agree although users and including the most sophisticated ones are taking ridiculous risks investing in opaque half-baked strategies for 10% yield. we need to raise our standards.
Realistically, we've seen $200m wiped off the planet today from the @StreamDefi maleficence & @Balancer exploit. This is in addition to almost $700m in liquidations today. That's almost $1b that wont be participating in markets or using defi in the near future. Crypto fatigue is real. Users are growing weary of getting rekt in Defi and in the market overall. Its a recipe for lower.💀
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