@KelpDAO just got drained for $292M. That brings DeFi losses to ~$1B in 5 months. But the Solidity bugs that drained crypto for a decade are basically solved. So why are we bleeding faster than ever? AI rewrote DeFi security 🧵

Intense 36h coding with @ShuiTangs but definitely worth it 🙌🏽 Onwards

Now that @AlphixFi is live, I think it's time I introduce myself: • studied CS at EPFL, Cybersecurity at ETH Zürich. • worked 3y as lead smart contract developer at @spectra_finance, a permissionless yield derivatives protocol. • now building Alphix as Co-Founder & CTO. What's Alphix and why does it matter? It's a set of Uniswap V4 hooks that do two things that no incumbent AMM does today: 1. Dynamically adjust swap fees based on real-time pool conditions. 2. Put idle liquidity to work in yield-bearing vaults and redeposit it Just-In-Time via flash accounting when the pool needs it. We started building this about a year ago with a simple thesis: Liquidity providers are getting a raw deal. They face adverse selection, suffer LVR, and their capital earns nothing between trades. We thought: what if the pool could fight back? Dynamic fees that adapt. Capital that never sleeps. That's Alphix. We genuinely believe this is a meaningful step forward for the AMM space. A new primitive built from scratch on Uni V4's hook architecture that fundamentally changes how LP capital works in a pool. We're proud of it, and we're just getting started. What's next: • Additional AMM features are in the pipeline. • Partnerships and Integrations. • Points Program Season 0 launches soon. • We will work openly with our community to improve on existing governance models. To our community: Please join our Discord (discord.com/invite/NTXRarFbT…) and try the product. If something feels off, breaks, or confuses you, tell us. File a bug, leave feedback, ask a question. This is genuinely the most valuable thing you can do for us right now. We'll always do our best to respond quickly and be as helpful as possible. Security is something we take extremely seriously. We have been audited by @sherlockdefi, we maintain a live bug bounty program (audits.sherlock.xyz/bug-boun…) on Sherlock for ongoing protection, and we're committed to continuous security improvements after going live and as the protocol evolves. For a deeper look at how everything works, check out our docs (alphix.gitbook.io/docs/). That said, DeFi is DeFi. DYOR. Never deposit more than you're comfortable with. This tweet is not financial advice. To builders and dApps in the ecosystem: Alphix isn't just for retail users. If you're a protocol looking for: → Custom pools with adaptive fee structures and/or liquidity rehypo and/or other AMM features → Efficient, yield-generating liquidity to tap into Or if you operate a solid ERC-4626 vault, let's talk. Huge thanks to my amazing, cool and super handsome co-founder @ShuiTangs (he didn't write that) and to everyone who helped us along the way: @base for believing in us from day one (Batches 001, IncuBase) @UniswapFND for the amazing V4 hook framework @sherlockdefi for helping us ship securely @0xcush and @ocandocrypto for advising and challenging us @MarinaRaetz for being our biggest supporter And many more! LFB