Basically every platform that paid interest (new token, referred to as a synthetic) on users staking a token, went bad during the bull (defi, didn't work out that well, because no one found a use case for the synthetic tokens) so they were paying monopoly money to hold your.. insert token here. I had some misgivings going in, but I still went in hard and held too long.
Throughout my career, I've primarily been involved with start-up companies (traditional ones, not crypto-based, and I've assisted with two going public). It's commonplace to see agendas, projects, and products being shelved.
I invested significantly in Cub and was hesitant about Polycub after observing Cub's trajectory. However, this was a learning experience, and such challenges arise on every platform.
Currently, I'm at a loss with my investments in ETH's Fox, POLY, Bunny, and essentially all the synthetics I've purchased.
Khal and a 1000 other teams made defi projects that didn't hold up well over time.
I think evaluating a team's performance is a great part of investing, but you also have to take the market into consideration as well.
Cheers and thanks for the feedback
Don't get me wrong but for me the price doesn't really matter as long as it's not freefalling without any reaction from the devs. What's important, the Leofinance decided to react and decided to provide liquidity for HBD and Hive which I find immensely important and needed for Hive to grow.
Also they introduced a Multi Token Bridge that was to facilitate the exchange between bHBD and HBD and almost every token on BSC. What is more this Bridge was meant to collect funds and earn on arbitrage between different pools and use profits to burn cub
It didn't flip the table, but provided stable economy with an usecase - it was supposed to be all automatic.
However after some announcements that CUB has become deflationary the team switched off the MTB, burns and unpegged bHBD from HBD, used HBD elsewhere and all of this happened in complete silence.
I'm nit complaining about the price as I am not far away from getting even, but I'm complaining about howbthe Leofinance is handling things ane communicating them to users.
Understood, I've missed a lot over the past year, so I wasn't around for the communication or lack of it.