The ironic beauty of memecoins is that you can clearly assess your risk.

Invest 100 USD, and if it goes to zero, you've lost just that amount.

In DeFi, however, you're exposed to greater downside risk because you need to deploy more capital to achieve significant upside.

Wanna earn $10K USD per year? You'll need $100k deposited at 10% APR for a year.

There're multiple vulnerability vectors. Protocol got hacked? Rugged? Bad luck.

On a memecoin, you put $1k and pray for 10x.

Memecoins let you dream of achieving more with less.

Obviously, I'm comparing apples to oranges!!! Don't attack me in the comments.

But I've noticed that I've been more conservative with my capital in DeFi while degen trading on memecoins.

Yet I don't degen into the newest protocols with a large portfolio allocation anymore - it's not worth the risk.

That's sad because, if you're like me, I think new DeFi protocols will need to grind harder and survive longer before they can know if they have PMF.

They'll need to be more lean, save cash and adapt to the changing market.

It's gonna be frustrating and giving up will be tempting.

For now, I'm back at the exploration stage: looking for innovative, exciting protocols that offer unique value proposition.

Funny enough, the greatest rewards always came from protocols I was testing purely out of curiosity.

Or I'll might get a 100x on a memecoin first!

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