read.cash Log in
@lerkfrendOnNoiseApp

i'm getting to the point where it's much more useful for me to view tokens in terms of other tokens. i think this is a (healthy) side effect of interacting with HIVE and its layer 2 tokens, but it comes in handy in most EVM chains as well. knowing the balance between your farm token and the protocol token is just as important as fiat value profit considerations. stating it another way: what may seem like profit in USD might make you more impoverished on the chain itself. if these economies are to survive, users will need to balance their fiat needs with those of the protocol. snatch and grab techniques exit into a system reaching its limits (and failing), thinking they've outwitted the other market participants.... but that means that we need to be able to spot unhealthy protocols and that's something that will likely take a lot of hard knocks to learn.

1 comment

Log in to join in Reading is open to everyone. Replying needs an account.