Maybe we should be more cautious before recommending people to use onchain lending pools.

I know they’re some of Ethereum’s greatest apps and amazing feats of engineering that really showcase the capabilities of smart contracts, but we gotta face the fact that nearly everyone who’s used them and took loans backed by crypto, even with conservative initial LTVs, have gotten liquidated badly.

Maybe we should be more like “hey, you can put your crypto to use with these experimental onchain borrowing protocols that have been proven to be very secure and innovative from a software engineering standpoint, but technically it’s still leverage trading and arguably a gamble so don’t put too much in.”