IsaacFain on Nostr: #SVB & #Silvergate blowback has yet to invoke the culprit that nobody wants to live ...
#SVB & #Silvergate blowback has yet to invoke the culprit that nobody wants to live up to: #DeFi. ☠️ The CeFi circus and global money shark machine sprang into action to transfer consumer dollars put into shitcoins into their own pockets via DeFi liquidity pools under heavy panic selling and consolidation during market fluctuations. While the onchain reserves are still standing, the macro of their grift is still playing out. The banks are just the latest, and maybe the last dominoes finally to fall.
Published at
2023-03-10 10:52:28Event JSON
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"content": "#SVB \u0026 #Silvergate blowback has yet to invoke the culprit that nobody wants to live up to: #DeFi. ☠️ The CeFi circus and global money shark machine sprang into action to transfer consumer dollars put into shitcoins into their own pockets via DeFi liquidity pools under heavy panic selling and consolidation during market fluctuations. While the onchain reserves are still standing, the macro of their grift is still playing out. The banks are just the latest, and maybe the last dominoes finally to fall. ",
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