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#degen-trading no more
The birthplace of DeFi is shutting down!
Synthetix Discord was THE PLACE to be in 2019. So many blue chips of DeFi summer started there. Ideas were formed, knowledge was shared, we were off to change the world...
Aave, Curve, Optimism, Illuvium, Infinex, xToken, Kwenta, Derive, dHEDGE... So many projects were kicked off from that Discord.
$6 memes, Garth’s promised (and rugged) boat party to celebrate it all, Hobo Joe, Nikhil, the great trolls whose posts were ironically filled with insights, Spartan Council... My interactive Discord bots, before anyone had Discord bots and AI was a thing... It will all always have a special place in my heart.
There would be no Overtime, and I wouldn’t be where I am professionally and personally, were it not for Synthetix and that very Discord.
Alas, the greats have fallen hard. Not many have paid the price of vesting coming to an end as much as Synthetix. As soon as DeFi summer started winding down, no team member from the original crew was left, at least not in a full-time capacity.
The downfall has been slow but steady. Honest attempts were made to drive it forward in the meantime, but without proper guidance and direction, all failed and missed their chance. So in nutshell, it's been constant bleeding over five years.
Atm, it’s a ghost town:
- No one knows who is even on the team anymore, if there is a team.
- sUSD has been wound down, with holders promised vested SNX.
- The treasury seems to be out of runway and offloading SNX and INF to pay wages (To whom?!)
- Discord is dead. No proper comms on the path forward, just vague messages about things in store.
Synthetix and its first team taught me DeFi, the values of a DAO, and the ethics of how to spearhead a community-owned protocol.
Alas, I fear I might be the only one still adhering to those values these days.
As for Synthetix, it might be time to call it a day and spoil the good memories no further.
Shoutout the legend @vfat0 for adding Meridian’s Genesis to vfat tools 🔥
vfat.tools/robinhood/mcdao/
Bonus tools page vfat.tools/arc/aero/
Small MCP update, you can now include non-whitelisted tokens (i.e. anything) and filter for recent ones:
VFAT MCP mcp.vfat.io/mcp
search_yield_opportunities { chainIds:[4663], sortBy:"tvl", sortDirection:"desc", createdAfter:"<now-24h ISO>", includeNonWhitelisted:true }
Ready when you are vfat.tools/robinhood/equilib…
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I don't know what I'm doing vfat.tools/sol/stonkfun/
vfat.eth retweeted
vfat.tools is back what a time to be alive
used to find all the best apr farms on here back in the day
What do you want to see next? Ask here or in the @vfat_io discord discord.gg/vfat

























