I may upset some people with this, but here it goes. My list of protocols I trust, and those I don't trust with my money. Let's start with the last category. A thread 1/11 🧵
2/ Don't trust: @ethena_labs / #ENA / #USDe This basis trade synthetic token remains untested. Until it passes a proper bear market, USDe is still a concept that's not validated. Reason to be concerned? USDe mcap is growing big fast = higher risk when bears return.
5/ Don't trust: @MetaMask wallet Popular wallet, but lacking in terms of user security and UI. Plus high fees for their native swap. Best to seek alternatives. I got a suggestion later in this thread.
6/ Trust: @aave Biggest money market in crypto and passed a bear market already. They do proper due diligence and their governance is one of the best in the space. @lemiscate Highly recommended if you want to put your assets to work or get some nice loans.
7/ Trust: @GMX_IO DEX Before we had Hyperliquid, people got excited about $GMX. Recently, they had a hacking incident and came out of it without issues and extremely professional. They passed a bear market well and it's the one place you get paid to buy Bitcoin.
8/ Trust: @arbitrum L2 It's my to-go chain for most things. Works flawlessly. They lead the market in the L2 space and deserve it. The best protocols (@HyperliquidX / @GMX_IO) built on top of Arbitrum L2. That's the validation you seek.
10/ BONUS: @HyperliquidX I trust @chameleon_jeff and the core chain used for his DEX. However, HyperEVM and most protocols built there are high-risk imo. Be careful with your money farming untested protocols. Don't risk more than you can afford!
11/ I will review 10 more protocols posted by those that reply first to this thread. Drop them in the comments and share this thread. Like and follow @DU09BTC for more alpha!
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