CRYPTO HACK STATISTIC As we can see DeFi protocols has 99% o | DeFi [L]Earn. Strategies.

CRYPTO HACK STATISTIC

As we can see DeFi protocols has 99% of all crypto hacks and rugs in 2022. Sounds scary but here are some tips and tricks on how to protect your funds:

1. Blockchains should be integrated to CEXes.
Don’t keep your money in the blockchain which has only one main bridge. Check that other bridges has at least 50M liquidity + integrated centralized exchanges (can deposit stables using that blockchain).

2. Algostables doesn’t work.
Or better to say it works until it doesn’t. Don’t fall for big APR and staking schemes, you will earn nothing.

3. If a token is crushing leave it to die.
Buying something because "it's already down 90%" is literally one of the fastest ways to rekt town. (c) sassal.eth. Don’t be afraid to cut losses and stop averaging your position.

4. UTILITY IS MUST
JPEGs are down like a lot and probably will drop more. If your NFT is not:
- ART OBJECT from ARTIST (not a girl, who starts to paint yesterday),
- REAL OBJECT,
- something you just wanna buy for yourself
- gaming NFT (from working game (with users (and demand)))

DO NOT BUY IT.

5. Sometimes bridges with less money are safer.
Yep, sounds weird, but If you want to provide your funds and earn APY using bridge better to do it on the new platforms:
- they give you better APR + their tokens
- more chance that someone decides to hack a bridge with 50M+ than 100K. Too much work for that small reward.