I am happy to see @0xPolygon ecosystem was lucky to come out safe from all this chaos. I can speak for myself and few ecosystem founders I spoke with.
What saved us all?
Core fundamentals of self custody, trustlessness and not being greedy of yields, market opportunities ..1/n
What saved us all?
Core fundamentals of self custody, trustlessness and not being greedy of yields, market opportunities ..1/n
But many other ecosystems, VCs and institutions got hit, why, because we all, collectively, have started neglecting our core fundamentals of Web3 more frequently than ever before.
Hence, especially if you are project founder, for future, remember that .. 2/n
Hence, especially if you are project founder, for future, remember that .. 2/n
Always keep in mind financial health as the baseline, never ever play with it. You are a leader of a community, don't betray it, don't play with it.
1. Always keep self custody of your funds
2. Ignore that juicy yield on Celsiuses, Blockfies, Voyagers of the world. 3/n
1. Always keep self custody of your funds
2. Ignore that juicy yield on Celsiuses, Blockfies, Voyagers of the world. 3/n
3. Ignore those market opportunities which you think you are smart about and can make some additional money
4. Do your job as community leader to help push the project forward to the best of your ability 4/n
4. Do your job as community leader to help push the project forward to the best of your ability 4/n
PS, on popular demand : @0xPolygon foundation or operational companies never had any FTX account, so they were fully safe.
Infact on the flipside, FTX Ventures bought $50mn $MATIC early this year, that unlocks yearly over 3 years and as of now "everything is locked". 5/n
Infact on the flipside, FTX Ventures bought $50mn $MATIC early this year, that unlocks yearly over 3 years and as of now "everything is locked". 5/n
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