I've been adjusting to the time difference in Europe these past few days and didn't manage to send an update in time. I previously wrote about the insurance pool returns from resupply, which have been quite good, and with the nested curve crvUSD, you can get an annualized return of several tens of percent by mining and selling. When things went south, several friends immediately messaged me, and luckily, I had already pulled my funds out because I found the FX returns and leverage more interesting at that time, so I consider myself one of the lucky ones 🥺
For everyone investing in DeFi, you must be aware of the risk of projects being hacked; there’s no such thing as free money lying around waiting for you to pick it up. However, how the project team responds and whether they can provide users with a fair and just explanation is another matter. If you're interested, you can check out @22333D's video to understand the events and their background.
Lastly, I advise you that while mining can be fun, always remember to keep your main funds in a cold wallet. Open multiple wallet addresses for mining and store them on different computers/phones. Only gamble with money you can afford to lose in DeFi; otherwise, if something goes wrong one day, you won't have anywhere to cry.
3D Rights Protection Record | 002
Today, I mainly want to chat with everyone about these three questions:
1⃣ What is the relationship between Resupply and Curve?
2⃣ Why are we so angry 😡?
3⃣ How is it that the Resupply team gets stolen from an average of 10 million every year?
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