POPA ReconRFV Raid: How Patagon's Lawsuit, Overnight's Treasury Move & Circle's Blacklist Wrecked $12.6M of Zama Users Overnight
RFV Raid: How Patagon's Lawsuit, Overnight's Treasury Move & Circle's Blacklist Wrecked $12.6M of Zama Users Overnight Full story from today's drama 1. What does RFV (risk free value) mean? • Basically the assets that a protocol/DAO’s treasury have (stablecoins) that could theoretically back every circulating token at a guaranteed value • “RFV raiding” / “RFV play” = find a struggling DAO/protocol where: treasury has lots of real money but governance token trades at a big discount (market cap << treasury value). Buy up cheap tokens → accumulate voting power (or just sue as a token holder) →…
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