manan
@manangouhari
building @DegenHouseDeFi | https://t.me/mg_defi_journal
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The right system simply gets out of your way You know exactly what that feels like
just use @initia to launch your chain for AT LEAST a 100x cheaper. RPCs, multisig, oracles, bridging, explorer all available to builders right out of the box.
this is gud bait but for the people who easily take, good to remember that majority of costs are actually chain infra (RPCs custodians, oracles, multisigs, AA providers, audits, block explorers, can easily add up to 7-8 figs)
most stablecoins should rebrand to their real identity: "market-neutral tokenised fund" don't shill it as a stablecoin where there's little to no plan to keep it pegged to a dollar. in fair-weather, yes they mimic a stablecoin vault, but the weather hardly ever stays fair.
if it were not for @Cbb0fe & @Schlagonia the stream theatre would've gone on for so much longer. my working theory is, the criticism forced them to do a proof of reserves, which is when they realised they had a $90m hole.
been 2 days since the @StreamDefi blow up and i'm not over it. it was inadvertently the best ad ever for @capmoney_ stream gave $90m to a manager and they lost it. cap gives funds to external managers but completely insured by restaking. the coin stays solvent, always.
The man deserves a victory parade.
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