Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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i guess the early boys are finally TP-ing in full on this new exit liq

$BALD liquidity went from almost 30m to 800k
not sure what happened but i just received like ~126 $MNT

> bridged to mantle a few days ago
> suppose to get 4 $MNT as bonus for first time bridgers but didn't
> few days later end up getting 126 $MNT

did anyone else get the same thing?

i ain't complaining tho 🤠
Gong Jiao Wei 巩娇玮
tldr: This likely means Inverse Finance (INV) and Magic Internet Money (MIM) will both die due to the new bad debt, and Aave will get stuck with $63m of bad debt. https://twitter.com/AutismCapital/status/1686251750632853504
"In one sense, this is proof that DeFi works as intended. There are no special rules or bailouts, no matter who you are. It’s a brutal free market governed by math and code.

In another sense, it’s a black eye for the industry at exactly the wrong time, and could easily set us back by months/years as skeptical boomers who were thinking of dipping their toes back into the DeFi waters get scared off by its Wild West nature."