# #958 - Vitalik Pitches Options Synthetics, Gnosis Pay Bug, Fluid Incident

> Vitalik proposes options as the base primitive for synthetics, Gnosis Pay suffers a delay module bug, and Fluid rewards compromise.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2026-06-02
**Categories:** digest, vitalik-buterin, defi, synthetics, gnosis-pay, fluid, exploit, security
**URL:** https://ethdaily.io/958

## Content

Quick TakeOptions-based synthetics design.Gnosis Pay delay module bug.Gnosis Chain bridge temporarily paused.Fluid off-chain Merkle rewards incident.Sponsored byETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption. Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.Vitalik Pitches Options-Based SyntheticsEthereum creator Vitalik Buterin published a research post proposing a design for synthetic assets and algorithmic stablecoins, using options as the base primitive to replace debt and liquidations in DeFi. The design splits ETH into long and short exposure assets tied to a strike and maturity, removing the need for real-time oracles. Read moreGnosis Pay Delay Module HackGnosis Pay disclosed a bug in its delay module, the component that sits between the Gnosis Pay card and the underlying Safe wallet. Users were urged to withdraw funds, the Gnosis Chain bridge was temporarily disabled by bridge validators as a precaution, and Gnosis co-founder Martin Köppelmann confirmed all impacted funds will be reimbursed. Read moreFluid Rewards Infrastructure CompromiseFluid disclosed a compromise of its off-chain Merkle rewards distribution infrastructure. An attacker submitted fraudulent Merkle roots, drained an estimated 125,000 FLUID and 51,900 GHO on May 28, 2026, and routed proceeds through Tornado Cash, according to YAM. The Fluid team stated the core protocol smart contracts are unaffected. Read moreOther NewsAave publishes rsETH exploit post-mortemPoid goes live on EthereumOndo Finance shares road aheadHardhat 3 is now stableJoseph Chalom comments on BUIDLAya Miyaguchi comments on EF directionBitmine adds 26,497 ETHPolymarket UMA discourseCoinbase goes live in IndiaThorchain vulnerabilitiesDisclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created

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