Member-only story
Interview with a (Defi) Vampire
Are Crypto Defi Yield projects just games, where the goal is to suck as much liquidity out of the projects as possible?
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NOTE: Not Financial Advice (NFA): At this moment, I believe Elephant Money is a more sustainable, more profitable place to put your investment dollars. Use my Partner Network ID to save on transaction taxes: https://elephant.money/partner.html?ref=0xA1d91d85667a09e4Aa59D1b3f38106c5E4B8bDBb
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Sometimes, when I view Telegram chats I’ll see someone who takes, shall we say, a different perspective. An “extractive” perspective, versus a sustainable perspective, as they participate in the different Crypto Defi Yield projects, such as DRIP and Furio. After tracking this guy’s wallets trail, and figuring out how they linked up, I approached him to ask a few questions.
It was obvious to me that he had figured out a different path, a path that when looked at from the 10,000 foot level, was vastly more profitable than any project, or farm out there, just using the tokenomics, (or “ponzinomics” as he put it) as they exist.
He first came to my attention when I noticed that he had a trail from my wallet in a straight line — 15 wallets that linked from the wallet that used my wallet as the Buddy in Drip, that then used…
