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
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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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