⚠️ CAUTIONARY TALE - Read Before You Ape In
I lost $47,000 in the 2022 DeFi crash. Here's what happened so you can avoid my mistakes:
May 2022: Had 20 ETH ($60K at $3K/ETH). Deposited to Aave, borrowed $40K USDC at 66% LTV. Used borrowed USDC to buy more ETH ("leveraged long" strategy from...