I, a crypto novice with a head full of fantasies about getting rich, was completely bewitched by the fervent illusion of 'getting rich quickly from Alpha airdrop' and thought I was just one step away from a Lamborghini! This morning, like a gambling addict, I threw down 1700U into the battlefield of MCH tokens, preparing to make a fortune from the airdrop! As a result, the market transformed into a ruthless meat grinder, MCH plummeted like a meteorite, and I was heavily 'squeezed' for 100U, my wallet instantly flowing with blood! Airdrop? Nowhere to be seen! Wealth? All turned to bubbles! This absurd drama of 'instant employment and instant resignation' shattered my heart and made me see clearly: chasing airdrops is the purgatory of retail investors, and the dream of getting rich is just an illusion under the butcher's knife! On the brink of collapse, I discovered Dolomite_io, a DeFi lending and leveraged trading tool that uses safety as a shield, igniting the hope for my transformation from a retail investor to a value investor!
Awakening from lessons: The value of Dolomite
Dolomite's design impressed me. It uses an isolated market mechanism to separate the markets of different assets, each with independent asset and risk parameters. If a small cryptocurrency (like the MCH I was previously chasing) goes to zero, the risk will be confined to that market and will not affect mainstream markets like ETH or USDC. This means that my funds will not be wiped out due to the collapse of a high-risk asset, greatly enhancing security.
Compared to my previous blind pursuit of airdrops, Dolomite's mechanism has shown me a more rational way to play. For example, I can use 1 ETH as collateral to borrow USDT worth 2 ETH, using a total value of 3 ETH to invest in other tokens, amplifying returns. The entire process is completed in a one-stop manner on Dolomite's interface, saving me the hassle of transferring funds across multiple platforms. More importantly, Dolomite aggregates liquidity from multiple DEXs like Uniswap and SushiSwap, ensuring that I can get the best prices and lowest slippage during transactions. This allows a newcomer like me to participate in the market more efficiently without worrying about being 'cut' worse by high slippage.
Choices suitable for different players
For newcomers like me who have been burned by airdrops, Dolomite offers two possibilities:
Conservative players: I can deposit funds into Dolomite's low-risk market to earn stable deposit interest. Due to the design of isolated markets, my funds will not be dragged down by other high-risk markets, ensuring safety.
Aggressive players: If I want to pursue high returns, Dolomite's leveraged trading feature allows me to control larger positions with a smaller amount of capital. Of course, leveraged trading carries high risks, but compared to blindly chasing airdrops, at least Dolomite's mechanism is more transparent and the operations are more controllable.
The transition from retail investors to value investing
This time the plummet of MCH made me realize that chasing airdrops seems to have a low threshold, but in reality, the risks are extremely high. A slight misstep can lead to being 'educated' by the market. In contrast, projects like Dolomite, with their design of isolated markets, liquidity aggregation, and one-stop operations, offer a safer and more efficient way to invest. Its token DOLO, as the core asset of the platform, carries the long-term value of the protocol, which is much more worth researching and investing in than chasing short-term airdrops.
As a newcomer who has evolved from being a 'retail investor', I have decided to bid farewell to the days of blindly chasing airdrops. In the future, I will pay more attention to projects like Dolomite that have solid mechanisms and long-term potential. The crypto world is deep, but value investing may be the right path to wealth. What about you? Are you still chasing the dream of airdrops, or have you turned to a more stable path?
