Fluid stats are in:
β 17.84M $ADA in collateral value
β 6.82M $ADA in active debt
β 364 unique wallets
β 286 lenders
β 88 borrowers
β 15.63% collateral share across the tracked lending market
That means incentives are doing what they were designed to do:
bring liquidity onchain, activate borrowing demand, and move capital across Cardano DeFi, beautiful π
@elonmusk People here are working longer hours to keep up with living cost, inflation is high and income isn't catching up. House price & rent has sky-rocket, leaving little disposal income for the family. More children are being born with some kind of spectrum, autism is on a high.
I actually thought the same thing. He left Cardano to focus on his medical research company. Overall, crypto is down, not just ADA, therefore not sustainable for projects. When ADA is up, they praise Charles, when ADA is down, they hate Charles. Same cycle... I've been in Cardano when there is ZERO dapps, before smart contract, just stake your ADA and earn more ADA. This blaming need to stop and start thinking outside the box as a community.
@dangambardello If the community rally behind this project in a Go-fund me concept, it might help during this tough time? I'm happy to donate to a great project.