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piggybank
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The DeFi yield protocol PiggyBank took a massive hit due to an investment in LAB #LAB #PiggyBank #Delta
ngl the whole safe haven narrative is cracking lately. piggybank's usdc vault just got slammed with a 15 percent loss.
even the stuff we thought was bulletproof is bleeding now. $usdc $btc $eth
this degen market keeps surprising us ser.
#Crypto #DeFi #Stablecoins #PiggyBank #AltSeason
even the stuff we thought was bulletproof is bleeding now. $usdc $btc $eth
this degen market keeps surprising us ser.
#Crypto #DeFi #Stablecoins #PiggyBank #AltSeason
⚠️ MARKET ALERT !!!
PIGGYBANK DEFI: USDC VAULT DOWN ~15% NAV, ZACHXBT CRITICIZES RISK STRATEGY 🐷💸
🛠 PiggyBank DeFi was forced to close the LAB hedge position after extreme volatility and negative funding rates made it unsustainable.
💰 Estimated losses: USDC vault -15% NAV, SPYx vault -12%, JitoSOL vault -9% — while the locked LAB portion is excluded from NAV calculations until August.
📊 ZachXBT criticizes this strategy for betting users' funds on a highly speculative asset without adequate protection measures.
DeFi yield vaults might sound passive, but hidden risks are always present — especially when hedging with low liquidity assets.
#DeFi #PiggyBank #ZachXBT #CryptoRisk #USDC
$SOL $ETH $FIDA
PIGGYBANK DEFI: USDC VAULT DOWN ~15% NAV, ZACHXBT CRITICIZES RISK STRATEGY 🐷💸
🛠 PiggyBank DeFi was forced to close the LAB hedge position after extreme volatility and negative funding rates made it unsustainable.
💰 Estimated losses: USDC vault -15% NAV, SPYx vault -12%, JitoSOL vault -9% — while the locked LAB portion is excluded from NAV calculations until August.
📊 ZachXBT criticizes this strategy for betting users' funds on a highly speculative asset without adequate protection measures.
DeFi yield vaults might sound passive, but hidden risks are always present — especially when hedging with low liquidity assets.
#DeFi #PiggyBank #ZachXBT #CryptoRisk #USDC
$SOL $ETH $FIDA
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