Andrew Seb

For CZ, there needs to be an option saying: "Burning this token from your public wallet as a test will result in endorsement of this token. Are you sure you want to continue? Here's another button to generate a fresh wallet where you can move funds from your CEX to safely test and not promote a token. Cheers!"

The contracts are not a problem. The problem is Teams keeping permissions with them to move fast in the market. If people intend to create true DeFi systems, they have to let go of permissions kept with the Teams. Smarter phishing attacks and supply chain attacks leave individual keys to get compromised which collectively enable 'DeFi' systems to be vulnerable. The DeFi systems of today are not safe due to the human variable. Currently, we have millions to billions in each of these DeFi vaults, waiting for 3/6 multisig executives to get phished and get these vaults drained. Defi contracts are safe and meant to be trustless. Modern DeFi systems are not trustless. That's where the problem lies.

Ideally, no one should be donating to this. Do you imagine the amount of greed that goes behind the whole tech? ETH --> stETH (Give me some yield + staker stays liquid) stETH --> rsETH (Give me some more yield + staker stays liquid) rsETH --> arsETH (Give me some more yield)

I have been reading up on MMs and how they represent 'The House'. The TL;DR is to stack up those spreads, and they become positive over time. Nobody can predict which direction the market will go. While traders lose to spread and price impact, the house collects that spread each time, and it adds up. There are four major features of being 'The House': 1. The house does not get to decide trades 2. The house always has an inbuilt edge 3. The House enables trading for willing participants 4. The House always wins After going through all this, the closest thing a trader can do to become an MM is LPing. Liquidity provisioning is such an underrated strat (s/o @MeteoraAG). Even if you use it for some basic things like offloading tokens on a chart, it's better for everyone. You can actually get fees for selling your tokens instead of triggering red candles and facing price impact. A small change that has helped me turn selling into a +EV action is using @StarseedTeam's Scale Out feature. It actually pays you fees for selling tokens. It makes a big difference if you're a whale on the chart. And it's not just about that. No red candles! You gotta keep the chart looking good while you slowly exit the position, and for the project, after you exit. The reason I mention this feature is that it does not require an elaborate setup or a deep understanding of how LPing works. The LPing learning curve can be daunting. The lack of 'control' can be daunting if you're used to aggressively buying and selling tokens. Using LPing to scale out is the easiest strategy to adopt. For the nerds - The scale-out feature creates a small LP in a Bid-Ask configuration with a 1% to 10% price difference (preference-enabled). Once the LP converts all the tokens to SOL, you should be able to collect your SOL cleanly, without price impact, plus fees from the traders who helped you convert the tokens. Understanding LPing takes patience and an inversion of trading psychology; there are moments when LPing feels like the logical thing to do. For such cases, having LPing as part of your trading toolkit can make a big difference. The market is slow right now. Say NO to gambling. It is time to upskill. Get ready for the bull; we are two months away. #BecomeAnMM #LPing