With FTX Collapsing, Decentralized Protocols Are on a Winning Spree
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DeFi Slate Fam:
The hype around GMX has been notable. The Blueberry community have rallied behind the team and is now becoming a force in DeFi, representing an insane amount of fee generation in general AND establishing Arbitrum as a realistic option for DeFi users.
Its good. Its really good in the midst of FTX collapsing. Decentralized protocols will win out from here onward.
However, they don’t come with their own inherent pros and cons (risks). We spoke with ‘Freddy’ from the team to discuss the upcoming launch of synths and other key points the community should know about.
We enjoyed this. Cheers to you guys still here.
🙌 Together with:
Degate, a Decentralized Layer 2 Exchange based on zk rollups. DeGate will offer secure order-book trading that is faster and cheaper than mainnet. Degate also offers a fast and efficient L1 – L2 Bridge, testnet is operating now. Try it HERE!
🔥 Partner Project Updates
One of Ethereum’s Leading L2s Boba Network closed a massive Series A funding deal to increase their team & grow their ecosystem with hackathons and more, click the image to learn more about how to get involved!
⚠️ DISCLAIMER: Investing in cryptocurrency and DeFi platforms comes with inherent risks including technical risk, human error, platform failure and more. At certain points throughout this post, we might get a commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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