Can Kisagun pfp
Can Kisagun
@cankisagun
Let me recap my journey in DeFi and why we’re building @t1protocol I’ve been working in crypto since 2017 and got into DeFi early. I co-founded Secret Netork (then called Enigma), leading product and business development for the first privacy preserving smart contracting platform. Back then, decentralized applications were nearly nonexistent—ICOs and DEXs were the only real use cases. So when DeFi summer started, I knew it was going to be big. I jumped in, using Compound to earn yield on ETH and farm the governance token. Back then, Ethereum was cheap, data was on-chain, and risks were transparent. It was game on. Then came Terra, Mirror, and Anchor. Terra’s 20% guaranteed yield on Anchor was obviously bullshit. I realized something was very off, but to be honest I didn't fully appreciate the level of the ponzi scheme. And I YOLO’d, because everything in crypto is risky. But the real lesson from Terra’s collapse was not only about the depeg risk. It was also about infrastructure failure. 1/n
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Can Kisagun pfp
Can Kisagun
@cankisagun
When UST started looking shaky, I knew I had to exit. I tried to bridge a sizable position from Terra to Ethereum via Wormhole —what should have been an instant transfer took 3-4 hours. During that time, I had no idea where my funds were and it was really really stressful. By the time they arrived, UST had dropped from $0.96 to $0.80. That moment made it painfully clear: trust-based infrastructure (like Wormhole’s multisig) isn’t just an inconvenience—it’s a systemic risk. Without instant settlement and single-block bridging, users are exposed to risks they don’t even realize exist. DeFi should be about composability and efficiency—not waiting hours for finality while the market moves against you. This gets even more important in today's uncertainty. 2/n
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