Degen

Man I joked about 2024 being the Points meta/year, but it legitimately is gonna be the Staking-for-Airdrops

It’s the perfect ponzi. Locks tokens up. Compounding rewards. Number keeps going up as the frenzy continues.

Then monstrous crash.

ICOs, NFTs, OHM

History is rhyming.

Writing weekly long-form posts here: zeneca.xyz

What’s different this time? 

Staking has already failed so often. Why should it be bigger and succeed for longer before it crashes this time?

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I think bc we’ve had so many profitable airdrops already and there’ll likely be many more, because there ARE a lot of insanely legitimate protocols and blockchains launching this year that will airdrop tokens

In the past I don’t recall it ever being this crazy, and gonna get way crazier

Fair point. Number of legitimate protocols is higher. 

I just wonder if those protocols wouldn’t be better served to drop based on something else than staking of other tokens. 

I get the short term appeal (💎🙌) but as you said mid term the crash will be even harder. How does that benefit solid protocols?