$338.9B in stablecoins in circulation $184.79M of it is non-freezable That's 0.05% The other 99.95% would not survive pressure from governments We curently have CeFi cosplaying DeFi, it's time ship true DeFi How the @polarisfinance_ team plan to fix it: polarisfinance.io/blog/path-…

In May 2022, a bug was quietly introduced into Zcash's Orchard pool. It sat there for four years. Anyone who found it could mint unlimited, undetectable ZEC. No visible trace. No alerts. The protocol would have no idea. On May 29, 2026, a security researcher found it and ZEC dropped 31%. This is not a Zcash story. It is a supply integrity story. Your stablecoin is not immune to this. 🧵

Which stage of despair is this one called?

Meet the new Polaris.

Together, apxUSD and pmUSD decided that regime era of @PharosWatch Stability Index in Bedrock (>90) that lasted for two months is now over They are not big caps so by default have low impact on PSI, but the severity and duration of the depegs adds up to their impact over time

How it started vs how it is going. It has been a little over two months since that phone call with @TokenBrice that led to me joining @PharosWatch. At the time, the account had just 284 followers. Today it has grown over 7x, all organic, with active users growing daily. Pharos has become much more than a dashboard. It is now an everyday tool for founders and DeFi users. We have flagged every major depeg before it reached headlines, launched StableTalks with @leviathan_news hosted by the incredible @DAdvisoor, received community support in the @Giveth donation round, and kept the dashboard completely free for everyone. Pharos started as a good idea. Now it is a must-have. And for context, @TokenBrice sends me more messages than my gf does. For what it is worth, I think she low-key hates me anyway. Pharos grows every single day because of a community that keeps showing up. To everyone who has retweeted, made posts, shared feedback, and even the critics who make us work even harder… Thank you. ❤️

The @PharosWatch daily digest can get spicy, my boy Opus has been well trained: funniest part is how ballistic he's going on pmUSD with the worsening depeg over the last few days

Mythos is dropping in 5h 7m 🤞

Collection of funny facts about "Mythos will rekt DeFi" mentality: 1. Vast majority of the exploits so far have been related to private key mismanagement rather than SC exploits. 2. the incentive on Lazarus & other groups side to pwn big DeFi protocols is so giant that i'd expect future exploits leveraging AI to be mostly linked to smaller protocols (as always) and mainly because it'll bring down the cost of searching for exploits compared to the pricepot at stake. This will partially be compensated by reducing costs in producing safe code / auditing, and adversarial actors have a wider surface to cover, but most likely there's still going to be an increase in small exploits 3. There was a time here in which we used to deposit to tomb forks, algo stables and kebab swaps knowing it was a clock game, now we're scared of a protocol getting exploited, maybe, in the future, meh 4. If you're scared of DeFi yields, look into arbs, there have been plenty in the last 2 months that would have compensated for 1-2 years of yields already (not all at decent sizes though)

So mRe7YIELD NAV oracle (eth: 0x0a2a51f2f206447de3e3a80fcf92240244722395) stopped publishing data a week ago and apart from @PharosWatch, it seems like no one noticed. Meanwhile live reserves for mRe7YIELD are not live-synced and my inner autist is disturbed

A tough spot... who would have thought that in 2026 the game would be waiting for a magnanimous refresh from our token overlords?

Nop, pETH is not a liquid staked version of ETH. Staking yield comes from securing Ethereum, and pETH yield comes from activity inside Polaris. Interest rates, bonding curve swap fees, token conversions, liquidations (and others) get directed back to pETH. So the yield can grow well beyond ETH staking, without relying on staking rewards or counterparties at all. So we actually see pETH as an alternative to LSTs, but with no withdrawal queues or slashing.

There is no better time than now to be launching a decentralised and immutable protocol Yes AI can find bugs and exploit old code, but they can also scan and harden yet to be released code If you remove the human layer (highest risk), new protocols should almost have lindyness advantage over old code in this new era

Recording a new DeFi Frontier about a new upcoming ETH-powered CDP system and yield layer to earn, borrow, and spend, without a counterparty. Stay tuned for a new @Edge_Pod with @polarisfinance_ CoFounder @0xluude, perfect timing for those who still believe in somETHing 🫡

Eagerly waiting 9h until the DDR locks in - DDR so far is 100% correct on terminality (or not) on still a relatively small sample

If you believe privacy is a spectrum, then this table is for you! Aztec is currently the only private programmable blockchain with censorship and surveillance resistance. ps: I actually want more teams to be like us! Users need real privacy, otherwise, we are just repeating the big corporate way of deluding users.

The difference in commit behavior between Claude and GPT is interesting to me, kinda capture well the difference between the models GPT? Short and to the point commit message, no desc, not signed by Codex Claude? His verbose life story in the desc Claude as co-author

For the @PharosWatch high freq/min API keys sub coming at some point, I am thinking of making a payment system based on Safety Grades A stable? => 10% discount B => base price C => 15% D => 30% F or NR => not accepted From a treasury perspective, stablecoins are not equal

Wondering which stablecoin wraps which? Like all stablecoins related question, the answer is on @PharosWatch Check for the dependency context map, ex here with USDC