Assume we go in a deep bear market like in the past.
Where liquidity dries up
What happens to all these liquidity protocols? Hmmmm
Liquidity protocols are to the bull market
What stable farming protocols are to the bear market
If only the ponzi is good enough, we could spin a narrative out of this and pump those hmmmmm
In bull markets peeps want liquidity
In bear markets they want stables + yields
_in theory_ they’d flock to those. Stuff like FARM, BIFI which bank on yields and stablecoin related protocols like MTA, FLX, VADER where you can lock tokens, get stables and farm
Interesting thread. Here's why I think something similar can happen:
Altseasons happen because "new money" comes in. If it comes, why would anything be different? Think most people have this bias because they already learned from their mistakes of bagholding for years