Decentralization is not indifference, Sui's response has inspired me a lot Recently, Cetus' contract has been attacked, and many people have been discussing it for the first time Can transactions still be frozen? Is this still decentralized But I believe that decentralization should not mean 'doing nothing'. If we can only watch hackers transfer funds every time, what is the purpose of the existence of validators? The response on Sui this time showed me a kind of 'warm' governance: It's not using super permissions, nor has it rolled back, But rather, all parties coordinate spontaneously, and validators do not package hacker transactions, Ecological projects block the exit together, willing to risk economic losses to maintain the safety bottom line. This is the power of decentralized collaboration. Although Cetus had issues this time, Sui itself is safe, The ecology on Sui is still worth paying attention to. For example, @ MMTFinance After this event, MMT was the first to open up. I actually had some funds deposited in MMT @ MMTFinance before the incident occurred on Sui. At present, Sui is providing subsidies to MMT, and the returns are very good. Is MMT safe? @MMTFinance's sense of security is not shouted out, it is made. For example, we often see many projects asking audit firms to prepare a report before they go live, and we feel that it is "qualified". But MMT's logic is quite different, they are more like people doing infrastructure. Audit is just one step, what they care more about is ——Is the system itself capable of withstanding pressure and running in various extreme situations. For example, their smart contract permissions have implemented multi signature control, and it is not possible for someone to change the logic just by making a decision. The front-end and back-end are not all handled by one set of accounts, but are managed separately from different dimensions. This means that even if a part is attacked, the entire system will not collapse instantly. For example, their code testing is not just random testing, but runs "full coverage+extreme scenario" simulations for each version, and even includes some known loopholes that hackers will exploit (such as the integer overflow problem in CETUS, which they have already prevented in testing). In this incident, MMT's performance made me rediscover the concept of 'project responsibility'. They did not wait for the foundation to give orders, but responded proactively and linked with other protocols to block the hacker's path. Many people don't know that for a DeFi project, this kind of thing actually requires "real money and silver" to bear the risk. Because every little delay in recovery means more liquidity and revenue loss. At present, MMT's incentive pool sui usdc has a post incentive return of up to 254%. I am a condom myself and then go to group LP to mine profits. (The following is purely a personal operation, please conduct your own research, non-financial investment advice!) The steps are as follows: 1: If you have a position in Sui, you don't need to hedge or borrow currency. If you don't have a position in Sui, open an equal amount of short position in Sui. Remember to put enough margin to offset any potential losses caused by Sui fluctuations. Alternatively, you can go to OKX or Binance to pledge other coins for lending. Path: OKX Exchange - Explore in the bottom right corner - Top Lending 2. Whether it's pledging to borrow coins or starting to open a hedging account, there will be a handling fee, but as long as the current revenue of MMT can cover the handling fee, it can be profitable. 3. Enter https://app.mmt.finance/liquidity?state=v3 Connect the wallet in the upper right corner. 4. Directly withdraw coins from the exchange to the on chain OKX wallet of SUI Chain. I am in the SUI-USDC group, so I withdrew these two coins. Because the fluctuation of sui is quite large, I have chosen a range of 20% up and down for my interval 6. In my position, you can see your LP situation. Click on claim all to claim profits, and click manage to manage the range or increase/decrease the withdrawal of funds.