X @Ignas | DeFi

Risk Management - Holding the token of a frequently used protocol can create double risk, as a hack could lead to both deposit losses and token value decline [1] - Diversification is not achieved by holding the token of a protocol where one's assets are deposited [1] Investment Strategy - Heavy users of a protocol might consider not holding its token to mitigate risk [2] - Those bullish on a protocol's growth may find it more beneficial to hold the token rather than depositing assets [2] - This logic applies to various protocols like Aave, Hyperliquid, Pendle, Fluid, and Lido [2] Analogy - The situation is compared to using Apple products and then buying Apple stock, but with the caveat that crypto carries different risks [1]