Firstly, @Cardano is fundamentally different from anything they worked with before because it lacks $USDC, $USDT, and similar widely adopted stablecoins. And don’t even try to sell me the $USDCx story twice because I already said it will never work. That shit is listed nowhere, no CEX whatsoever supports it, none of the proven rails for fast & cheap (effective) on-off-ramping supports it, including crypto-cards, other popular payment rails… nobody!!! Mark my words - Liquidity will not come because of special incentives (free money), it will only attract short-term bounty hunters. It’s proven many times on different chains. Real money won’t come. And lastly, real money won’t come because Cardano is too slow. All hot DeFi projects operate in fast-moving environments. On Cardano, it takes quite some time for smart contracts to execute, which is totally unsuitable for rapid volatility (price movements), making us totally uncompetitive. Hyperliquid kicks ass because transactions are super fast and cheap. Why would someone come to Cardano to lend out a stablecoin and potentially get locked in because the price drops faster than a smart contract can execute the trade? Stupid idea, while there are tons of better options (products) for the same. So, in that regard, a unique value proposition that will make defi on Cardano different or better is nowhere to be seen. How will they fix that??? Ahh, yes, $1.5m advisory fee, but ok. No problem with that if TVL grows as they promised but it will NEVER happen if Cardano doesn’t fix itself to suite defi in the first place. Not to mention how TVL on Cardano will not grow if the TVL of Cardano tokens doesn’t grow. The general (fundamental) problem with CNTs is low liquidity, low trading volumes, and ridiculously small market caps. Why is that important? $ADA can be used as collateral to get a loan for years, even on CEXs, nothing new there, but CNTs only via Cardano DeFi projects. And guess what: rarely are any Cardano tokens, aside from maybe 3 top tokens, ready for leverage trading. In short, Alphagrowth or any other external project can’t solve all the fundamental problems I mentioned because they don't have tools to solve them. No fu… way! As soon as I hear, we’ll market, we’ll give grants, incentives, we’ll inject funds, we’ll attract… I 🤮because it all sounds like they don't get what the problems are or don’t care.
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