6.5k Abstract xp this week.
It's not much compared to a lot of people but I'm very pleased with that. Gold tier here we come!
Thanks to @hamieverse for the epic xp card ๐ฅ
DeFi is increasingly becoming a joke.
You get terrible yield on most protocols and there is like one new nine figure hack every two weeks.
Why would anyone put money into one of these protocols?
You get like 2% APY but there is a big chance you wake up one day to your entire portfolio being obliterated
@OnchainChemists Not an item but 100 chefs per bakery is too restrictive. There's no chance of a new team breaking into the top 5 rn so new people (including me) arent even joining this season as the top 5 teams are already full
@retiredchaddev 100% agree. There have been so many hacks and exploits it really isnt worth the risk for a few extra % yield. Drift was the final straw for me and I'd warn anybody away from using defi
@macbrennan_cc Does this line suggest that if you lended to Drift via P0 you're taking a big haircut?
"I'm happy that for P0 users who aren't Drift lenders, risk has largely been contained."
@asteraappai Very true. In that case I cant see anybody is going to get much value from trying to arb manually if there are bots doing the same a lot faster
@IncomeSharks Have you ever thought about Copy Trading on a platform like @eToro? Your public calls seem to have a solid track record so you could make some decent money on there from people following you