From Crypto Triumphs to METF Turmoil: The Unbelievable Rollercoaster Ride You Won’t Believe! 🚀💔 #CryptoSaga | by Flying Private | Nov, 2023

Unraveling Losses, A Painful Lesson from the DeFi Rollercoaster

METF Worth at $1.01 as of 16 Nov 2023.

As I proceed my journey, peeling again the layers of losses within the unpredictable realm of crypto, one explicit expertise with DeFi stands out vividly in my reminiscence.

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It was early March 2022 when METF, a seemingly irresistible mission, made its debut on the Cronos chain. Like an adolescent enchanted by the attract of a brand new crush, I discovered myself swept off my ft, falling headfirst in love with the promise of this revolutionary endeavour. Let me take you thru my journey, and maybe you gained’t blame me for succumbing to its appeal.

METF, or the Mad Meerkat ETF, was launched as a groundbreaking decentralized ETF protocol powered by the METF token. Coined by the mission crew, the time period DTF represented the pioneering DEX Traded Fund, a groundbreaking strategy on the earth of decentralized exchange-traded funds.

The mission ushered in important adjustments since its launch, discarding inflationary insurance policies, implementing a tough cap on METF tokens, and eliminating bonding. As a substitute, a protocol earnings distribution staking mechanism took middle stage, designed to foster steady purchase stress on METF and reward steadfast long-term holders.

The overarching aim of METF was to diminish reliance on inflationary mechanics, prioritizing METF token capital appreciation. Earnings from the METF Property Underneath Administration (AUM) and DEX buying and selling charges contributed to a protocol earnings distribution pool, fostering sustained token worth development.

Incomes from METF got here in three principal avenues: bonding, staking, and value appreciation. The protocol aimed to set up a policy-controlled Decentralized ETF system on the Cronos community, optimizing for development and wealth creation. Nonetheless, later within the mission all different incomes avenues have been scraped, and you’ll solely earn via governance (staking pool). Staking emerged as a passive, long-term technique, with a rising METF stake leading to a falling price foundation, doubtlessly outpacing market value drops over time. Inform me…

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