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fiddy
11-04

About 10 months ago I mentioned how permissionless markets carry immense reputational risk. This was after the MEV Capital, Gauntlet Usual fiasco at Morpho. Now this has bled over once again but to Euler and Morpho. Effectively, Aave runs a DAO-curated model. And this has been

fiddy
@fiddyresearch
01-11
Permissionless markets present a fundamental challenge: when issues arise, as they did today with Usual, it is often the platform that suffers the reputational fallout. In this case, Morpho’s name is being dragged through the mud. One might argue that such episodes will pass and
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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