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River S4 has been live for 4 days (launched on December 22nd),
and today I finally can't hold back from complaining:
The regret of S3: Although S3's popularity allowed me to get a slice of River and meet many big players in the mouth-earning community, such high popularity was actually crushed by this makeshift team, which is truly disappointing.
Peak TVL was 650M, satUSD circulation was 350M, ranking in the top 25 on DeFiLlama. Now that S4 is here, liquidity hasn't kept up.
In a bear market, everyone dares not go all-in. TVL remains stable between 400-700M, the satUSD peg is steady, but trading volume is pitifully low, and LP pool slippage is huge at the slightest touch. Large funds can enter easily, but if you want to exit? You’ll have to peel off layers of skin.
S4 is now like boiling a frog in cold water. With such poor liquidity, if you hold the airdrop without selling, can you really expect it to turn red and grow?