I am ready to accumulate lol. I am not sure about the other coin, but few days ago a friend told me about SHIB. So, I looked into their website. There was nothing which it was a bullshit project. When I realized that famous exchanges like Huobi listed it. I opened that website again.. Guess what? There is a whitepaper. LOL!
The whole project is an experiment based on contributions. It may succeed or fail. The project is gonna be DEFI some how... Let's stay tuned for the next bear market
It's going to be sad to see so many people take a beating when the bears roll in. ETH is pumping like crazy and the DEFI craze is like ICOs of 2017-2018. Not much of them will stick around, and those that do might be complete garbage. But maybe we might see one or two gems out of them.
Many rugpulls happened last few days. One of them was Valuedefi. As I thinking of starting farming in a pool. After a week, they got hacked and now I am not thinking of throwing my funds on their pools any more. It's the 5th hack. I think 2 before rebranding the project.
Checkout rekt.news for tge latest hacks in defi world.
I know there was a lot of $ taken in that one, which is insane considering there were multiple hacks before. How do you still trust them with your money when they have been shown to be untrustable?
No. I didn't put my money. I was thinking, but I realized all these hacls after the latests one. 2 hacks in row lol