Daily Degen 2022 June 20 🦍📓

1/ @solendprotocol submits a proposal to take over a whale's wallet if $SOL drops too low

FatMan @FatManTerra

This is pretty wild. The Solend team wants to take over the whale's account and execute the liquidation themselves. The whale's position is so degenerate that if SOL drops too low it will create cascading liquidations across the DEX books (and potentially bad debt). "DeFi"

Solend (we're hiring!) @solendprotocol

SLND1, the first governance proposal for Solend DAO has been proposed. https://t.co/OLE5Mzm1ol

2/ @Bancor to turn off its Impermanent Loss feature due to the conditions of the market

Cobie @cobie

what is the point of impermanent loss protection if it just disappears when u most need it LOL

3/ @otteroooo reveals how @BlockFi has negative operating income

otteroooo @otteroooo

LEAKED DOCUMENT SHOWS #BlockFi LOST MORE THAN US$285,000,000 IN PAST TWO YEARS OF BULL MARKET Read the second thread on BlockFi, where otter throws a challenge to BlockFi's CEO below 🦦 👇🏼 🧵

4/ @NonFungibleNoah to be the steward of CryptoPunks

Noah @NonFungibleNoah

I’m humbled and honored to announce I’ll be leaving my current post in July to steward the CryptoPunks as Brand Lead under the umbrella of @yugalabs before I say anything else it’s important to confirm what we WON’T be doing… simply put: I WILL NOT FUCK WITH THE PUNKS… 🧵👇🏻

5/ Crashing America Together

Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) @ParikPatelCFA

Trading in 2021 vs 2022