ICYMI, turns out the "most exciting project in defi" was a giant house of cards and collapsed. Consumer crypto lending platforms that were gambling on it are now insolvent and tons of normal users are screwed.
But hey, with prices collapsing and tons of scam projects getting flushed out, we forecast 12-15 months of reduced bullsh*t in the industry!!
ICYMI, turns out the "most exciting project in defi" was a giant house of cards and collapsed. Consumer crypto lending platforms that were gambling on it are now insolvent and tons of normal users are screwed.
But hey, with prices collapsing and tons of scam projects getting flushed out, we forecast 12-15 months of reduced bullsh*t in the industry!!
Here's why the collapse happened: https://www.youtube.com/watch?v=GTBBBy7IYhI
Our timestamped prediction: https://twitter.com/ReserveLodge/status/1260479326065176576
Background for normies: https://www.youtube.com/watch?v=3KZY41SqaTI