Atakan Y (@DefiIntro) header
Atakan Y (@DefiIntro) profile picture

Co-Founder of @zentrafinance Previously : Sonne Finance, Mare Finance

Joined January 2021
Photo by Atakan Y (@DefiIntro)Photo by Atakan Y (@DefiIntro)Photo by Atakan Y (@DefiIntro)Photo by Atakan Y (@DefiIntro)Photo by Atakan Y (@DefiIntro)Photo by Atakan Y (@DefiIntro)Photo by Atakan Y (@DefiIntro)Photo by Atakan Y (@DefiIntro)Photo by Atakan Y (@DefiIntro)Photo by Atakan Y (@DefiIntro)
Atakan Y retweeted
Unconfirmed, but possibly massive binance hack. Entire Binance wallet drained into new EOA. Contract call was funded by Tornado Cash
708
934
1,067
7,463
2,113,111
On the 25th, we will withdraw all of the ZNT liquidity from Satsuma and share details of the wind-down process. We continue to track the attacker and will post further updates here as more information becomes available.
2
5
369
Zentra is back online, and markets have reopened following the September 9 exploit. The exploit left the ctUSD reserve short by approximately 139,961 ctUSD against depositor claims. A one-time proportional adjustment of 10.19% has been applied to every zctUSD balance recorded at block 12428145, bringing reserve claims back in line with reserve assets. Withdrawals are now open at zentra.finance. Most of the reserve remains lent out, so liquidity will return as borrowers repay. New borrowing against the reserve remains restricted so that returning liquidity reaches withdrawing depositors first. The adjustment restores the reserve. It does not by itself make affected depositors whole. The 14 September deadline passed without a response from the attacker. Recovery efforts are continuing through technical, on-chain and legal channels, and the bounty is now directed at verified informants. We will provide a further update once the next steps have been confirmed.
2
2
75
779
An initial mitigation was implemented on Zentra today to prevent users from accruing additional interest while the markets remain paused. Interest rates have been set to 0, and the protocol has been paused again while the broader system patch undergoes review. We will provide a further update once the review is complete and the deployment plan and next steps have been confirmed.
1
2
266
895
sUSN markets are live on Zentra Finance! Zentra 🤝 @noon_capital Supply cap : $2,000,000 Max LTV : 75% Reserve factor: 15%
7
5
25
1,285
ctUSD Earn Vault is open to all depositors 🍊🍋 3-pillar strategy: 1) @SatsumaDEX - Trading fees, associated stablecoin yield, $SUMA incentives. 2) @Morpho (Mystic UI) - borrow interest. 3) @ZentraFinance - borrow interest + $ZNT incentives. Start here: app.upshift.finance/pools/41…
6
2
1
28
4,620
Looking for deep, reliable liquidity? Zentra Finance has $1.3M available and borrowable right now. Explore our markets and power up your capital efficiency!
5
5
24
1,321
ctUSD Earn Vault is now LIVE on Zentra Finance! Start earning stable yields on your ctUSD with no leverage, automated across top Citrea ecosystem venues 🍊 Flexible deposits. 24h redemptions. Real Bitcoin capital markets liquidity at work. Deposit now 👇
7
6
88
2,972
Airdrop distributed! Rewards for Zentra Points recipients, active community members, and Discord role holders have been sent out. Thank you for your continuous support and contributions. This is just the start. Check your wallets 👀
20
9
4
89
9,095
We are back online! 🟢 The Zentra app maintenance has been successfully completed. You can now jump back in to supply, borrow, stake, and manage your positions as usual.
The Zentra app will undergo planned maintenance on June 25, 10 PM – 12 PM UTC. During this window, all functions (supply, borrow, stake, unstake, withdraw, repay) will be temporarily paused. Please manage and adjust any high-risk positions accordingly to ensure safety. 🟠
5
11
24
1,344
The Zentra app will undergo planned maintenance on June 25, 10 PM – 12 PM UTC. During this window, all functions (supply, borrow, stake, unstake, withdraw, repay) will be temporarily paused. Please manage and adjust any high-risk positions accordingly to ensure safety. 🟠
3
6
2
26
3,211
TVL across Zentra pools has now surpassed $500K! With almost 2M supply going in, those APRs are looking crazy! Only on zentra.finance
34
19
3
55
3,557
$SUMA rewards are out! ctUSD/USDC : 38% APR 🍊 cBTC/wBTC : 25% APR 🍊 CTR/ZNT : 900% APR 🍊 Are you missing out?
10
8
2
27
4,805
Is CTR/ZNT pool really showing 900% APR? 👀 Yeah it is 🍊
$SUMA rewards are out! ctUSD/USDC : 38% APR 🍊 cBTC/wBTC : 25% APR 🍊 CTR/ZNT : 900% APR 🍊 Are you missing out?
8
12
47
1,530
New to Citrea? This is your start to finish guide: how to bridge your assets onto the network, and how to put them to work earning yield on Zentra. Bridge → swap → lend → stake, in a few simple steps. 🧵
8
11
2
31
1,460
Fully aligned Bitcoin ecosystem 🍊 Capital coordination happens not only at the chain level, but also at the application level. The Satsuma and Zentra flywheel has begun.
The first $ZNT bribe is deposited and the game on Citrea officially begins. With @SatsumaDEX launching their token model, the Zentra flywheel is officially spinning. Let’s break down exactly what this means for $ZNT stakers and $SUMA voters. 👇 🧵
7
8
1
37
3,199
The first $ZNT bribe is deposited and the game on Citrea officially begins. With @SatsumaDEX launching their token model, the Zentra flywheel is officially spinning. Let’s break down exactly what this means for $ZNT stakers and $SUMA voters. 👇 🧵
10
12
2
47
6,107
Total Supply on Zentra has crossed $1M Just days after the LGE concluded. Thank you to everyone supplying and growing with us! More news coming next week 👀
$1M benchmark passed!
9
11
33
1,886