LMAO THE CURRENT STATE OF DEFI

LMAO THE CURRENT STATE OF DEFI

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>SCREAM

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>"""DECENTRALIZED FINANCE"""
at some point, even the most stupid biz user needs to acknowledge that bitcoin is the only decentralized project in existence.

Everything bad that happens in DeFi is literally from not utilizing Chainlink in some form lmao

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>our $6.50 json parser could've prevented this....
seek help. mental illness is treatable.

>at some point, even the most stupid biz user needs to acknowledge that bitcoin is the only decentralized project in existence.
delusional

He's right tho

CODE IS LAW

>int x = 1
>String peg = “$” + x;
>Return peg;
the future of finance is truly remarkable

kek

that's what you get for not using chainlink

shit like this is gonna kill defi

lol I remember just last week there was a bsc project that lost millions because chainlink price on luna was paused

its as if the dev is a Any Forumstard

if they used chainlink here it would have reported $0.1 when it was worth $0, so...

>inb4 "CHAINLINK DELIVERED THE ORACLE TO SPEC"
yes, and do you even understand what the advice was? "do not use chainlink here, implement your own circuit breaker with an actually reliable data source for ust price"

>just hardcode the stablecoin to always be $1
holy based

High IQ

Is this the promised DeFi (whiteboi) summer?

Bitcoin is a CIA invention transacted on AWS servers

so it turns out when you let the average retard handle money he does hilariously bad things

I appreciate central banking more and more

jesus stupid fucking christ
most defi protocols suffer from a very bad case of economic brainletism—even the ones that don't deploy on ethereum
watch yourselves

it was two stablecoins; fantom USD (FUSD) and dei (DEI)
theblockcrypto com/post/147046/defi-lender-left-with-35-million-bad-debt-after-quoting-depegged-stablecoins-at-1

FUSD has never been recorded at $1 by coingecko or coinmarketcap in its recorded history; DEI only recently lost their peg

>if they used chainlink here it would have reported $0.1 when it was worth $0, so...
luna isn't a stablecoin
even if it were, chainlink can't account for a coin's economics being fragile, or defi protocols accepting fragile currencies as collateral
a chainlink oracle's "minimum value" function assumes market manipulation over bad economics; clearly, even if market manipulation is the case, bad economics may still be at play, and chainlink should offer some mechanism that attempts to account for this

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banks lose trillions in money yearly but they're bailed out by the government's printers