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Algofi shutting down

https://blog.algofi.org/algofi-community...c989962d57

I imagine what "confluence of event" means :/
So I never got into Algorand. Is AlgoFi an official product from the Algorand team?

And I think they got hacked and millions stolen, hence the "confluence of events". Also regulation and the possibility they could be seen as a security by the SEC.

If the SEC ever comes out official with actual definition, I think a lot of these DeFi's are going to quickly close shop.

Buy Bitcoin, hold, and STFU.
(Jul 12, 2023 10:30 AM)Omniscient Wrote:  So I never got into Algorand. Is AlgoFi an official product from the Algorand team?

And I think they got hacked and millions stolen, hence the "confluence of events". Also regulation and the possibility they could be seen as a security by the SEC.

If the SEC ever comes out official with actual definition, I think a lot of these DeFi's are going to quickly close shop.

Buy Bitcoin, hold, and STFU.

Hold and sleep, wake up a millionaire haha .

I was able to avg down to about even on btc, my eth is 2x atm.
in a year or 2 the btc will probably be 6x value now.


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