Sometimes this space is a joke and it’s on us to speak up more about it.
A funny story: we were working with some of the same integrators for incorporating Gyroscope’s GYD last year. And the level of due diligence they put on us was so much more than the same integrations for stuff like Stream, which had these huge red flags and which of course blew up.
It ended up making growth things really difficult for GYD but amplifies the unsustainable growth of things like Stream. No value was recognized for Gyroscope’s (still) unique level of onchain risk controls and guardrails. But anything that promises obviously ridiculous yields are ushered straight in without seemingly any diligence.
A little ironically, things might be a lot different now with the value of token emissions collapsing and (hopefully) greater appreciation earned for risk-adjusted yield instead of just yield (and risk) maxing after these blow-ups.
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