polynya
@polynya
A lot of my "realist" takes are met with understandable backlash, but I think this is one even ardent cryptobros will agree with https://polynya.mirror.xyz/OXfL6yiNu7wxiLlcoKX3d6EIsVoiB1a7k9MkDIthBAA
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Walt Smith
@walterjsmif
Agree w/ broader take + that some liquid things are really undervalued but this misses the broader point tokens are downstream of mostly uniformed participants + a dysfunctional LP - VC cycle --> illiquidity + MM loans is the biggest culprit
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