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This repository includes all marketing issues and workstreams
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[MKT-92-61] Twitter Spaces #2 (Chinese) Topic: What not to do in DeFi/Crypto? 2022.04.15 #61

Open Bee926 opened 2 years ago

Bee926 commented 2 years ago

Share personal stories and lessons learnt from mistakes

Bee926 commented 2 years ago

What NOT to do in Defi/Crypto?

Personal Stories:

  1. 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.

  2. 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

  3. FOMO buying into hypes