'How You Could Have Potentially Saved Your Money From the UST/LUNA Disaster' defi cryptocurrency
Many DeFi users were hit incredibly hard by Luna’s sudden collapse. Some lost all of their life savings, and investments, and lamentably, there were reports of suicides by investors. Wild price swings are extremely common, and in DeFi, there is nothing to protect against this. DeFi helper's automations protect users from such price swings. DFH offers users the ability to program automations which act as Stop-Losses, and Take-Profits.
On 10th May, Luna dropped about 90% in 8 hours — a timeframe investors could theoretically have been sleeping, working, or relaxing during. Issues like this make managing a DeFi portfolio a 24/7 job — which is not just bad from a financial perspective, but horrendous for the users’ mental health. It encourages users to compulsively check their portfolio, and to never switch off.’s automations protect users from such price swings.
These would kick in in the event of a wild price drop, as seen with Terra. Not only this, but with our ‘trailing Stop-Loss’ feature, you can be protected against wild price swings, as your investment will only be automatically cashed-out if there is a short-term spike or crash.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Breaking: Wintermute Hacked for $160 Million in DeFi Operations.EvgenyGaevoy shares $160 million Wintermute hack details; most funds are safe and the company remains solvent
Leer más »
DeFi platform sees strong interest in halal-approved crypto products“People need a platform where they can trust every token they interact with, so we don't have to go hunting on different platforms,” says Naquib Mohammed, founder of the Aussie-based Marhaba DeFi.
Leer más »
Regulations are Coming to DeFi Whether We Like It or Not | HackerNoonKOLnet is an innovative, transparent and fair launchpad that allows early-stage projects to optimise their marketing strategy through the innovation of Web3.
Leer más »
Banking giant Nomura launches crypto VC unitThe unit, named Laser Venture Capital, will invest in startup categories including DeFi and blockchain infrastructure.
Leer más »
Decentralized Finance Protocol Coin98 Unveils Native Stablecoin CUSDCoin98 joins a growing roster of DeFi platforms to craft their own stablecoin to attract users and boost growth. sndr_krisztian reports
Leer más »
Profanity May Be The Cause Of Crypto Trading Firm Wintermute’s $160 Million HackCEO Gaevoy says Wintermute will continue to trade in DeFi, even though playing in decentralized markets made his firm more vulnerable to losses.
Leer más »