A friend asked: “CAP’s locked value is down 20.93%. Is that a bad thing?”
I said: From the protocol’s perspective, it’s certainly not a good thing—the value locked fell by $56.88 million in 24 hours. But it’s hard to tell how much of that was withdrawals and how much was a drop in asset prices. And when it comes to the token price at $CAP , that’s another matter; locked value and token prices often don’t move in sync.
How would everyone answer?
#CAP
I said: From the protocol’s perspective, it’s certainly not a good thing—the value locked fell by $56.88 million in 24 hours. But it’s hard to tell how much of that was withdrawals and how much was a drop in asset prices. And when it comes to the token price at $CAP , that’s another matter; locked value and token prices often don’t move in sync.
How would everyone answer?
#CAP