@westcoastbill I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail.
Made me quite sad, but I told him I agreed with all those reasons & that we would probably die, but it was worth trying anyway.
@solendprotocol Just issue a gouvernance vote to steal all the coins from every1 and you won t need to worry about leverage. I m sure the vote will pass
Over the past week of price decline, there has been a significant amount of "shoring up" of DeFi apps by core teams & VCs.
Some of these apps would have death spiraled without additional funds injected and other forms of tech intervention.
The middleman still looms large.