Those who don't play Defi much may not know the first and second pools of Defi.
The first pool is a stable currency or ETH trading pair for mining, with low volatility and low uncompensated losses, but the returns are also low.
The second pool is the native currency of the protocol, such as Sushi/USDC trading pairs, with much higher uncompensated losses, but extremely high returns.
In the Defi Summer of that year, there were many myths of the second pool doubling in one day and three days, but those who ran slowly would eventually be harvested. Because if you form an LP, you will become an exit liquidity.
With the end of the Defi story, the amount of ETH in Defi has decreased.
And the former first pool of underlying assets ETH, with the participation of many capitals, formed a group and pledged the track, and created many high-yield expectations with products such as Eigenlayer, ETHFI, and Renzo. It locked nearly 10% of the total ETH.
From a more macro perspective, ETH has become a second pool, allowing more people to pledge ETH, and the big dealers, after the ETF was passed, Sell The News, continue to exit liquidity.
The former pool scam changed from altcoin to ETH. The scam changed its method and the target was a big one, and people seemed to have lost their memory.
The exchange rate against ETH reached a record low.
