@DriftProtocol Wasn't the insurance fund supposed to be used to compensate drift users in the case of socialized losses, exploits etc? Wasn't that an implied risk for insurance fund staking in the 1st place? I guess drift guys had a lot of their personal funds in there...
@macbrennan_cc Almost every single defi platform on solana got hacked, exploited or was a straight up scam. You're own fkin platform just socialized losses because of drift and we've been farmed for 3 years waiting for your bs token. But yeah defi is awesome...
@FabianoSolana@WisdomMatic That is if you sold everything right away, many people believed the hype bs and staked that shit to 0. Everybody in the ML discord was convinced W and pyth fdv was low at tge lol
@whalespremarket@Backpack 800$ now lowest they've ever been. Imagine holding this from 20k after W airdrop and now getting rewarded for your loyalty as armani puts it, with 300$ worth of BP.
Could have bought 19k worth of BP if you just sold.
@stacy_muur@Backpack@MadLads Except for the couple of 100 madlads the team owns ofc, if not more. Rule #1 of airdropping, always drop a bunch to yourself while maintaining the veil of legitimacy. They've probably been market making too so yeah...