MMF

Better_Pomegranate70

Yes, I go 33% ETF's in my IRA, 33% emergency fund in MMF, 33% into BTC

OldmanRepo

The RRP facility is supposed to be “drained”. It’s spent more days of its life at zero than >1$. Don’t believe the RRP facility has any effect on money supply? That’s particularly odd, since the ones using it, don’t have any effect on money supply. I know many on reddit believe it’s “banks” but banks don’t use it. Why? Cause they have the IORB which pays 15 basis points more. The ones using it are money market funds (90+%). The largest MMF family using it is Fidelity, which isn’t a bank. 3 of the top 4 users don’t have any bank affiliation.

VladStopStalking

Everyone shitting on the altcoins, but honestly I'm more shocked at the $60K in cash. I hope at least this cash is in a MMF or something. Otherwise that's just plain stupid.

johnnyBuz

Take your 4.25% in a MMF if you need a positive return.

Erowid2S

>Because Trump went there and made him drop all the BTC infrastructure and BTC as official currency on behalf of MMF. Total bullshit. Nayib Bukkake got the loan on December 2024, before Trump was inaugurated. An MMF is a money market fund... what you mean is the IMF. Yeah, Bukkake sold out, that dictator with a poor country, who shills BTC so that other countries like the USA fill his bags. Hell no. Stay broke, Bukkake. Dictator Bukkake imprisons innocent people into CECOT and tortures them by making them sleep on steel beds.

Street_Pipe_6238

This was probably just scheduled DCA buy or something. Because Trump went there and made him drop all the BTC infrastructure and BTC as official currency on behalf of MMF. Trump dont like BTC he just needed votes

wh977oqej9

But are they stupid to invest, what they are not able to lose? If you live pay cheque to pay cheque, you can't invest, period. I only invest what remains after all expenses and with maintaining my huge reserve in cash/bonds/MMF.

johnnyBuz

Lump summing at this stage of the market is not the best idea as you are not familiar with the market volatility. Even in “bull market” years like 2024-2025 (presumably), there will still be periods where the price rapidly crashes 20-40% (before quickly retracing and rocketing higher). If you haven’t experienced that volatility before you are prone to make irrational decisions like “protecting your remaining capital and locking in a 30-40% loss” which is just about the worst thing you could do. Given the market will likely peak within 12 months, you won’t even qualify for long-term capital gains (if you’re US-based), so my recommendation would be to simply DCA ‘X’ amount so you have some skin in the game which will incentivize you to follow the market more closely and further develop your understanding of Bitcoin, while setting aside ‘Y’ amount into a MMF that will be your future lump sum bucket when the price bottoms out at the end of the next bear market circa 4Q26 and -75% off whatever its new all time high ends up at. By that point you will have a better feel for Bitcoin’s violent volatility (which will only increase in the year ahead) and hopefully have the confidence to deploy your lump sum bag when fear is gripping the market and there’s blood in the streets — because that will be the point of maximum opportunity for the next 4-year cycle.

knowledgebass

You need to learn about basic investment theory if you want to optimize your returns in the longterm. Most of your longterm investments should be in equities, not a HYSA or MMF. The S&P500 is up over 50% the last year. Those are earning you, what, like 4 or 5%? With inflation at 2-3% you are barely breaking even.

mechanicalhuman

But the mmf will only grow by the 4-5% yield. The ETH stake might generate 3-4%, but if you plan to hold for years, then you’ve also got the presumptive underlying growth of the asset, which the MMF won’t do.

UsualEconomist7439

so if I'd like to enrich my FIAT savings it's better to put them on HYSA or MMF ETF, rather than buying crypto with them and stake it for basically the same APY as it is on HYSA/MMF ETF?

Humans_r_evil

have you always wondered why stablecoins are so popular? and how stablecoins make so much money? I just found out that stablecoins are basically the digital version of Money market funds. That's why. What are money market funds? Money market funds are super stable, super low risk investment portfolios managed by financial companies, which are also super liquid. And why is a super stable, safe, and liquid investment portfolios important? Because that's where rich people store a majority of their money. They do NOT put millions into banks. no, they put it into moneymarket funds. They can just write a cheque to buy a million$$ car and the financial company will liquidate enough assets from the MMF at the end of the day to fulfill the cheque that the rich person wrote. basically, a majority of the rich peoples money sits in MMF's. And if RLUSD is proven successful, it will inevitably get rich people to park their excess wealth into it as well.

anon0134

I'm currently down 10%, though at one point, I was down as much as 70%. For me, it was greed—I put money into Ponzi shitcoins (like HODL token) or didn't exit in time from a coin that pumped during the previous run (MMF). If I manage to break even this run, I'll be satisfied.

johnnyBuz

My employer sponsored HSA is through Inspira and I simply opened a self-directed HSA through Fidelity and electronically requested my funds through their interface and they took care of the rest. Every 6 weeks I initiate another transfer as my HSA contributions are ongoing. There’s no fees with the Fidelity HSA and any idle cash is automatically swept overnight into a MMF so you benefit from the 4.5% interest rates (for now).

Mattie_Kadlec

If you are talking about the MMF coin on Chronos it has a fully diluted valuation of almost $3M. I also don't think it is associated with crypto dot com

AssociateOnly234

Lost 16k with crypto.com defi. More precisely with MMF where you had crazy high APY‘s

GodCunt

I haven't used trust wallet, but you probably need to import the contract address. [Here is the multichart view of all the main LPs](https://dexscreener.com/watchlist/cpDmK1PfgJPDdrDffZa3)- the first 3 are cronos then it shows solana, base, polygon, and bsc. If you click on the chain you want to buy on (it's all from the same max circulating supply of 769T tokens) it will take you to a page that you can copy the contract address, which is like a unique identifier number for the token (see screenshot) and you can paste that into the decentralised exchange you're using and add it to your wallet' UI so you can see how many you're holding. Alternatively, you can press the button a bit above that which says "Trade on..." which will take you straight to the decentralised exchange with the CAW token loaded in the swap page. For solana, it says raydium For base, it says uniswap For bsc, it says pancakeswap For cronos, there is VVS, MMF, and Ebisus Bay Does that help at all? Let me known if you want more info

KateR_H0l1day

If you’re US and don’t have access to the exchange, send to DeFi and convert there to USDC. Also do a cross check for best rates, MMF has really low fees. But you need to do multiple small amounts, and not just one after another after another, don’t get locked up, leave a little time. Can be a huge spread if you do large transactions for numerous coins. Send USDC back to the App, convert to fiat and when you have a large enough number, transfer to your bank account over time. Make sure your bank knows you’re going to be doing this so that you don’t have funds locked for potential fraud!

nottobetakenesrsly

Study is shite. Would need to factor the whole system, banks, near-banks, master trusts, MMF, hedge funds, dealers, centralized repo clearing entities, etc. ...and when you think about the level of transactions facilitated by this vastly interconnected network, it would be difficult to make any meaningful comparison re: power consumption.

HolidayAnything8687

What are you even implying with the fund and Archax’s holding of the fund? Obviously they aren’t the same. Archax bought and is holding a 25$ billion dollar Blackrock MMF, and tokenized it on Hedera. Yes or no?

HolidayAnything8687

It’s still a RWA tokenized MMF worth 25 Billion. If RWA becomes a fad like nfts so be it. But 25 billion is nothing to ignore. I know you hate Hedera but maybe take a break, you’ve been battling for like 36 hours straight.

HolidayAnything8687

So if it read “Archax had tokenized a Blackrock MMF on Hedera” all would be fine? They just overplayed the black rock part?

spboss91

If you bothered to read their tweet properly, Hedera never claimed that they worked directly with Blackrock. They just stated the fund was tokenised on HBAR network with ArchaxEX and OwneraIO. "[@BlackRock](https://twitter.com/BlackRock)’s ICS US Treasury money market fund (MMF) is tokenized on[@Hedera](https://twitter.com/hedera) with [@ArchaxEx](https://twitter.com/ArchaxEx) and [@OwneraIO](https://twitter.com/OwneraIO)" Cointelegraph were approached before the official statement, with a PR copy that was approved by BlackRock. They didn't publish it. After the pump, cointelegraph tweeted and deleted 4 negative posts about HBAR. Believe what you want with that information, I think it's pretty obvious what their intention was. For anyone that wants actual information on how the market fund was implemented, see here for more details. [https://twitter.com/Grodfather/status/1783106730332651998](https://twitter.com/Grodfather/status/1783106730332651998)

DollarLate_DayShort

Blackrock is not working directly with Hedera. That’s what this article is conveying but I’m sure you didn’t read it. Hedera is the infrastructure that *ARCHAX* is utilizing to tokenize a Blackrock MMF. And Blackrock is well aware that it is being tokenized utilizing Hedera’s DLT.

iamexercised

yes Archax did, not blackrock. Archax purchased Blackrock MMF and used hedera to tokenize it. Many other cryptos did this in past with Apple, Google, SPY as well. Doesn’t mean blackrock is aware just like how Apple wasn’t aware

HolidayAnything8687

So did Archax tokenize a Blackrock MMF on Hedera or not?

jehcoh

The HBARF's tweet reads the following: "Today we witness RWA history as Blackrock's ICS US Treasury money market fund (MMF) is tokenized on Hedera with Archax and Ownera, marking a major milestone in asset management by bringing the world's largest asset manager on-chain." How any one fud's this is beyond me and simply buying into the immature sentiment within the crypto market. This is massive news for Hedera and crypto in general.

Blake3005

Except Vechain is actually producing real world enterprise transactions. Can’t deny that most of their partnerships don’t amount to much but that is the state of blockchain adoption in general. DNV has tokenized hundreds of thousands of certificates on VeChain, Walmart China has produced over 100M supply chain transactions, and there are thousands of logged transactions per day of verified sustainable activity being recorded on VeChain through the new VeBetterDAO. VET is the only blockchain I see actually doing things in the REAL world. Tokenizing a MMF is not real world activity 😂. Like I said I can’t deny that literally the majority of their partnerships produce no transactions and Walmart China is one in a million. The reality of enterprise adoption is that it’s a long difficult and frequently unappealing road to forge and the VeChain community has plenty of skeptics and criticism pointing this out daily.

coinfeeds-bot

tldr; Hedera Hashgraph's native token, HBAR, surged by 60% following BlackRock's announcement of tokenizing its U.S. Treasury money market fund (MMF) on Hedera's blockchain. This move marks a significant development in bridging traditional finance with cryptocurrency, highlighting a major milestone in asset management by bringing the world's largest asset manager on-chain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

cosmic_censor

> I love how he slid ALGO in there for literally no reason at all lmao. The connection is the company who tokenized the Blackrock MMF on HBAR, Archax, also added support for ALGO to its platform.

Apprehensive_Sun7382

>And Hedera never said "Blackrock put their fund on our blockchain". They just didn't. From HBARs Twitter: >@BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @Hedera

Trust__the__Process

Abrdn, a Hedera Hashgraph governing council member, tokenized a BlackRock MMF leveraging Hedera.

Trust__the__Process

Abrdn, a Hedera Hashgraph governing council member, tokenized a BlackRock MMF leveraging Hedera.

Uda880

Means a third party exchange created tokens representing BlackRock MMF shares by using Hedera BC. I'd look into the underlying mechanisms to see if the exchange is purchasing shares and denominating them through this new token. It doesn't read like BlackRock is directly tokenizing on Hedera.

True_Ebb5857

what’s MMF?

SeliciousSedicious

Blackrock MMF tokenized on Hedera. 

SeliciousSedicious

Blackrock tokenizing an MMF on hedera. 

coinfeeds-bot

tldr; BlackRock's ICS US Treasury money market fund has been tokenized on the Hedera blockchain by Archax, in collaboration with the HBAR Foundation and Ownera. This marks a significant development in the real-world assets industry, following a similar move by abrdn plc last year. The tokenization allows for trading of MMF shares on exchanges, offering benefits like instant transfer and use as collateral. Following the announcement, HBAR's price surged by over 46%, reaching its highest level since late March. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

tika_dengu

They tokenised a BlackRock MMF on HBAR, BlackRock has no involvement in this.

Afterlife123

So I have seen where BlackRock has tokenized its MMF with a partner. Not sure of how it is all inter connected. But sounds like a big step for Crypto. [SOURCE](https://coinjournal.net/news/blackrock-tokenizes-money-market-fund-on-hedera-hbar-soars/#)

Afterlife123

# $multi-million trade on Hedera [Yahoo Finance](https://finance.yahoo.com/news/archax-increases-tokenised-money-market-130100063.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAI8jR5frLQBgrZJMRkhoGADHYQS-vJfiWTRS-FaPl569TCu5-pVk9TLu_ZJ7-LUN17Gh_PuZw1ILOcWGvUzweNpXf5IV3dO6p3DVGKkMNYKkH7kChANzk8S8lRd_BAnKSNhnASgiJmjSEjg9igOYvTEzHqeqoz-kBruMjfMLU7hJ) # BlackRock tokenizes Money Market Fund on Hedera, HBAR soars BlackRock MMF on Heder [CoinJournal](https://coinjournal.net/news/blackrock-tokenizes-money-market-fund-on-hedera-hbar-soars/#)

tika_dengu

Blackrock’s ICS US Treasury money market fund (MMF) is tokenized on HBAR, hence the pump [https://twitter.com/hbar\_foundation/status/1782759384742813951](https://twitter.com/hbar_foundation/status/1782759384742813951)

Future_Bright7777

Super happy to see this Blackrock ICS MMF on Hedera

Perfect_Ability_1190

“Archax, today announced the expansion of fund shares it offers in tokenised form with the BlackRock ICS US Treasury MMF. This builds on its launch of tokenised access to abrdn MMFs last year, created on both the Hedera and Ethereum" https://blog.archax.com/resources/archax-increases-tokenised-money-market-fund-offerings

coinfeeds-bot

tldr; Archax, a regulated digital asset exchange, has expanded its tokenised money market fund offerings by adding the BlackRock ICS US Treasury money market fund in partnership with The HBAR Foundation. This addition builds on Archax's previous launch of tokenised abrdn MMFs on Hedera and Ethereum blockchains. The first transaction of the BlackRock MMF was completed on the Ownera FinP2P digital asset network, marking a significant step in broadening the range of tokenised financial products available to institutional clients. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MyNi_Redux

Ah, but debt and money supply are two different things. If the 1T in **debt** is being bought by private entities (and it is - Fed is doing QT right now), then money moves from one bucket (e.g. RRP or MMF) to the other. No new money is created. And we know that no new money has been created [in the last year](https://fred.stlouisfed.org/series/M2SL).

InvestmentMundane

#Ren and MMF

Unable-Victory

My girlfriend was ok with my threesome. It was her idea and, she was in the middle! MMF

KateR_H0l1day

I’ve no BTC or ETH, everything in my three tier portfolio is bought on achieving maximum returns. Total portfolio green. DeRace and Helium Mobile are high potential, but definitely high risk. For very high risk I’ve accumulated some MMF as an outside gamble, but in fairness it won’t make me rich, because I won’t add much Yet I think it’ll add nicely to the overall portfolio.

KateR_H0l1day

Have a look at Helium Mobile, I think it’s got a bright future, but in fairness there really are so many to choose from. A lot really depends on your risk appetite, I’ve added a little MMF lately, very high risk but equally very high potential. It will definitely be a quick in and out with a small buy, so I doubt it’s going to make me rich. However, I think I’ll really provide a nice amount to my overall portfolio. I’ve zero BTC or ETH and everything I’ve positioned for is based on a minimum of 5X. Total portfolio is green.

AvengerDr

Then if it becomes something like a MMF with small but reliable performance, I'd imagine some people would jump ship for something reminding them of the rollerfoaster days. People FOMOing noe are not in it "for the tech". They are in it on the hope that it can get to 100k or more. The rest is just hypocrisy.

StatisticalMan

Yeah it is hard to believe someone has $100k in cash and had no clue that HYSA/MMF rates have been ~5% for 18 months now. Certainly been higher than 0.25% for close to 3 years now.

CUbuffGuy

Tax sheltered accounts, 401ks, mutual funds, IRA’s, and general MMF’s do not currently have access to spot BTC. That alone is trillions of dollars. I plan to purchase more in my Roth IRA when available. Not to mention custody benefits (some will see it this way) of not having to worry about losing keys. People trust Blackrock more than Coinbase. Then there’s the entire derivatives market to account for, another trillion dollar market alllowing further liquidity and price stability. I can keep going but I think I made my point.

Foolishoe

CRO can reach new highs but holding them while maintaining abysmal volume will be an impossible combination. Many of the other currently dominant chains must fall to make room for interest to remain and grow with cronos chain. The chain has been very reliable like many evm chains but that has not been the leading factor on blockchain choice for money. There was an on chain gutting of most retail funds with MMF during the bull run. Tomb forks forking tomb forks and other such shenanigans. There is a suspicious set of products that seems to be run by the team and very little diversity. There is a bit of burbling community but very little actual capital is moving onto the chain imo. A friend of mine much more involved on chain has said most of his investment vehicles are now paying better, but I believe this is a result of the wider pump, not fresh innovation seeing the light of day on chain though I could be wrong. My hopes are for cro to go above .22 so I can sell my slee of gaming nfts and exit

ravenhawk10

No? You have a small portion of your wealth in an emergency fund. The majority of your wealth will be invested in some sort of asset. Furthermore very little of your emergency funds don't need to held in physical cash. You can hold most of it in a MMF or short term treasuries. Their real yield has been mostly positive until GFC. So you would have lost money on it in last decade or so but at the same time if you had any stocks you would have caught a massive bull market. So the lose 97% value is massive misnomer. Average 7% inflation over 50 years and you didn't any interest on that money is not a fiat problem its a financial literacy problem. The current CPI its designed to measure inflation based on a constant standard of living. This seems to be the most relevant metric for an individual. If your standard of living has increased are you not richer? If your standard of living has decreased are you not poorer? So if your wealth increasing faster than CPI, then you can maintain a higher standard of living and so are you not richer? And funnily enough on the BLS website \>That is, it assumes that consumers will substitute away from one brand or type of item, such as a steak or a car, as that brand or type becomes relatively more expensive compared with other brands or types of that product. **It does not assume, however, substitution between steak and chicken** or between cars and bus fare.

Fullback22x

I’ve been apart of many many different chains. I have seen TVL come and go very very quickly. Imagine being part of osmosis in 2021. Then seeing the mass exodus of TVL and seeing chains like Kujira and kava take and gain tremendous market share from osmosis. Being first mover is nice. But if you are stuck and not innovating then you can lose it just as fast as you gain it. I watched VVS lose market share to MMF then vice versa on chronos. TVL is a ok metric. But let’s not act like being stagnate is the recipe for keeping TVL high.

crypt0jt

Ran away after seeing MMF and VVS 🤣

HashSlingingSlasherJ

You talking about Cro the coin specifically or one of their coins in chain like MMF? Just curious cause I was in MMF at the start

g0ldeneagle1

No MMF bag holders here?

CosmosPioneer_

Various shit from the MMF ecosystem

MaeronTargaryen

I invested in MMF because someone here made a lot of money with it (then lost it)

berepere

if you can access MMF or buy T-bills then you can get the same 5% or better without the risks associated with coinbase or USDC . The only advantage of coinbase in this case is having your money available at the shortest possible notice; while MMF or T-bills are very liquid, you'd still need to wire funds to an exchange before being able to buy more coin.

OisinT

I need to hire North Korea to get me some of my money back from the MMF rugpull.

simplicity92

MMF ecosytem.

simplicity92

MMF

simplicity92

Probably MMF. if you know them. They called themselves the largest DEX in CRO DEFI

simplicity92

Hey bro. Irs the same as MMF. Just get out of this

Shiratori-3

MMF

Shiratori-3

Ouch; we all have our education fees. I remember paying to learn that yield farming protocols were largely scams, at MMF University.

OisinT

Stay away from all those MMF rugpulls.

MaeronTargaryen

Damn, even Cronos has more TVL Although, in its heyday cronos had more than 1B because of MMF, so this isn’t the most useful piece of data

PbkacHelpDesk

Hey better to stop it now. I got taken for 10k+ USD chasing the dragon trusting in the complex scam that is MMF on the Cronos DEX. Crypto.com DeFi. I had an opportunity to take profit at 20k back in 2021 during the hype but I held bags.

DrJekyll_UK

MMF on the Cronos chain. The real shame of it was it seemed to have been a solid enough project, with good tokenomics and they had done a ton of impressive work on their website. To me it looked as if it had actually started as a legit project, but somewhere along the way the developers had seen an opportunity to do a rugpull. But after they fleeced users on Cronos they just moved on and set-up on Polygon and did the EXACT same thing there, and users fell for it all over again.

WiseSilverWolf

• Started in crypto at the peak back in like 2021 with CRO at $0.72, saw it keep going up and i thought it was going to $1 so I invested $4k to get their Jade Green tier card which required staking $4k locked up for 6 months. By the end of the 6 months CRO dropped to like $0.38 but I was still earning 4% back on all purchases with their card (in CRO tokens) and getting free Netflix + Spotify so I decided to stake agian for another 6 months in the hopes that CRO would recover. By the end of the second 6 months CRO dropped from $0.38 to like $0.16 by the time that my staking period ended. My $4k was like $1.4k by the time that my two 6 month stakes were done lol. • I started experimenting in 2022 with defi and NFT's in the Cronos ecosystem, it was my first year in crypto so I just wanted to play around with the tech no learn how it works and hopefully earn some money while doing it. I got into projects like VVS and MMF because they were the biggest projects on Cronos so I figured they must be the biggest for a reason. I started with staking, earned a little bit of money (like $500) and thought "wow this is pretty cool" then the tokens kept going down in price as MMF kept doing one launchpad after another launchpad and every time they did their token prices would keep going down. I pulled my money from MMF and VVS and moved some to Pancakeswap and a new website called Toxic Deer on Cronos ecosystem. • I was making good money on Toxic Deer $50 a day or so but after like 30 days their liquidity pool which had less than 1M in liquidity in it kept being swing traded by whales and the Toxic Deer team used the DAO funds to save their site once but then the whales kept draining liquidity with more swing trades and the team didn't want to keep using DAO money to save the site so they ran away with millions in DAO funds. While the site was getting drained from funds I had my funds frozen and couldn't withdraw anything as the value kept going down... the reason I couldn't withdraw was because the site had a "compound earnings" button where you could add the earnings you gained every 24 hours to earn even more in a snowball effect but every time you compounded earnings it would freeze withdraws for like 4 days... I had to wait 4 days to remove my funds while liquidity was being attacked and the value of my tokens was going down. By the end the $1.8k that I had put into the site turned into like $600. • Pancakeswap, I staked 500 cake for a year but like a newbie I decided to add more cake and extend the length of the stake and everyone who staked for only a year without extending was cashing out their earnings after a year which caused the token to freefall. Basically all the earnings I made in a year were wiped out lol. • I fell for a YouTube liquidity front running scam video which claimed to help users create a bot that would add liquidity to new tokens when they were launched on Pancakeswap and then sell the tokens after they pump. The video showed the guy in the video earning bnb by the time that the video tutorial was done and the video had positive comments so I decided to try it. It involved users deploying a script that they copy + pasted on to a site (i forgot what site but it was a legit site like github) and then send bnb to fund the bot and start it. I sent 0.4 BNB to the bot and clicked "deploy" but nothing happened. Later on I found out that the script had a code in it to send the funds that you sent to the bot to the scammers wallet and the scammer was using Tornado Cash to send the funds he stole from victims to other wallets. There are still tons of scams like this on YouTube. • Recently I lost $1.5k in USDT using the Multichain bridge to transfer the USDT from Kucoin to Polygon. I had used Multichain at least a dozen times before without any issues but recently they posted on their Twitter that their CEO has been arrested by the Chinese police and part of their website was having issues, apparently users who tried to use their bridge would have the funds removed from their crypto wallet on the source chain but the funds would get stuck on the source chain and never be returned in the destination chain. There was no notice on their website to warn users this would happen so I got caught in the trap thinking the site was working like normal. There's a few more scams and failed projects that I fell for but I'm at work right now and can't post them until I get home. I'll post more if I get thumbs up.

Low_CharacterAdd

I've spent so much money on booze and gambling in my life. Any money lost due to crypto (MMF) scams is a piss drop in the bucket. And I didn't necessarily lose. I just didn't pull my money out at the top, but I'm still DCA

Shiratori-3

I read it, and it sounded a bit like MMF to me...

Shiratori-3

I'm at about 90% of my average buy price overall. So down a little bit but won't take much to be overall in the green. Some things are green now, and some are red and some are just wreckage and the price of learning some lessons along the way. Honestly though, apart from idiot errors along the way (like MMF), the main annoying thing is the stranded ETH 'dust' across different chains. It just sits there to annoy me whenever I see some of it.

simplicity92

Yeap. My path is not good either back when we were all celebrating doge. Im so happy i made 500. Then all came crashing down. Delve into defi like MMF, well can only blame myself on the lack of research. Chased 10k apr like a idiot only to see the value drop each day.

simplicity92

We all done it. I got into Defi and saw MMF Well its literally worthless now

WiseSilverWolf

Honestly as a poor 1st generation immigrant to the U.S with parents who never learned English and whos father worked construction his whole life and mother was a stay at home housewife im just hoping to make enough money from crypto to be able to pay off my parents mortgage. It hasnt been easy though, ive lost alot of money to crypto scammers, rug pulls, shitcoins (CRO, MMF, VVS, Deer, PHNX, Flux) , bridge rugpulls (recently lost $1.5k from Multichain), failed projects (Helium, Planetwatch, Deeper Network), Youtube scammers, etc.

simplicity92

Yea. I was here since late 2020. And we all got so hype when BTC reaches 69k. But well now we are all in the bear market. Played a few hundreds in the degen, LOOKING AT YOU MMF. But well all is gone. Cant do much, i didnt sold them. Am holding them as well. And not gonna buy anymore currently unless they drop the the levels i want them to. But well. Dont look at the charts all day, and youll be fine.

Dapper_Artichoke_447

The MMF ecosystem on Cronos and not selling when it was hyped and just holding and watching it crumble

odins-father

Well, what do you consider a scam? CDC perhaps? I fell for that, or maybe MMF? I lost some money there, but thanks to the bearmarket and DCA I'm more or less in the greenish zone.

MaeronTargaryen

I went all-in in MMF

RollingDoingGreat

Why carry the extra risk and not just get 4.5% from a MMF?

OisinT

I've posted about it here before but I lost a lot in the MMF Cronos ecosystem. I'm resigned to the fact that I'll never get it back but I still hope I might recover some of it in the next bull run.

Shiratori-3

MMF for speedrun

Shiratori-3

I've still got one, which I have conviction will probably continue heading towards zero for perpetuity. But I'm keeping it as a reminder of exactly that. Spoiler: it's MMF

WiseSilverWolf

CRO, MMF, DEER, Algorand, YLDY, PHNX to name a few off the top of my head.

macroeconprod

Yes. Money provides a menu of services. Think of just the dollar. Cash is generally thought of as a medium of exchange, but the 100 bills stashed in the coffee cans of unbanked households across the US are used as store of value. That cash can be put into a Savings account where it gets interest as a store of value, but can be withdrawn for medium of exchange purposes (with of course a fee or other limitations). One could also hold dollars as a speculative tool for gambling on exchange rate changes say between the dollar and the peso. You can move up to Money market funds, commercial paper, and overnight repurchase agreements as well. It depends on its use and context as a service to the consumer of that monetary purpose. But this is where pricing becomes very difficult. A pure medium of exchange asset should have no interest, and is penalized for holding due to inflation. A store of value should have some return over time to make up for the inflation penalty. A speculative asset should have some high rate of return to provide that reward for risk. So Simple Sum aggregate measures like Monetary Base, M1, or M2 are already erroneous because they treat cash and reserve balances (in Base) as equivalent use or cash and money market mutual funds as equivalent in use (I don't buy groceries with MMF and I don't like the inflation penalty of storing cash in a coffee can as savings). These aren't trivial price (opportunity cost) differences, and lead to an overall measure of quantity supply that could be way off. Imagine counting cars and skate boards as "travel service" equivalent to 5 because you have one car and four skateboards. Yikes. Imagine how off total market cap of Bitcoin is because it's measure in a Monetary Base (medium of exchange) style, while some users are gambling with it heavily (speculation) . It's made my Monetary Econ class really philosophical lately.

headbangervcd

MMF

MaeronTargaryen

I remember getting in MMF because they had 2% daily lmao

MaeronTargaryen

No it’s MMF lol

MaeronTargaryen

I bought some MMF when the daily APR was at 2% lmao

Geolinear

In reading this is see some parallels to the MMF ecosystem on CRO and the debauchery that turned into.

Most_Being_4002

MMF..i was sold this with 2€ gains,i was with 100€ in,so good,today its maybe 5€..i was lucky without loss

Tygro16

Or MMF

jordbrouss1095

Here's my story, which the thread got deleted because self story are not allowed How Crypto changed my life My wife is starting back her job today so I wanted to share how crypto changed our life in the past months. I posted it once in a comment so few people might be aware but here's the story. About 2 years ago my wife was diagnosed with a cancer right after the birth of the twin. To be able to received the treatment fast enough we had to pay quite a good amount of money instead of waiting on the public list. Thanks covid for slowing down treatment delay.... Few months before the diagnostif, when MMF came out on the market and created the Mshare / SVN I invested around 2k into it. Price of mshare went from 4-5k to 21k. Then it stayed around this number for a few weeks. They had a farm that was giving 9-10% DAILY. I made about 10-12x in two months. I was harvesting about 1k/week. Cashed out a good part of it for pay for wife cancer treatment. Took the rest of it and put in into ETH/Matic/ and few other coins. ** Few months after it was rugpulled 2x so DYOR I had many bad experience about crypto but lets say this one was a life changer and in a good way. I was lucky enough to invest and cash out at the good time. Lets all be patient and one day we may all have a life changing gain. Today is the first day of work of my wife since her cancer. We're going to celebrate it tonight with the kids amd a good bottle.of.champain. I wish you all an awesome day and eventually some nice crypto gain!

HashSlingingSlasherJ

Yoo I got into MMF pretty early on too! Haven’t seen many other people talk about it. Luckily seems like we both made some good money and got out before the fat lady stopped singing. Glad crypto helped you out OP.

Elleucas

I was into MMF too. Cash out a little. Unfortunately run again till the bottom…