“Upon investigation, it was learned that the price feed had been paused by Chainlink due to extreme market conditions,” Venus Protocol explained...”
Wait a sec...
The people running this “currency” have NO CLUE how it works?
Like... They just arrived to an office one day with running equipment, servers, racks and software and had to learn how it worked ?
Am I the only one seeing this?
Welcome to the blockchain and crypto world FRiend...
Anyone CLAIMING to understand it is trying to get actual money from you in exchange for monopoly money.
It’s all an outgrowth of the mentality that everything can be made available free of charge. Actual money grows in quantity/availability due to economic activity, while crypto just appears out of nowhere.
“The people running this “currency” have NO CLUE how it works?”
I think it’s more like one exchange that was trading the currency, not the people running the currency itself. Imagine if you could trade stocks that are based on the NYSE in some subsidiary exchange in Chicago, but the link updating the prices from the NYSE was frozen. You could pull out a phone, call someone in New York to get the actual spot price and then trade based on that “insider information” to make great profits until everyone else caught on.