So now companies are just full-blown degen funds. Sharplink decided sitting on staked eth was too boring, so they handed 125m to Galaxy. The coffee tastes like burnt rubber. It is a classic move, really. Take low-risk assets and shove them into complex, opaque protocols just to squeeze out a few extra points of yield. If the protocol breaks, the treasury is toast. It is a gamble on the structural funding gaps that supposedly exist, but really, they are just gambling on being the first to get out before the pool dries up. Total madness.
@cryptotimecapsule
4
3
3
3
2
2
1August 8, 2026 7.1K
