In the latter, as long as you profit, everything is fine. In fact, if you have sufficient capability to financialize, you don’t even need profit now. You can promise endless future profits, “grow” (i.e., “increase”), sell the rights to them, and move on. Everything becomes reducible to its immediate flows. But as you gradually strip away your own and everybody else’s capital – as you dismantle, trade, and consume every tool – you will find returns to be more and more elusive and, eventually, impossible. The only important question becomes, who is holding the bag?
Solana’s Loopscale pauses lending after $5.8M hack
Update (April 26 at 8:57 PM UTC): This article has been updated to include updates from Loopscale. Solana decentralized finance...
