Eww... you mean you didnt make enough trades to 0-sum your $Ada.... damn sucks to suck I guess. Keep holding my exit bags for me though lil homie.
#crypto#Cardano
This another devastating blow!
It’s sad to see teams we’ve built alongside for so many years struggle to keep the lights on.
We have so many plans and innovations to bring to Cardano and we are still optimistic for the future of this chain
Thanks you for everything @TapTools, I hope for the sake of everyone this isn’t the end of arguably the most useful tool on Cardano
I bought Ada in 2020 and all the way through the bull run, even after ATH. Bought NFTs, supported projects, rarely sold anything Cardano related to this day.
I cashed out my life savings in 2023, during the last bear lows, and put most of it in to Cardano.
I have worked to build in this ecosystem without a salary for 3 years now.
I have put my own ADA up for payrolls to ensure our employees get paid.
I have sacrificed everything to be here. I have always believed in Cardano. I have shown up every single day for the last 5 years.
That’s why I won’t sit here quietly and watch it all burn down around me. That’s why I won’t sit around and watch the people who have lived comfortably, making none of the sacrifices I did, continue to strong arm governance because their payday is running out.
Yet I see dReps and CEOs attacking the community for how they vote. Is this really what we signed up for?
Governance was supposed to be our chance as a community to have a real voice and it’s being completely diminished by propaganda and bullies. Attacking people on the timeline because of how they voted is just pathetic and not the governance I signed up for I helped conceive.
The system was finally showing signs of strength, pushing back against expenditures, forcing accountability from previous years, and ushering in a new era of Cardano, where the community fully decides.
Unfortunately that is clearly not the reality. A few dReps hold all the power, most have their hands in or around the FEs. It’s ok. I am not as mad at the centralization of voting power. I’m mad because we aren’t being listened to.
Asking for basic stuff to make an educated decision, or have fiscal clarity, is not FUD, it’s called being responsible.
We should hold everyone equally accountable at this point. There should be no varying standards. And I mean this socially as well.
I hope people really take a long look at where we are, how we got here, and what’s currently going on before they continue to vote. We have about half the NCL left, let’s make sure to use it extremely wisely. We can’t afford to miss.
Happy Sunday!
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@shaggyrax Ill agree thats what they say. But honestly, I think its just a "Makes money why upgrade it?" Mentality. I believe places like Minswap have the ability to do it but dont wanna pioneer anything, even if it starts the next stage of defi, because they are currently comfortable.
Wait... theres people in DeFi let alone Cardano DeFi that still stake their LP when its not for double down on reward farming? 🤨🤨 Also, vyfi has the transaction cart system. Batch all those pairs and trades at the same time. V3, en route! #DeFi#BestSinceTheBeginning
VyFi is the only choice for smart money to farm on Cardano - stop wasting fees on transactions this blockchain doesn't require
If there is a farm or pair you can find on VYFI let us know!
@shaggyrax Honestly, I think the worst part and one of the things holding back Cardano is NONE of the larger company's are tryingnto upgrade to leverage other aspects the network. Like why are our Dexs still on the L1 with no clear timeline when they move to an L2 and leverage Hydra?
Cmon, #Cardano, we shouldn't be making fun of the kids in $ETH $Aave or any of the other shit cryptos for all these hacks and exploits. We should be buulding them a security base on the Cardano L1 and having them work off that bridge. Everyone knows #Ethereum is a $Ada layer 2.
Kelp DAO's rsETH bridge exploited, nearly $300M gone.
Aave wasn't hacked, yet still had to freeze its markets.
That should tell you everything about modern DeFi risk.
Maybe it's time to focus on architectures that minimize trust assumptions.
UTXO models are a good example.
Whether you’re using @MinswapDEX , @CswapDEX, @SundaeSwap, @wingriderscom, @Uniswap, @PancakeSwap or ANY other DEX
…the formula has stayed the same.
Users pay for unnecessary transactions.
VYFI broke that pattern.
Stakeless LPs remove the extra steps and make DeFi simpler and cheaper.
It’s time to move past legacy design.
@IOHK_Charles@Padierfind@timbharrison It shouldn't have to go through you cuz we are decentralized. But also... fuck a partner chain. THIS IS ABOUT CARDANO BABY!
@Cryptofly777 I said this back in 2021. That if things go correctly than ada stays at $1 because it becomes the nee baseline. Let @VyFiOfficial hit $10 while Ada is at $1.
Thats the real goal.