$2.8 billion was stolen by rug pulls in 2021. $2.8 BILLION!!!
Rug pulls have also increased over 30 fold, from 1% of crypto scams to 37% of crypto scams.
Unfortunately, this trend is just going to increase as thieves try to make a quick buck. Only regulation is going to stop this worrying trend.
Or is it?
As the wise Charlie Munger once said “Never, ever, think about something else when you should be thinking about the power of incentives.”
That’s why the TOAD.network team invented the Decentralized Perpetual Liquidity Protocol, and donated all their dev tokens to it. This incentivizes the dev team (and everyone else) to HODL long term.
With incentives aligned, the TOAD dev team has basically pulled the rug out from under themselves.
Curious to find out more? Check out the video on DPLP here.
submitted by /u/throes_of_dark