Morpho Midnight has surpassed $100M in total deposits.
As users become familiar with a new market structure, the benefits of predictable rates and greater control over credit terms are becoming clear.
Onchain fixed rate markets are just getting started.
Rubilmax | Morpho retweeted
So basically, today PHP got two critical bugs that let anyone run code on your server without even logging in, which is bad, and then the details leaked before the patch was even out, which is worse, and it works on WordPress and MediaWiki and Magento and Joomla and Laravel, and Censys says like 1.5 million servers are running a version with no fix, so the NSA was like "take your system offline," and the FBI was like "take your system offline," and CISA and the UK and CERT-EU were all like "take your system offline," and then the Prime Minister of Japan, the actual Prime Minister, posted at 5:55 in the morning telling 48.8 million people to take their system offline, so everyone took their system offline, like the Dutch cybersecurity agency took its own website offline, and the Dutch parliament went offline, and the Port of Rotterdam went offline, and Finland and France and Denmark started pulling government sites, and Wikipedia went down, and Archive.org went down, and Asana and GOG and Something Awful went down, and the University of Vienna's webmail went down for some reason, and that's just PHP. Because GitLab also dropped a CVSS 10.0, which is the highest score they give out, for a bug that's been there since 2014, so that's every self-hosted GitLab for twelve years, and then LiteLLM 1.107.0 got hijacked and shipped a credential stealer and a remote access trojan in every single wheel and the Docker images, including latest, and you didn't even have to import it, just installing it was enough, and it's the second time this year, and then Railway paused every deployment on the entire platform because someone got into the environment variables, so now everyone has to rotate every secret they've ever stored there, and TiDB Cloud said someone was walking around inside with stolen credentials for basically a month and an extortion group says they took 10.6 terabytes, and Zeabur got breached for the second time in two months and is just shutting down, like the whole company, and Node.js patched remote code execution and a TLS bypass, and CISA says Plex is being actively exploited, and someone took over 300 Tor exit relays to steal SSH passwords, and SafePay ransomware has hit over 600 critical infrastructure orgs, and India's biggest bank filed a data loss incident, and Japan has been in an official state of emergency in cyberspace since October 9, which honestly explains the 5:55 AM post. Oh, and eMudhra, a certificate authority that's issued over 60 million certificates, whose entire job is proving websites are who they say they are, was supposed to be using private keys that are random numbers over a hundred digits long, and one of them was 4. Just 4. And the others were like 66 and 237. Anyway, it's Wednesday.
Rubilmax | Morpho retweeted
Hi. If elliptic curves are broken so that any exposed public key leads to compromise, and it's not by white hat hackers who save everyone's assets first, your coins are going to zero. Having them in bunker mode is not going to help you. They are still worth zero.
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash.
Holders, starting with large and sophisticated ones, should consider moving the bulk of their funds to addresses that have never signed a transaction. And when they do sign one, they should also move remaining funds to a new address (possibly generated from the same seed phrase).
Don't rush. While I believe there is cause for action a rushed migration would do more harm than good. Don't panic either. Moving assets to protected addresses is a simple, preventative step which does not require new cryptography or new wallets.
IMO it is now reasonable to brace for the possibility that ECDSA breaks before qday, in the worst case in months not years. By "break" I mean fast private key recovery (e.g. in one week) on available hardware (e.g. a large GPU cluster).
Recent days have been humbling for human mathematical intuition. Long-held, unquestioned hypotheses have fallen. This includes the n log(n) bound for integer multiplication and the 3SUM conjecture. In hindsight, May's unexpected disproof of the Erdős unit distance conjecture was our warning shot.
Yesterday's OpenAI drop made it clear that mathematical superintelligence is upon us. They say there are weeks where decades happen. We are about to live through weeks where centuries of mathematical progress happen. Could our magic 64-byte ECDSA signatures be too good to be true? Was it just security through obscurity all this time?
Elliptic curves feel especially vulnerable to superintelligence. Curves carry rich structure, with room for fancy tricks like Schoof, Frobenius, pairings. (By contrast, hashes are designed to minimise algebraic structure.)
Separately, as Ewin Tang can attest, an efficient quantum algorithm sometimes foreshadows an efficient classical one. We should be open to the possibility of a classical counterpart to Shor that breaks elliptic curves and RSA at once.
Also noteworthy is the striking under-representation of cryptographic breakthroughs among the 722 mathematical results OpenAI published. I've witnessed first-hand the US government censoring academic quantum cryptanalysis results. Backroom interventionism is my base case.
I urge large, sophisticated actors to lead by example. Project11's "risq list" (bitcoin-risq-list.projecteleven[.]com) is a great tracker of exposed BTC pubkeys. Binance, Bitbank, Robinhood, Bitfinex, and Tether have an opportunity to harden their cold storage. Next month I'll address institutions in London in a live Q&A (forum.ethereuminstitutional[.]org/london-2026).
Again, please do not rush. Wallets holding under 50 BTC enjoy partial cover from "Satoshi's shield", i.e. his 20K exposed addresses that hold 50 BTC each. Load-bearing signers like oracles and L2 security councils should consider rotating ECDSA pubkeys with every signed message and/or multi-signing with a hash-based schemes like SPHINCS.
Exiting bunker mode safely will require post-AI cryptography. My inclination is to go all-in on hash-based cryptography and avoid structured mathematical assumptions entirely, whether from curves, lattices, or isogenies. A single battle-tested hash (e.g. from the SHA or BLAKE families) yields plausible post-AI security.
The Ethereum roadmap on strawmap[.]org fully embraces hash-based cryptography with end-to-end formal verification as a response to the quantum threat. Those timelines must now be revisited and accelerated in light of mathematical superintelligence. I'll be pushing for maximum defensive acceleration.
Rubilmax | Morpho retweeted
Replying to @longblackcrypto
I’m not overly concerned about revenue when paul is having as much success winning deals as he has. If they become the infrastructure for global lending, monetization will come.
The question for revenue-maxis will be - what price do you pay for a liquid venture play that’s pre-monetization if deposits and loans 10x from here in two years. 20xs? At what point does explosive growth behind an aligned token become something worth owning even without revenue.
Think it’ll be an evolving discussion, and one I’m still working on quantifying, but the most important thing is they keep winning.
My selection of agent skills so far: caveman + ponytail
But it was missing something... Like my very own grain of salt.
So I created github.com/Rubilmax/pigtail, the intern with the tiny notebook who learns the pattern, not the ticket.
It learns your way and accrues power over time
Rubilmax | Morpho retweeted
Je vous propose un graphique qui je crois n'avait encore jamais été fait : les flux monétaires complets Français => sphère publique => Français.
En effet, la sphère publique est une grande machine à redistribuer.
On prend aux Français de plein de manières différentes (TVA, IR, amendes, etc.), ça passe par des administrations diverses complexes et ça retombe dans le poche d'autres Français de façons diverses (transferts, services publiques, infrastructures, etc.)
Ce graph retrace les flux, et permet de voir les transferts par niveau de richesse et par génération.
Cela m'a forcé à faire des trucs rigolos, comme décomposer qui paye vraiment l'impôt sur les sociétés.
J'arrive à la conclusion que seulement 15% de l'IS est payé par les plus riches des actionnaires, et qu'en proportion de leurs revenus, les plus pauvres payent plus pour l'IS. Pourquoi ? Parce qu'une partie du coût de l'IS est portée sur des salaires plus faibles et des prix à la consommation plus élevés.
Ce n'est forcément pas parfait, et je prends tous vos commentaires et corrections. Je pense néanmoins que les ordres de grandeur sont corrects.
Vous trouverez les versions détaillées et interactives ici : francetdb.com/#depenses
(Par ailleurs j'ai ajouté partout sur le site les sources et les formules)
Rubilmax | Morpho retweeted
Do yourself a favor and set this in your pnpm config
Rubilmax | Morpho retweeted
>be me, move to Paris
>romanticize it hard: wine, walks, writing in cafés, reinvention
>reality: 17m² apartment with a shower in the kitchen and a toilet in the stairwell
>landlord says it’s “charming”
>neighbors slam doors like it’s a competitive sport
>go outside and every street is beautiful, every bureaucracy is hell
>spend two hours at the préfecture just to be told I filled out the wrong form
in the wrong arrondissement twice
>meet a girl who works in fashion PR
lives in a 6th floor walk-up, earns €1,400/month, still wears Celine
no one knows how
>everyone smokes but judges you for putting milk in coffee
>try to make friends but everyone’s booked two weeks out and replies to texts like it’s a negotiation
>Americans here pretend they’re not American and speak English with a weird international-school cadence
>guy from Chicago corrects my French, says “we” when talking about strikes
somehow more Parisian than the Parisians
>dating feels like a part-time job
>everyone’s emotionally unavailable but wants long dinners and eye contact
>girl tells me she’s “anti-capitalist”
>splits rent with her dad, only wears vintage Margiela
>I nod like this makes sense
>weekends are for brocantes, wine by the canal, complaining about Macron
>still get goosebumps walking home at night
>still can’t believe I live here
>tfw Paris is crumbling, indifferent, wildly expensive
>tfw I might never leave
>and that’s the most Parisian thing about me now
>c’est_la_vie.jpg
This quoted post is unavailable.
Rubilmax | Morpho retweeted
Happy 10 years to ethereum, don't know where I'd be working if I hadn't dug it 4 years ago
> went on @CoWSwap
> input ENS subdomain as recipient
> do not see the subdomain being parsed as address zero
> see the swap redirected to my address instead of address zero 🥵🥵🥵
Thank you for having covered this edge case (pls democratize resolving ENS subdomains)
Rubilmax | Morpho retweeted
The aim was to give the same UX as using your card, but without any middlemen, here's a demo of it in action:
Rubilmax | Morpho retweeted
Replying to @omeragoldberg
This is an unfair analysis Omer, I know you have a competing product to shill, but this post is engagement bait for the uninformed
What we saw is that a series of trades on the deUSD/USD Curve liquidity pool, representing ~50% of daily trading volume, temporarily pushed the price of deUSD above $1
Given Chainlink feeds for deUSD report the market-wide volume weighted average price (VWAP), the feed’s pricing reflected these trades
The feed was clearly marked as a High Risk Market to reflect the underlying market risk that make the market price of low liquidity/volume assets subject to greater uncertainty or volatility
And as such, protocols need to take precaution when building markets involving such assets
“Chainlink just proved oracles are one of the weakest links in DeFi” is an insane take given Chainlink’s operational track record of not only securing tens of billions in DeFi for hundreds of protocols, but enabling the creation of the DeFi sector as we know it today





























