I may upset some people with this, but here it goes.
My list of protocols I trust, and those I don't trust with my money.
Let's start with the last category. A thread 1/11 🧵
2/ Don't trust: @ethena_labs / #ENA / #USDe
This basis trade synthetic token remains untested.
Until it passes a proper bear market, USDe is still a concept that's not validated.
Reason to be concerned? USDe mcap is growing big fast = higher risk when bears return.
5/ Don't trust: @MetaMask wallet
Popular wallet, but lacking in terms of user security and UI.
Plus high fees for their native swap. Best to seek alternatives. I got a suggestion later in this thread.
6/ Trust: @aave
Biggest money market in crypto and passed a bear market already.
They do proper due diligence and their governance is one of the best in the space. @lemiscate
Highly recommended if you want to put your assets to work or get some nice loans.
7/ Trust: @GMX_IO DEX
Before we had Hyperliquid, people got excited about $GMX.
Recently, they had a hacking incident and came out of it without issues and extremely professional.
They passed a bear market well and it's the one place you get paid to buy Bitcoin.
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