Diogenes Casares - Special Situations Investing in Crypto
Liquid - Web3 Crypto Investing
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The Failure of the Bey Protocol
Bey was a stable coin protocol. The idea was essentially it would create algorithmic stable coins in a debt-like scenario, kind of similar to die. But once the bear run and crab market started, it would continually buy tops and sell lows. It destroyed 90% of the treasury value more or less.
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