Web3 enthusiast supporting @QBlockchain. Passionate about DAOs, Web3, Governance and DeFi. Opinions are my own.
Hamburg,Germany
Joined May 2008
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Sameer retweeted
My preliminary understanding of the Balancer exploit is the following:
The attacker performs a massive "batchSwap", so that tokens are only moved after the entire batch execution, exploiting the calculation of "in" tokens given "out" tokens.
During many internal swaps, the swap delta Balancer calculates decreases significantly, and the delta becomes negative for both tokens.
Negative delta = pool owes tokens to an attacker.
- How does delta get decreased?
Here are three consecutive swap deltas:
(swap n)
A: -810057686826767072295 + 25626928172 = -810057686801140144123
B: -1188214603037651140957 - 17 = -1188214603037651140974
(swap n + 1)
A: -810057686801140144123 - 38000000000 = -810057686839140144123
B: -1188214603037651140974 + 142678241 = -1188214603037508462733
(swap n + 2)
A: -810057686839140144123 + 8793968805 = -810057686830346175318
B: -1188214603037508462733 - 142678224 = -1188214603037651140957
As we can tell, the net delta has decreased overall:
ΔA: -1620115373657113247613
ΔB: -2376429206075302281914
Which should never happen.
The root cause of the exploit probably lies somewhere in the "_calcInGivenOut" function, leveraging incorrect invariant calculation in such extreme liquidity conditions.
Sameer retweeted
GM and happy weekend everyone!
While everyone has been speculating about the latest discoveries below the pyramids, we have received exclusive pictures that show what's going on there:
Sameer retweeted
Q Protocol 🤝 Internet Computer
2025 starts with a major integration: “ICP Chain Fusion Governance Modules” connect Q’s unique governance capabilities with the @dfinity ecosystem.
Sameer retweeted
we're live on ~120 chains, and i've worked with nearly all of them personally
if you're thinking about deploying an app, these are the ecosystems i've personally found to be most supportive as a builder:
~ @CelestiaOrg
~ @0xPolygon
~ @SeiNetwork
~ @megaeth
~ @movementlabsxyz
~ @irys_xyz
~ @Camp_L2
~ @fluentxyz
~ @BuildOnCyber
~ @0xMantle
~ @MorphL2
~ @modenetwork
~ @weavevm
~ @solana
~ @artherachain
~ @berachain
~ @QBlockchain
~ @Celo
~ @Lamina1official
some of these aren't even chains we support, and they've supported us far more than big-name players we've personally used
this is just my own personal take, not even representative of our team—would love to hear other builders' takes as well
Sameer retweeted
I'll be at the Token Summit in Liechtenstein next week, October 3rd.
🎤Exciting Speaker Announcement!🎉
We're excited to have Martin Schmidt (@martin__a__s), Board Member at Q Development AG, speaking at the #CCATokenSummit2024!
Join us on October 3rd at Vaduzer Saal for a day of innovation and networking. Get your ticket:
eventbrite.com/e/cca-token-s…
Sameer retweeted
Join The Sponsor Talk Now!! 🔥
Q Protocol | @QBlockchain
DeSciWorld | @DeSciWorld
ENS | @ensdomains
#DAOTOKYO
Sameer retweeted
Exciting times at @QBlockchain! From major protocol updates to the QGOV token listing, there's been a lot happening. Q contributors are here to keep you informed and answer your questions. Join us for an AMA with @martin__a__s and @nbiagosch this Wednesday. It's your chance to dive into the latest developments at Q!
📅Date: August 14th
⏲️Time: 14:00 GMT
📢 Speakers: @martin__a__s and @nbiagosch
🔗 X Spaces: teapawt.org/i/spaces/1RDxlyBwnlDKL
Drop your questions in the comments below— the top 3 will receive a reward of 100 QGOV Tokens 💰!
See you there!
Sameer retweeted
We are always pleased to bring a blockchain into the Elk family 🍾
By adding the $QGOV token to our Q ElkDex we have opened the doors for ~30 other chains to join the Q!
1 Pick a chain
2 Swap to $ELK
3 Send the $ELK (inc. some gas for Q Chain)
4 Swap to $QGOV
5 Go explore
🫡
The $QGOV token is now officially listed for trading on Elk Dex! This listing represents a significant milestone for the Q ecosystem, opening new opportunities for users to trade and engage with QGOV in a #decentralized and user-friendly environment. 👉q.org/blog/qgov-now-availabl…
Sameer retweeted
1/8 🧵🚨 Governance attack alert: Compound DAO has fallen victim to a governance attack, potentially costing DAO token holders as much as 24 million USD. The attack exposes a systemic flaw in DAO governance which can be prevented with a simple Q governance integration, adding Shared Governance Security to the DAO’s governance framework. coindesk.com/markets/2024/07… Let’s dive in. 👇
Sameer retweeted
Very good thread! #Governance is often neglected until it fails. And when it fails, it is very difficult to recover.
@QBlockchain provides low friction governance services to DAOs, so they can keep focused on their core business.
Read more on q.org/blog/category/decentra…
The $COMP governance drama isn't exactly what you think it is, everyone's talking about the monetary value of the proposal, but I think its actually more than that.
Let me explain why its deeper than just the money
🧵👇🏾
Sameer retweeted
🤔 @QBlockchain on @arbitrum !!!
Now that is Q uotable news, you can't Q uibble at that!
Q uestion is....how to get Q on Arb?
Q uantum leap????
Let's hope they know someone 😜
#ElkNet let's get stuff moving 🔥
Sameer retweeted
The Q Patron Program is live, rewarding loyal supporters of @QBlockchain!
Commit your QGOV tokens today and receive a total APR of up to 81%.Under the Q Patron Program, you can commit your QGOV tokens for 6, 12, or 18 months. In return for supporting the Q ecosystem and its security, you will receive additional QGOV tokens.
Participate now patron.qdev.li/
Sameer retweeted
🚨 AMA LIVE NOW!
Tune in to talk all things @QBlockchain
teapawt.org/i/spaces/1BdGYElzpzDGX
Sameer retweeted
Rarely have I seen a protocol in #web3 with so much exposure to high level academic persons. Having governance experts as economic advisors or root nodes from @Stanford , @MIT, Boston Uni and a few more. Reaching good gov in web3 feels like a long way to go but this is the way!
Sameer retweeted
⚡️Professor @jeff_strnad from Stanford University has joined the Economic Advisory Panel of the Q International Foundation, the not-for-profit organization behind the @Qblockchain. This collaboration aims to tackle the pressing governance challenges faced by Decentralized Autonomous Organizations (#DAOs). 👉morningstar.com/news/globe-n…
Sameer retweeted
Hi Q community! Great news! The $QGOV token is now available on @launchblockcom 👇
🚨 New Sale Added 🚨
📍@QBlockchain Public Round
🔹 Sale Opens: 15/07/24 12:00UTC
🔹Token Price: $0.2125
🔹Sale Style: Rush (FCFS)
🔹Sale Network: $ETH
🔹Sale Currency: $USDC
$LBP
launchblock.com/project/qpro…
Sameer retweeted
Now tracking Q Infinity on @QBlockchain
Q Infinity campaign incentivizes bridging and locking WETH, USDC, and ELK tokens on the Q mainnet to earn points redeemable for QGOV token rewards
Sameer retweeted
Meet @Qblockchain key contributor @martin__a__s at the Dispute Resolution on Social Media Platforms conference, organized by the LexTech Institute. @LexTech_Inst.
📆Friday, May 31, 2024
⏰From 8:30 to 18:00
📢Panel Speaker: @martin__a__s
🔗Register at: lextechinstitute.ch/eventcal…
Explore how dispute resolution is adapting to the unique challenges posed by social media, and how decentralized blockchain-based dispute resolution can contribute.
Sameer retweeted
1/8 @eigencloud 's latest white paper introduces the "intersubjective" protocol, shaking up the #blockchain world! What does this mean for the future of #decentralized tech? Let's dive in! 🧵👇
