- Arthur Hayes criticizes Cardano calling it “dog shit” for lacking native DeFi dApps on its blockchain.
- Cardano community member, Dan Gambardello defends Cardano’s unique liquid staking system, emphasizing flexibility and efficiency.
- Gambardello highlights Cardano’s Ouroboros protocol, which secures liquid staking without locking coins, appealing to long-term investors.
A Twitter (X) conversation between Arthur Hayes, co-founder of BitMEX, and Dan Gambardello, a Cardano community member, sparked a debate about the state of the Cardano ecosystem and its decentralized applications (dApps). Hayes sparked the conversation with a critical tweet about the absence of established DeFi dApps built on Cardano’s blockchain.
It’s not about “believing” in Cardano. But I’m definitely a fan of it.I'm not sure if you're aware, but Cardano has a native liquid staking system built into its Ouroboros protocol. This means that Cardano users can stake their $ADA without locking it up for a specific period…
— Dan Gambardello (@cryptorecruitr) February 21, 2024
Hayes’ initial tweet criticized Cardano, stating that none of the popular DeFi dApps listed in his chart we…
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