Thoughts on latest Algo Hack
1) A $300k hack having significant impact on major ASA pairs shows how thin liquidity is across Algo DeFi.
2) Teams are dramatically under funded and under resourced. If one of the major DeFi protocols has one person running dev, operations, community, marketing, finance - things will get missed. In this case unfortunately it was something critical.
3) D13 to the rescue again. Algo MVP.
All these issues are symptoms of same root issue.
Lack of users
Lack of liquidity
Lack of revenue
Lack of funding
On the human side if you’ve lost funds I’m sorry if sucks.
@Xxiled1 hope your doing ok