While I admit that the rewards for staking $BOOP are pretty decent APR wise in the past few days since it launched, the platform unfortunately has ended up becoming a PvP like its OG nemesis.
I was online for the past hour to see it work. Over a 100 new memecoins launched in an hour and only 4 of them graduated... that's like a 4% graduation rate... and the worst part, all of them tanked immediately after trading on raydium went live. The @boopdotfun platform like others in the Solana trenches is not making things better... at least for now.
I hope some day we come out with better products to onboard the masses to crypto. This certainly is not the way. We can't be just like web2 where the rich or the early or the insiders or the extremely lucky only make wealth while the rest are exit liquidity.
That said, I've still got some BOOP staked coz I feel @dingalingts and his team there are taking feedback and improving things as we move ahead.
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