2021-05-12 07:08:43
Here's a Copy of What Was Written, Verbatim:
1. Create a spark / interest in DeFi projects (again) via pumping their price subtly around the space
2. After that's done for a while, send the price of Ethereum up. Have influencers talk and obsess about it and give crazy price predictions for it (i.e., $5,000 or more).
3. Then, start promoting crazy DeFi deals, partnerships, projects, etc. The goal is to get as many people to lock in their Ethereum as possible
4. Once that's done, jam the protocol up with as many transactions as humanly possible. Even though there's palpably no greater volume of trading, just send the fees flying and claim that its from the frenzy
5. With fees so high, people will be deterred from moving their Ethereum in hopes of having the amount they need to pay reduced in the future (or assuming that it becomes more affordable for them at some point later during the ebbs & flow of the protocol) <--- by ebbs and flow, I mean manipulation
Use all of the generated "liquidity" from the people locking up their ETH on AMMs as a way of grabbing a greater supply of Ethereum when you're done (in exchange for made up tokens that are essentially worthless). When people realize they got fucked at some point, just make something up like "impermanent loss" and claim that its all part of the greater game of DeFi.
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