I was fascinated about web3 at some point. All those smart contracts, DEX, L2 bridges, lending protocols, staking, liquidity providing, fancy projects with cosmic white papers.

Then I've realized that this whole thing is just a scam.

Most of those projects are about swapping shitcoins for other shitcoins.

You can stake shitcoins and earn more created of thin air shitcoins, than use them to lend more shitcoins to bet against other shitcoins.

None of that have any real fundamenals and it has zero usability outside of web3 bubble.

Their only purpose is speculation wrapped in fancy buzzwords.

All shitcoin investors are just waiting to drop the bags on some profit and exit to fiat.

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Stablecoins, synthetic assets and algoritmic stablecoins are interesting experiments