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Home»ADOPTION NEWS»From Crypto Triumphs to METF Chaos: An Incredible Rollercoaster Ride! 🚀💔 #CryptoSaga | By Flying Private | November 2023
ADOPTION NEWS

From Crypto Triumphs to METF Chaos: An Incredible Rollercoaster Ride! 🚀💔 #CryptoSaga | By Flying Private | November 2023

By Crypto FlexsNovember 25, 20232 Mins Read
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From Crypto Triumphs to METF Chaos: An Incredible Rollercoaster Ride!  🚀💔 #CryptoSaga |  By Flying Private |  November 2023
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Cutting Losses, Painful Lessons from the DeFi Rollercoaster

The METF price is $1.01 as of November 16, 2023.

As I continue my journey peeling back layers of losses in the unpredictable realm of crypto, one particular experience with DeFi stands out vividly in my memory.

*Sponsor link: Financial Freedom for All of Us

It was in early March 2022 that METF, a seemingly irresistible project, debuted on the Cronos chain. Like a teenager seduced by the charms of a new crush, I was hooked and hooked by the promise of this revolutionary endeavor. Let me guide you through my journey. You probably wouldn’t blame me for falling for its charms.

The Mad Meerkat ETF (METF) was introduced as a groundbreaking decentralized ETF protocol based on the METF token. The term DTF, coined by the project team, stands for the pioneering DEX Traded Fund, a groundbreaking approach in the world of decentralized exchange traded funds.

The project has made significant changes since launch, including scrapping the inflation policy, implementing a hard cap on the METF token, and removing bonding. Instead, the protocol’s profit-sharing staking mechanism, designed to create sustained buying pressure on METF and reward solid long-term holders, took center stage.

METF’s overarching goal was to reduce dependence on inflationary dynamics and prioritize METF token capital appreciation. Profits from METF AUM (assets under management) and DEX trading fees contributed to the protocol profit distribution pool, fueling continued token value growth.

There are three main ways to earn money from METF: combining, staking, and price appreciation. The protocol aimed to optimize growth and wealth creation by building a policy-controlled decentralized ETF system on the Cronos network. However, in the later stages of the project, all other monetization methods were abandoned and only monetization was possible through governance (staking pools). Staking has emerged as a passive, long-term strategy, with the cost basis falling as METF stakes increase, potentially outpacing market price declines over time. Tell me please…

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