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My money is on $DAI
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No fucking way..!!!!
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Only an ETH maxi would bet on something he has already lost
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Protocol running 3.6m / mo surplus or 100m / mo deficit. Choose your fighter.
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In the past month Terra's UST has had to spend 100m to maintain its peg. Current burn rate is 4m / day and increasing.
By contrast Maker's DAI has earned the protocol 3.6m in the past month.
One of these is sustainable.
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The market literally has
You should too, I worry about your family
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Would be easy to pump up MKR too with a 500m cash giveaway. We are interested in sustainability not vanity metrics.
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Resisting a drop to 0 because the token is valueless is not a vanity metric, its called survival.
Further, seems like the market does not value the survival of Maker - i think the market is asking the same question:
“Why the literal fuck would you wrap USDC?”
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burning hundred of millions of dollars to stay competitive it's not surviving, it's being desperate
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I don’t understand
Its my money
I spent it on something because i wasnt using it on anything else
I have more where it came from
Why is that desperate
They’re both dead IMO. You’re both right.
One is wrapped, centralized USDC.
The other is artificially pumped with a mass exodus coming.
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> they don't understand user acquisition cost
> they don't understand lindy
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