Honestly I thought we knew this…
Liquidity is a smoke screen, a veil. Its not an indicator of success.
Meld had incredible marketing esp 2021. Staking and smart contracts novel. They played the market, got tons of buy in. They had no good excuse to not produce any defi product on Cardano. AVAX/polygon was their try to recoup their money. It is incredibly hard to rebrand like that.
Unfortunately the markets were not forgiving in that time either.
I personally wasted a year staking meld. I learned a lot about inflation, and liquidity in that time.
The current state of defi itself is a master class in economics. 😅
Look to the people who have been consistent and building. Just because it seems shinny and promising doesn’t mean they will succeed. Esp now.
What do you think the best plan is for a new onboard and $1000?
I was thinking 500 goes to HEX
250 goes to PLS
250 goes to PLSX
The PLS and PLSX farm for INC
The HEX can be staked in a rolling stake until more HEX can be added until large enough to stake longer.
Of course they would use https://t.co/p2Rzro0cFv ;)
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