(Looking at my $xLQDR bag)
Remember when we used to buy a random ass unproven token and locked it for 2+ years and that was like, normal?
What were we smoking, collectively?
The journey consisted of putting 7 figures in many different protocols including @AaveAave, @YetiFinance, @traderjoe_xyz, @QiDaoProtocol. Some better than others. None offers the combo of capital efficiency, peace of mind, predictability and practicality that @CMEGroup can offer.
I put so much effort into finding a great way to borrow against my $BTC in a safe, capital efficient way. You know what the best solution is? Old school CME $BTC futures. Way better than anything in DeFi.
Yes, I know it's not apples to apples. And of course no real $BTC held. Just like no real pork bellies held with $PRK futures. I don't care about purity, I'm looking for exposure. And I trust CME more than literally any smart contract or CEX.
I have an $ETH stack, but I strongly believe PoS will be a major negative. PoW, as antiquated as it is, ties real world resources to virtual ones. Without that, it will be extremely difficult to maintain value outside of bull rushes.
It's safe to say this is the end of DeFi 2.0. It's a ghost town now, dominated by parasitic TOMB forks which don't even try to hide their Ponzi nature.
I'm sure there will be further innovation and things will come back to life. But I'm having a hard time seeing what it might look like. I know that financial alchemy or P2E ain't it.
@mmniomm @bneiluj@privacy_cloud There have been no considerable harm since CA. Compare that with the data leaked in 100s of hacks. Or the implications of government surveillance.
It's not the intent tracking (by reputable companies) that is actually harmful to you. People are barking at the wrong tree.