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The good, the bad and the ugly (re published, now complete)


Good morning

 

Well it seems like the wild west of Defi has been living up to it's name in the last few days.

 

David had brought to me around 5 projects to have a read through, i guess im the white paper girl so i promptly started reading. I looked at websites, looked at twitter feeds to see if anyone in there looked like they could be humans and not bots. Just looking to see if these protocols are managed by real people with real names and faces. This is just my basic cursory research before deciding if the project is worth further research.

 

It looks like my spidey senses are working at the moment because although i did not want to sound like a negative nelly it was sorry no to 1 then sorry no to 2 then strangely enough i actually researched a protocol by mistake as the names were very similar. But again it was no after no.

 

Liquid Capital Finance

 

Liquid Capital (LC) is designed to deliver what DeFi investors desire most: safetysustainability , and price stability. Built and managed by a team of successful DeFi veterans who use the most effective strategies and tools, the project will set a new standard in the DeFi space in terms of profitability, sustainability, and safety.

 

There are a group of protocols that come under the Liquid Capital Umbrella, including 2 that L.C supposedly brought out as they were struggling. The PXT node project was actually kicked out as a bad project. Some of the protocols under this umbrella are Grape Finance, Frozen Walrus, Titano ?????? 

 

We had already dismissed Liquid Capital Finance as David from Titano was part of it and that put me off as my brief experience there was not the best. This also made me very wary of all the protocols that are part of the liquid capital group. If you have read a previous post of mine you will know we had invested in both Grape and Frozen Walrus and were lucky enough to get out of both with a profit.

 

It looks to me that Liquid Capital Finance is either a rug pull or a huge fail.

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Grizzly Bear Finance

The next one i had looked at was Grizzly Bear Finance which is  an ecosystem built around an algorithmic token. I could not find out much on this one hence the no.........Thankfully as it looks like another rug pull.

 

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Grizzly Fi

This is the one i researched instead of Grizzly Bear Finance, the website looked better, had more of a community and i did put it on the needs more research list in my head.

It looks as though i may not need to now though, as in the small time it has been going it has dropped by 50%.

 

 

I hope none has lost any money in these or any protocols but my blog is about our experiences in crypto, weather they are good, bad or ugly and i see this as a near miss for us. Also it is only my opinion and i could well be wrong but we are new and still learning and i am sure more mistakes will be made along the way. Stay safe.

 

As always thank you for reading and feel free to comment.

 

 

Screenshots from https://dexscreener.com/

 

 

Re published as i published the incomplete draft!

 

 

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crypto newbie mom
crypto newbie mom

I have had an interesting rollercoaster ride into the world of crypto and want to share my story.


A foray into crypto, A technophobes journey
A foray into crypto, A technophobes journey

A personal blog about how we got into crypto and the rollercoaster ride it was.

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