Crypto Exchange AAX Suspends Withdrawals

Re:Crypto Exchange AAX Suspends Withdrawals by Nursie on Monday November 14, 2022 @11:26AM (#33596458)

So we’ve gone from “Everyone is learning the value of DeFi” to “I can come up with a single example of a DeFi system that hasn’t been hacked (yet)”

Hardly says that DeFi as a category is reliable.

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Re:Crypto Exchange AAX Suspends Withdrawals by zeroclip on Monday November 14, 2022 @12:32PM (#33597650)

Here's a bigger list for you[1], the top 10 all have $1B+ TVL.

[1] https://defillama.com/

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Re:Crypto Exchange AAX Suspends Withdrawals by Nursie on Monday November 14, 2022 @11:32PM (#33605315)

Great, you can point to some that haven't been hacked, exploited or just plain collapsed yet.

You said "day traders on FTX are learning first hand the value of DeFi", but DeFi is just as much of a shitshow as the rest and has had just as many collapses.

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Re:Crypto Exchange AAX Suspends Withdrawals by zeroclip on Tuesday November 15, 2022 @03:32AM (#33606736)

Uniswap, AAVE, MakerDAO traders will disagree with you.

I am one of these people: I had funds locked into a CEX, was lucky to pull them out some days before turmoil but others not so lucky. During that time my DeFi holdings were fine. I would now rather take on protocol risk of something established and proven like Uniswap, instead of risking with an unregulated CEX.

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