How to survive in DeFi.
Part 1: Diversification
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Part 1: Diversification
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1/ There were a lot of hacks/scams/rugs recently so I decided to write a few short threads on essential things which can help you to save your money here.
2/ How many times have you seen good investment opportunities with strong fundamentals, good devs, solid project, etc? And how many times did you want to go all in for a life changing opportunity?
3/ One of the projects which corresponds to the message above is @QiDaoProtocol. Unfortunately, today was not the best day for the protocol:
4/ I do own a small portion of $Qi and don't know what I would do if I had a large amount of my funds allocated in it.
5/ I have lost less than 1% of my portfolio due to this exploit and I don't worry a lot. Another reason why I am not worried is because I believe in @QiDaoProtocol team and I wish them all the best during this unpleasant time. #QimpsStrongTogether #qimparmy
6/ The best thing out of this is that the exploit has nothing to do with the protocol itself and it will continue growing. Unfortunately circulating supply has increased a lot and it will slow down the growth. Btw, the price has already recovered 600% since the exploit happened.
7/ The purpose of the thread was to remind everyone to keep their portfolio diversified so you won't suffer a lot in case of any kind of exploits or scams. Thank you and stay safe.
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