Foundations
The Problem
Crypto set out to replace trust with code, but most markets remain fragile and extractive today. Projects depend on external providers for liquidity – players who can withdraw at any time, draining markets when they’re needed most.
Liquidations are brutal. Borrowing systems built on volatile assets trigger cascading sell-offs during downturns, wiping out value instead of preserving it. Meanwhile, tokens rise and fall on hype and narrative rather than verifiable foundations, leaving believers exposed to volatility without protection.
This dynamic has given rise to an extraction meta. Yield farming, airdrop hunting, and short-term incentives reward opportunistic behavior over sustainable growth.
The result is a system that collapses when stability is needed most. Value vanishes in a downturn, and the “fair, open financial system” remains elusive.
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