CSK3442

Running a protocol multisig with weak governance is like running a high leverage trade with immediate liquidation risk. Only difference is it's other people's money on the line
Ten Solana DeFi red flags sitting in plain sight on chain
- Multi purpose governance keys. Same key approving multisig actions is also trading memecoins, farming airdrops, flipping NFTs, swapping on DEXs. Every dapp it touches is another place that signing power can get phished
- Single signer multisigs. No multisig at all, or one with multiple signers but threshold set to 1. Looks distributed, single point of failure i

Not sure how many warnings Solana DeFi protocols need to harden their security, but there's no better time than the present. Blast radius doesn't just impact internal users. Other protocols potentially get hit in the upstream and downstream too. We're better than this. Come on

Hundreds of millions exploited past few weeks. Drift & now Kelp. Many other protocols caught in the crossfire & impacted a lot of people. Still amazes me how this happens time & time again while protocols sit on the same vulnerabilities as the ones that got hacked. What else is so important? Upgrade your security, UI updates & new tools can wait. Wild how complacent people are. Hits different when it's other people's money at risk instead of your own, right? User safety > company revenue

Can we pump these charts

Two new tabs on solgov
GovWatch - tracks governance config changes, voter activity, and execution speed across 33 protocols. All on-chain verified
Blast Radius - helps map protocol dependencies so users can see what they're connected to. The Drift exploit affected 22 protocols through connections that caught people off guard

I think the next update on X should remove profile pictures and names so we just have to guess who's saying what on the feed

If you want an insight into how most people trade on CT, just look at how frequently they jump from one ai model to the next

Keir starmer, donald trump & anthony albanese all speaking today. Should be fun

Caught up with the ufc this morning whilst hitting the incline walking pad whilst hitting Claude Code via remote control. Who says men can't multi task? Wife in disbelief