7 months ago
Are you a crypto crash rookie?
You need JackInabinet's guide to disaster-proofing your crypto portfolio ☢️
1/6
You need JackInabinet's guide to disaster-proofing your crypto portfolio ☢️
1/6
7 months ago
In response Bankless to his Publication
🙅♂️ Avoid
This year, pegged assets, like liquid restaking tokens & Ethena’s synthetic dollar, captured outsized attention from airdrop hunters but are among the worst assets to hold
Their underlying liquidity is extremely thin & could evaporate instantaneously next downturn
2/6
This year, pegged assets, like liquid restaking tokens & Ethena’s synthetic dollar, captured outsized attention from airdrop hunters but are among the worst assets to hold
Their underlying liquidity is extremely thin & could evaporate instantaneously next downturn
2/6
7 months ago
In response Bankless to his Publication
💸 Automatic Yield
USDM holders automatically receive daily onchain interest payments through token rebases
USDC holders can earn yield by holding their balances on coinbase
4/6
USDM holders automatically receive daily onchain interest payments through token rebases
USDC holders can earn yield by holding their balances on coinbase
4/6
7 months ago
In response Bankless to his Publication
💱 Provide Liquidity
Lending is undesirable due to the possibility of bad debt accrual
Instead, provide liquidity on regulated stable pairs – like USDC-PYUSD – with minimal risk of impermanent loss that would result from holding a depegged asset
5/6
Lending is undesirable due to the possibility of bad debt accrual
Instead, provide liquidity on regulated stable pairs – like USDC-PYUSD – with minimal risk of impermanent loss that would result from holding a depegged asset
5/6
