Thread by @josefabregab

Centralization is a dangerous word

A decentralized network represented by a single face is still subject to a single point of failure, & recent events have made this very clear

🧵Thread on what happened Today in DeFi, the current scenery, & the upcoming role of @MetisDAO

1/29

2/ On this thread we'll cover:

• #andrecronje quitting $FTM & what (possibly) led 2 it
• What's on the plate for $FTM
• @MetisDAO
• Fits like Cinderella's shoe
• Access routes to @MetisDAO
• DeFi Sauce in @MetisDAO
• @MetisDAO NFT Collections

Get some 🍿and lets go👇

3/ #andrecronje quitting DeFi & what (possibly) led to it

Andre Cronje, most prestigious Fantom dev & the person behind @iearnfinance and $SOLID, went MIA a few days ago when his account became deactivated

Speculation surged to ATH type shi & Today @AntonNellCrypto confirmed it

4/ #andrecronje quitting DeFi & what (possibly) led to it

@AntonNellCrypto was a sr architech at @FantomFDN & Andre's colleague, so his allegations are def credible

What could've led to this tho?

Well, u might remember that Andre & @danielesesta were building an empire, right?

5/ #andrecronje quitting DeFi & what (possibly) led to it

Said empire took quite a hit wen news came afloat that @0xSifu was managing @Wonderland_fi treasury while havin a dark, hidden, past(not here to judge any1)

Community was livid, @0xSifu left, & a snowball effect unfolded

6/ #andrecronje quitting DeFi & what (possibly) led to it

@0xSifu was actually VERY active and popular in the community, so once he left, @danielesesta had to leave Andre alone with the $SOLID potential empire & go focus on taking the wheel at @Wonderland_fi

This was a problem

7/ #andrecronje quitting DeFi & what (possibly) led to it

Andre loves code. Dani loves community. It was the perfect match.

The thing is, once @danielesesta left, Andre had to be the face of the product and deal with all the media/PR shit, which he doesn't like at all

8/ #andrecronje quitting DeFi & what (possibly) led to it

As I read in a a great thread earlier:

If Andre doesn't even like media BS, imagine having to deal with the snapshot Top25 drama, a somewhat problematic launch, & users complaining abt ur buggy UI

He said fuck it im out

9/ What's on the plate for $FTM?

Fantom is an awesome & robust network w/ a FIERCE community of users & devs, so it will keep doing what it does

FVM soon, so rn $FTM is at a tasty discount

Although, under my eyes, the balance was just tipped in @MetisDAO favor. Here's why👇

10/ @MetisDAO

What is $FTM recognized for?

• Fast Txs
• Saucy DeFi yields

The BOOM in TVL was caused by Andre and $SOLID. Now, its creator is gone.

@MetisDAO on the other hand, has FASTER tx, SAUCIER DeFi Yields, & now it has its OWN F*CKING $SOLID: $HERMES

wen TVL boom?

11/ @MetisDAO

Any1 who was in $FTM bc of $SOLID, now has no incentive 2 prefer $SOLID> $HERMES

$SOLID creator is gone; devs who forked it into $HERMES r working nonstop

I don't doubt $FTM devs r workin nonstop too, but now its an even playfield, & $METIS has the bigger upside

12/ Fit like Cinderella's shoe

Going back at the beauty of $FTM network: Fast txs, CHEAP tx, & saucy yields.

What if tho... Hear me out...

Besides faster tx and saucier yields... @MetisDAO will also have CHEAPER tx😳

Once the DEC Storage launches: NEW ERA.

@MetisDAO Era

13/ Fits like Cinderella's shoe

Those 3 reasons, among many others, makes me think that @MetisDAO would fit Fantom degens like Cinderella's shoe:

Perfect

Ps. It's a Goddess' shoe tho😉

To learn more about @MetisDAO check this out:

https://twitter.com/josefabregab/status/1495228466735759370?s=21

https://twitter.com/josefabregab/status/1500582846804672513