DeFi

midwits

yappin in /midwits & creating idle rpg /animarising

this leads to aggressive profit taking by those who have seen others make it in the cycles before—why not me, they ask

they do not want to round trip again & they know that the token they’re holding is worthless outside of belief

belief, that they were sold on last cycle; belief, that has continuously been proven to be fragile at best 

but what about the newcomers? 

ser, what newcomers? we are all 35 

the new entrants that do find their way into crypto end up trading “weener token” on solana where they inevitably get rekt by those who have come before

they are certainly not here for the tech 

so what can we do? how can we combat our fragile belief system? 

the answer, i believe, is to kill the belief system in its entirety 

it’s time to provide value, not promises; utility, not hype; deflationary tokenomics, not memes 

we win here by creating a safe heaven; by giving folks on base a place to go to park their tokens 

a place where devs are shipping & tangible value is produced, not belief

@baselinemarkets  + OlympusDAO is where we transition from belief to backing.

From market makers off chain to intelligent protocols that make their own markets. 

From simplistic views on deflation or fixed supply to understanding systems must expand and contract.

Programmatic Liquidity. Builder of @yesdotmoney with 1 billion tokens coming soon