Has anyone heard of Fuck the matrix coin. It’s been out for about a month. Presale was about .05 cents. Right now it has a market cap of 25 million with 2 million locked, sitting at 10 cents?

@Chris Myco or anyone have tips on using the Zebec card? I thought I signed up for a Carbon card and loaded funds, but the email says the money is going to a one-time load card? Also, https://app.card.zebec.io/register does not load - just a blank page.

🌱 What is DeFi? (Beginner) Decentralized Finance (DeFi) is finance without banks. Instead of relying on middlemen, DeFi uses blockchains + smart contracts to let you: - Swap tokens (like trading dollars for euros, but instant). - Earn interest by lending your tokens. - Borrow against your crypto without selling it. - Join liquidity pools and earn a share of fees. Think of DeFi as banking software that nobody owns, running 24/7 on Ethereum and other blockchains. 🔑 Key Principles (Foundations) - Permissionless: Anyone with a wallet can participate — no applications or approvals. - Transparent: All transactions and rules are visible on-chain. - Self-Custody: You hold the keys, not a bank or exchange. (But this means you also carry the responsibility). 💡 Stewardship means: don’t outsource your financial sovereignty — but don’t gamble with it either. ⚙️ Core Tools (Intermediate) - Wallets: - DEXs (Decentralized Exchanges): Uniswap, SushiSwap — swap tokens directly from your wallet. - Lending Protocols: Aave, Compound — earn interest or borrow against your crypto. - Stablecoins: USDC, DAI — crypto tokens pegged to the dollar, often used as the “cash” of DeFi. - Yield Farming / Liquidity Providing: Stake assets into pools to earn rewards (but requires deeper understanding of risk). ⚠️ Risks & Best Practices - Smart Contract Risk: Bugs or exploits can drain funds. - Impermanent Loss: Providing liquidity can lose value if token prices diverge. - Stablecoin Risk: Some stablecoins (like algorithmic ones) can collapse. - Scams: Fake tokens, rug pulls, phishing — always verify smart contract addresses. ✅ Best Practices: - Start small — never put in more than you can afford to lose while learning. - Learn one protocol thoroughly before trying others. - Use a hardware wallet for larger amounts. - Never chase yield blindly — high % often = high risk. 🌍 Why DeFi Matters (Big Picture) DeFi is a piece of the financial shift of Web3:

Have not read this article fully but Chat-g gave me a TL;DR. Talks about banks using stable coins which has been a hot topic in this circle. Here is a gift link for the first few ppl to click and read without a NYT subscription Main points - Big banks that once trashed crypto (Dimon, Moynihan, HSBC) are now racing to roll out crypto plans—especially stablecoins—and to brief investors and regulators about them. - The driver: politics (Trump-era pro-crypto stance), FOMO (Bitcoin >$100k), and fear of being outflanked by fintechs and retailers (Circle, Walmart, Amazon). - Banks are sketching an interbank payments/checking system using stablecoins. Execs privately worry it lacks mature consumer protections and oversight. How bank-issued stablecoins would work - Customers swap dollars for bank stablecoins to send/receive money (e.g., cheaper cross-border payments). - By law (the GENIUS Act), stablecoin reserves must sit in Treasuries/cash—banks keep the interest; customers earn nothing. - No FDIC insurance: if a stablecoin fails, there’s no automatic federal backstop. Impact on banking - Dollars parked in stablecoin reserves can’t be lent out like traditional deposits—shrinking deposit bases and loan capacity; the Kansas City Fed flagged possible economic side effects. - Some leaders warn even modest deposit flight could stress banks; others (e.g., Fifth Third’s CEO) think consumer checking is probably safe. Context & history - Banks have dabbled for years (brokerage exposure, crypto-backed loans). JPM tested JPM Coin with limited traction. - JPM dug into 19th-century wildcat banking and found a history of fraud/failures—stabilized only once national bank notes unified currency—adding cautionary vibes. What banks plan - Industry talks about one joint stablecoin (name TBD), while many also prep their own coins plus rewards programs. - None expected in market before year-end; strategies still in flux. - Bank of America confirmed it’s preparing “responses,” unsure whether to go solo or join a consortium.