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Share the knowledge about Defi Content of this event:
What NOT to do in Defi/Crypto?
- Pool 2 Epic fails (Algo stablecoin project) What is Pool 2? What happened? the coin went into death spiral, price dropped in minutes = severe IL Project eventually failed completely Lesson: Understands the nature of the project, don't invest more than you're willing to lose.
- Lost 60% of ETH in an exploit (Rari Capital) Liquidity Mining. Staking in early project vaults to receive gov tokens. Lesson: Research the team behind the project
- FOMO buying into hypes
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Yearn Finance & KryptoCamp - 04/15 Fri 2100 Defi Talk AMA
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DANA9487
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Share the knowledge about Defi Content of this event:
What NOT to do in Defi/Crypto?
- Pool 2 Epic fails (Algo stablecoin project) What is Pool 2? What happened? the coin went into death spiral, price dropped in minutes = severe IL Project eventually failed completely Lesson: Understands the nature of the project, don't invest more than you're willing to lose.
- Lost 60% of ETH in an exploit (Rari Capital) Liquidity Mining. Staking in early project vaults to receive gov tokens. Lesson: Research the team behind the project
- FOMO buying into hypes
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