Post
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三月—March
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BearishEvery day I feel like a clown in the market.
Victim of mass exit liquidity at the start of June.
My bad. My own sin.
I got greedy.
Caught up in my ego.
Feeling too smart for my own good.
Seeing millions of dollars leaving the crypto market since early June,
Bitcoin finally broke below $65k,
I thought this was the bottom.
So I decided to go all-in and put my assets in.
Into Bedrock's restaking ecosystem to get double yield while waiting for the market to rebound.
Damn it... my portfolio just got wrecked.
My assets in the alpha Binance wallet have dropped 87% in just 5 days.
Bitcoin keeps crashing, my capital is getting rolled up,
and my portfolio is now completely obliterated.
My question now: with the market gasping for air and capital fleeing crypto, can Bedrock really guarantee their uniBTC liquidity during a crisis?
Bedrock always sells the narrative of "liquid" restaking.
Meaning our assets remain flexible.
But that core function will be tested in worst-case scenarios like now.
If Bitcoin keeps dropping below $65k
and everyone panics wanting to pull their money out at once,
what will Bedrock use to back it up?
Meanwhile, our original assets (BTC) are locked
in the unbonding period of the lower-layer protocol like Babylon.
When we want to exit, if the uniBTC liquidity pool on the DEX turns out to be dry, it's the same as nothing.
Users will get hit with super brutal slippage just to swap uniBTC back to native BTC.
Honestly, I’ve already lost faith in the alpha project.
Is the "liquid" concept they glorify really safe??
During a stress test when the market is crashing like this?
Their liquidity protection during a panic market is just a narrative of resignation
waiting in the unstaking queue for days,
and that’s that.
If that worst-case scenario happens, the "Liquid" Restaking Token is just empty talk.
To keep retail from selling and holding their assets. If my assets are locked I can’t withdraw my capital... oh no 😭😭
#bedrock $BR
{future}(BRUSDT)
@Bedrock
Victim of mass exit liquidity at the start of June.
My bad. My own sin.
I got greedy.
Caught up in my ego.
Feeling too smart for my own good.
Seeing millions of dollars leaving the crypto market since early June,
Bitcoin finally broke below $65k,
I thought this was the bottom.
So I decided to go all-in and put my assets in.
Into Bedrock's restaking ecosystem to get double yield while waiting for the market to rebound.
Damn it... my portfolio just got wrecked.
My assets in the alpha Binance wallet have dropped 87% in just 5 days.
Bitcoin keeps crashing, my capital is getting rolled up,
and my portfolio is now completely obliterated.
My question now: with the market gasping for air and capital fleeing crypto, can Bedrock really guarantee their uniBTC liquidity during a crisis?
Bedrock always sells the narrative of "liquid" restaking.
Meaning our assets remain flexible.
But that core function will be tested in worst-case scenarios like now.
If Bitcoin keeps dropping below $65k
and everyone panics wanting to pull their money out at once,
what will Bedrock use to back it up?
Meanwhile, our original assets (BTC) are locked
in the unbonding period of the lower-layer protocol like Babylon.
When we want to exit, if the uniBTC liquidity pool on the DEX turns out to be dry, it's the same as nothing.
Users will get hit with super brutal slippage just to swap uniBTC back to native BTC.
Honestly, I’ve already lost faith in the alpha project.
Is the "liquid" concept they glorify really safe??
During a stress test when the market is crashing like this?
Their liquidity protection during a panic market is just a narrative of resignation
waiting in the unstaking queue for days,
and that’s that.
If that worst-case scenario happens, the "Liquid" Restaking Token is just empty talk.
To keep retail from selling and holding their assets. If my assets are locked I can’t withdraw my capital... oh no 😭😭
#bedrock $BR
{future}(BRUSDT)
@Bedrock