Ponzis and other high risk behaviors thrive in bull markets, but are crushed in bear markets. When the crypto markets went from bull to bear in Nov 2021, the risk takers started imploding months later. The first domino to fall was Terra. Is Yield Farming Just a Ponzi?
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Crypto Contagion: The Collapse of Terra
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Ponzis and other high risk behaviors thrive in bull markets, but are crushed in bear markets. When the crypto markets went from bull to bear in Nov 2021, the risk takers started imploding months later. The first domino to fall was Terra. Is Yield Farming Just a Ponzi?