October 3, 2024: Octo-Bear 🐻📉
To the stubborn go the yields...
A sincere congratulations to you. You’re still here. Several years into a bear market.
Our entire industry is stagnant at best…
Relatively, Ethereum is struggling…
Relatively, DeFi on Ethereum is struggling…
Yet despite a lagging DeFi, within a lagging Ethereum ,within a lagging crypto, you’re still here and scrapping. Thank you for your stubbornness!
We occasionally see bullposts on our timelines, before karma dishes out prompt revenge on them. In our opinion, we’re certainly quite far from a bull market on Ethereum.
Yes, stablecoin volume is up, but it’s not sloshing onto mainnet…
Yes TVLs are up from last year, but the rising tide is only lifting select ships…
Are you locked in for another year of this struggle? Maybe even another decade?
W*AGMI**
* The royal we… not necessarily you
** Expectations for “Make It” have been revised downwards to any tick above rock bottom
All DeFi protocols are building amidst grueling circumstances, but a special shout-out to Inverse Finance. The team continue to impress us with their work ethic and commitment to DeFi.
Did you catch the debut of crvUSD-DOLA on Yearn?
We’re not good with numbers, but looks big…
Inverse’s FiRM plays with all the assets you like to see…
And the excuse for Inverse FUD just keeps dwindling…
In truth, the rewards for those willing to play in DeFi are there, if you’re among the handful of users who (1) still have money and (2) are still here.
Where are we looking? We know there are a ton of places to play in DeFi, but our focus is solely on evaluating opportunities on Curve.