Why DeFi Investors Should Sh*t Themselves — The Death Of DeFi

Photo by Maxim Hopman on Unsplash

What happened to Terra-Luna and Celsius?

Terra-Luna

was an algorithmic-backed stable coin. In simpleton terms, 1 UST (Terra USD, a cryptocurrency) = 1 USD thanks to arbitrage trading.

Price of UST

Celsius

was a new age bank offering insane APY’s as well, but they couldn’t keep up paying investors in this bear market.

This is proof that DeFi is dangerous and will never be as good as banks.

Two failed projects can’t prove the end of DeFi or crypto in general.

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Felix Tikkanen

Felix Tikkanen

44 Followers

A 17-year-old teenager trying to become the best version possible. I write about blockchain/crypto and self-improvement.