Tonight, I really feel like a major loser.
My brain, which usually takes pride in dissecting crypto infrastructure,
now feels empty.
I realize that my savings, which were supposed to be for research capital,
instead evaporated in the alpha market.
But thank God..
Today my assets have risen 23% in my alpha wallet.
Even though from $100 it's now only below 20 bucks.
I saw there are $BTW and $BABY that are skyrocketing wildly.
What a bummer... What a bummer...
I got greedy.
Yesterday I acted smart.
Seeing the bearish market, I foolishly put my remaining Bitcoin into Bedrock.
Chasing double APY from the narrative of liquid restaking.
But in the midst of this brutal red screen,
I finally started thinking critically about the most fundamental things.
If we dissect the promised double APY from Bedrock,
what percentage of the yield actually comes from the real utility of AVS services?
How much is purely from token printing??
The fact is that most of this AVS innovation hasn't achieved mass adoption that generates real revenue.
The high yield that made me drool yesterday was purely an illusion.
From token inflation.
Once the token value crashes due to the market crash,
that illusion crumbles into pieces.
Bitcoin fell 7% and Bedrock plummeted 20%.
With this kind of situation, instead of profiting from yield,
I ended up being played by the whales. Twice the loss 😭
I've sacrificed my real capital one hundred percent for a hollow yield without fundamentals.
Bedrock has turned into an empty narrative to hold retail money.
Meanwhile, the whales and devs are enjoying securing exit liquidity.
My thesis is piling up.
My portfolio is sinking.
And I'm purely just a market clown.
Has anyone ever calculated the real yield vs inflation ratio in Bedrock?
During the bear market, did you all profit or lose when staking Bitcoin in Bedrock?
Let me know... so I can decide whether to cut losses or not 🥺🥺
#bedrock $BR @Bedrock
{future}(BRUSDT)