Crypto Dawg

🐕 in metaverse 🤡 in RL

[Crypto Dawg @CryptoXDog]

@alexsongis Would love to get how you are thinking about risk as an ex-credit guy.

Main source of risk seems to be the DeFi contracts are buggy.

Seems reasonable if the APR is less than the loan interest, collateral is in a coin that is liquid, and if loans are decently-collateralized.

[Crypto Dawg @CryptoXDog]

@ghosttyped Great thread 🙏!

Liquidity is a big factor (I'd trust $BTC, $ETH, and $SOL) but also what % of the loan is collateralized. You'd feel better about a system with over-collateralized loans vs loans with a small % being collateralized.

[Crypto Dawg @CryptoXDog]

@dumbcontract2 Take makes no sense. That P/E number is based on transaction fees burnt. More of a signal of how expensive ETH txns are vs SOL.

[Crypto Dawg @CryptoXDog]

gm

Bought my first NFT from @SolanaValley with the @phantom wallet. Traded some @solana for some @ProjectSerum via phantom as well.

Finally expanded out of $BTC after 4 years, excited to join the metaverse

#wagmi