A path forward for Moonwell beyond Nomad

[chip]

Thanks for the response.

I did not think my accusations were baseless and fully understand DYOR. I was simply asking questions. I think it is important to know if the people engaged in a discussion are receiving WELL tokens or not.

You mentioned you were impacted by the bridge. Were you able to remove funds from Moonwell when the hack happened? I think yesterday in the following discussion Bkase.eth – Delegate to me you mentioned that there is liquidity on the nomad bridge . Did you succeed? As far as I understand this information is incorrect. Nomad bridge is still frozen so you cannot actually redeem nomad assets.

@Luke

Octavius is a contributor to Moonwell, you can clearly see him on the home page of the moonwell.fi website. There is no intent to hide anything. He’s doing his best to explain a complex topic of credit risk in DeFi to you, but you’re misinterpreting his statements and it looks intentional to me.

Saying that I am misinterpreting his statements is not true. This goes back to the following:

@Luke

Chip, I just wanted to mention one thing here that you might not be aware of. Adding more bridges increases risk, as the Moonwell protocol takes on the risk of all the bridges supported. So adding additional bridges beyond Nomad wouldn’t decrease risk, it would only add to the overall risk of the system. Thanks for your comments.

Where I make an argument that having all assets from 1 bridge increases your risk of catastrophic failure but decreases your risk of minor failure. As I stated I am not an expert. To further explore this topic I asked questions and those questions were not answered. I was then discredited by @octavius, who then tried to redirect the discussion down the path he favoured. I asked @octavius twice what his position in all of this is:

@chip

besides being a Moonwell moderator, what is your position with regards to this incident? Have you lost assets in the hack? Do you receive any funds from Moonwell?

@chip

I specifically asked you earlier what your positions is in this? That is relevant to the discourse. If you know where peoples interest lie then you know what their motivation is. I am assuming that you are receiving funds from Moonwell.