Yesterday’s Recap of the StarkNet Ecosystem has been sponsored by ZKX, a permissionless swaps protocol building rewardable derivatives trading mechanisms on StarkNet. ZKX is looking for a Software Developer able to deal with both Solidity and Cairo programming languages.
In case you were interested or you know somebody that could, please get more info and apply here.
Words of encouragement amid Global and Crypto Markets tanking influenced by financial & War recession on one hand and the collapse of the LUNA/UST ecosystem which erased around 50 billions dollars in a few days, StarkNet Privacy Feature updated, interesting Twitter Space coming up about managing assets on StarkNet.
Hey guys, I hope everybody of you is safe or slightly affected by the disaster around the LUNA Ecosystem. On the other hand I suppose most of you are feeling the pain from the overall Market and Macro-Economic challenges that are distinguishing these years.
Starting with the Luna’s matter, I’m really sorry and empathic for those retail investors that were made to think that the UST stable coin was a safe option to guard your life savings in, although the most reliable and experienced people in the field had been warning about the weakness of such a project that lacked the security and the decentralization that, for the time being, only Chains like Bitcoin (with technical limits) and Ethereum can guarantee. At the same time, I don’t think there should be any mercy for the LUNA founders, for the LUNA Team and most of the funds that had been financing an Ecosystem that had been called out as a ticking bomb for so many months. The thing that should be underlined in this issue is that the human responsibility in what happened is huge as there was no technical or Hack failure. There was simply a complete arrogant lack of Risk management and good sense thinking as it was clear that the victims would be the retailers anyway. The people involved in taking those risks with other people’s ass must face investigations and trial. It’s not fair that honest builders and communities will have to bear the regulatory consequence of the actions taken by irresponsible actors.
However, taking the whole Historic Period as one of the most problematic one of the last few decades, I invite all of you to remain calm and focus on building and following the real technologies behind this field while keeping strict and meaningful risk management strategies to ensure your and your family’s life is not ruined by any kind of Market Sentiment and Event. The power of innovation that Blockchain brings with itself will soon re-emerge even after such tragedies, keep on studying and keep on building honest projects, those are the only skills that can make survive such conditions and mitigate your investment risks.
But now, let’s relax and enjoy today’s Twitter Recap thread:
Thanks a lot for being here!
See you on Monday for another Recap!!
Peace & L2's ❤️