"10.11 Flash Crash" A Review from Another Perspective 👩💻
▶︎ Be cautious when opening positions in altcoins that didn't experience a flash crash yesterday, as they are often heavily controlled or have deep involvement from market makers.
▶︎ Projects that withstood the test yesterday are worth paying attention to; extreme market conditions are the best litmus test.
DWF Labs founder publicly praised their own project Falcon Finance, which is also one of the stablecoins that withstood the minting/redemption/dollar peg tests on 10.11. I just remembered I haven't claimed my airdrop after seeing this tweet... but the window period is from 09.28 to 10.28, so there's still time. Additionally, if you choose to stake, there will be extra rewards in the second season of Miles. Also, staking over 1000 $FF gives you a chance to qualify for the Falcon NFT whitelist (the specific distribution method hasn't been revealed yet).
Moreover, I saw several friends say they didn't successfully claim the airdrop, which was allocated to Pendle. I checked on-chain, and indeed Pendle has already claimed 2.32 million FF. This part of the distribution should be handled separately, so just keep an eye on Pendle's announcements (on-chain link 👉
Just short report from the bloody streets:
- $USDf peg is doing very well
- none of our and related to us positions got liquidated
- some of @FalconStable strategies made great profits
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