Let's chat about on-chain finance and risks.
Thinking back to when I jumped into web3 during the DeFi wave, it all started with playing around on Pancake's farms and swaps. Those eye-catching APRs always lured in wave after wave of traders looking to get rich, only to find themselves caught in the market, doing nothing.
Recently, issues have popped up in the collateral lending space. Honestly, I think it boils down to the fact that the price anchoring of collateral isn't decentralized enough; the blockchain still has a lot of tech to develop.
High returns always come with high risks. Recently, I've been taking a balanced approach between
#sryup and
#spark , channeling the survival wisdom of our ancestors.
$SPK