@giantant73@BTC_for_Freedom parking at Dapps must be more selective before committing there such as seeking information about the team, business strategy, portfolio management, and future innovations that will be carried out
@amongthepossib1@PrestonPysh Staking at CEFIs can be more profitable because the time waiting for Bitcoin bulls can still get passive income from the tokens given. Several CeFIs such as YieldApp, and SwissBorg can be considered if you look at the performance in the bear market
@amongthepossib1@PrestonPysh the rarer it certainly affects the price. If you look at the current market, it can be used as a moment to buy and accumulate it
@elsa13106390@ASvanevik On the other hand, CeFIs, which did not put Luna/UST, were not affected, like YieldApp which never included the two pairs on its platform
@giantant73@CNBC Celsius, Voyager, and Hodlnaut were shaken by the Terra ecosystem's collapse and the domino effect of the bankruptcy of 3AC because Celsius & Voyager lent their customer assets to 3AC
@giantant73@CNBC yes, an unstable market is challenging to predict, but for holders at CeFIs, any market conditions can still profit without selling off the assets they hold
@elsa13106390@washingtonpost Hodlnaut's reasons are like Celsius, which is no longer an open secret for bankruptcy: some of the reasons before bankruptcy were market conditions, halting withdrawal, and restructuring plans
@elsa13106390@WatcherGuru Poor combination of risk management and business strategy. Even at the time of the collapse, they still spend inappropriate funds on things that are not in favour of the users
@hurshey09@coinbureau Yeah... CeFis which included Luna/UST experienced financial crises such as BlockFi, Voyager, and Celsius. only YieldApp does not include the two pairs
@brunoMoon17 @jchervinsky That's right, Celsius made other DeFi think hard and demanded to continue to secure the assets of its users and innovate with the features on the platform