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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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."
Forwarded from infinityhedge
Reports of OTC deal where $CRV priced at $0.40
Forwarded from unfolded. DeFi
On the leading lending protocols of Ethereum (Aave), Avalanche (Aave), Solana (Solend), and NEAR (Burrow), the amount of LSTs deposited has surpassed that of native tokens — link