation? LZ team is continuing buybacks while Aave buybacks are paused?
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CryptoticT retweeted
May 21
issues with routing offchain payments/deals through CLL and the
$link
reserve: 1) dividends mean its a security 2) the company has to report it as income and has tax implications on it. CLL website has multiple open positions for tax related roles.
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CryptoticT retweeted
May 10
🚨IF YOU INTEGRATE @LAYERZERO_CORE FROM HERE ON OUT TO ANY OF YOUR APPLICATIONS, YOU ARE PRACTICING GROSS NEGLIGENCE OF SECURITY. @CHAINLINK SHOULD BE THE ONLY OPTION. DO NOT CHEAP OUT ON YOUR INFRA🚨
$LINK ONLY
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May 10
The biggest hurdle to the adoption of the industry is becoming the venture capital that was meant to kickstart it.
Choosing an unserious team to secure billions is [redacted]. Who knows what other exploits are possible due to poor opsec.
Just use ethereum:0x514910771af9ca656af840dff83e8264ecf986ca
.@USDT0_to has been a leader in how they utilize @LayerZero_Core from the moment they launched. They continue to set an incredible standard for how to build and operate and are closing in on 1M transfers & $100B transferred.
Incredibly grateful to have them as partners
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CryptoticT retweeted
Chainlink has been building decentralized oracle network (DON) infrastructure for nearly a decade
There’s now over 2,000 Chainlink DONs in production securing $110 billion in value and powering 70% of DeFi
Chainlink Labs, fundamentally, is a security company
They took the same security principles behind the Data Feeds that secure DeFi to build the most secure cross-chain protocol: CCIP
Why any developer would take on the unnecessary risk of using any other solution is beyond me
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CryptoticT retweeted
May 8
Heeaaaaaaaaated debate broke out in the ETHSecurity Community Telegram earlier today between LayerZero’s Bryan and security researchers.
TLDR summary:
- $3 billion of LZ OFTs were recently at risk of being compromised due to a default library contract that LZ Labs could upgrade instantly with no timelock to forge messages (like what happened with rsETH hack)
-According to Banteg, major projects like Ethena and EtherFi were STILL using this default library contract as of a few weeks ago
- There is still $178 million in value exposed to being compromised from projects using default library (look at quote tweet)
- LZ Labs doesn’t need to be malicious for this be risk, they have history of poor opsec (in addition to being hacked by North Korea):
- Onchain data shows LZ Labs multisig signers were engaging in non-multisig signing activity like trading memecoins, swapping on DEX, bridging. All major phishing risks as this mean production multisig keys were connected to websites, not just used for signing
- LZ Labs handled private keys like a high schooler, trading memecoins on production multisig keys, no wonder they got targeted by North Korea, who knows what other poor opsec they have?
THREAD BELOW
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CryptoticT retweeted
Absolutely the final nail in the coffin for Layer Zero.
@LayerZero_Core have written an entire novel defending layerzero and COMPLETELY IGNORED THE PART WHERE THEIR OWN CENTRALIZED INFRASTRUCTURE WAS INFILTRATED.
Bizarre.
Zero.
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After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP.
From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi. Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin.
There are questions that the ecosystem deserves answers to. And we are ensuring rsETH is secured by infrastructure that doesn't leave these questions open.
That’s why we’re setting the record straight.
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8/
So let me get this straight....
SmartContract Inc. filed a patent for a system that silently embeds itself into every major bank on earth. watches all transactions. signs on their behalf. plugs into existing infrastructure without requiring changes. operates through 16 nodes that answer to no single authority. cannot be removed once adopted.
They named it BAL. 😂
BAAL is the ancient Canaanite demon of hidden knowledge and institutional control. worshipped by powerful organizations who didn't fully understand what they were inviting in. omniscient. already inside. impossible to uninvite. demands offerings in exchange for execution.
"non-custodial by design" is exactly what BAAL would put in his readme. 😂
I am delusional levels of long. ethereum:0x514910771af9ca656af840dff83e8264ecf986ca
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Apr 29
$LINK is not just a price feed, not just a bridge, not just a proof of reserves, not just a random number generator, not just an ID verifier, it’s not just all of these things and more. Entire stack tied together by #CRE
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Apr 29
Crazy staking $LINK gave me $ZRO tokens I could dump for more $LINK pre-hack.
Just hold $LINK & only use protocols fully utilising @chainlinklabs.
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