A lot of crazy shit happened overnight but did anyone see the clusterfuck of what happened on Perp Protocol? Ethereum hit sub $900 there for a while
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Events like this where we see almost $10 billion in CEX liquidations are really a stress test for these DeFi protocols. Some did ok but some really did so bad it’s hard to trust them with real money ever again. It was impossible to get an order in too and gas was 700+
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ya this was also only on a small size relative to CEXes.
Most DEXes aren't close.
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