Month: August 2022

The Ruins of Crypto

What’s the status report after the quake? Well, it’s not pretty. The Anchor fiasco toppled Defi 2.0, which was a self-serving leveraging scheme. To be clear, nothing is wrong with being a Degen, but it becomes deadly for everyone in DeFi when degen trading becomes the main engine of the system. This is what happened. […]