Anyone knows why the TVL has drop so significantly compared to the other crypto DeFi? Not to worry, but I am also concern why we don’t push out a lot of news and update on many medium but once in a long while. Are we short of developers on the Ren team or it does not capture enough interest compared to other protocols? I believe the technology is solid, but I feel the coin price should be much higher, except that not only we have more dark node operators now more than ever, but price is inversely correlated. Could we get some confirmation bias or something positive around here?
Yea the TVL thing is worrisome. My guess is that some big players (Almeda?!) burned some of their holdings because of the Market turmoil. I don’t think it’s because a distrust in Ren specifically.
So I’m in solid HODL mode and will keep my DN.