Perhaps DYOR has failed : The need for professional research

DYOR has for the longest time been the motto of the crypto community. A gold standard to reduce the risk of investing in garbage.

But as time goes by we were hit with incredible blows such as Luna and SOL.

Yet at their peaks, these were praised. The algorithmic stable coin concept worked so well it became a top ten coin - it became believable that someone this concept just works (until it didn't)

SOL also surprised me : sure I sold my SOL due to my frustration with perceived outages. But I always thought the project was decent - strong dev team, strong community, decent speeds when things are working, great DApps such as Orca finance, growing ecosystem, etc etc.

Yet I had no idea that SBF and FTX were one of the single biggest backers of SOL. And when they went down the price of SOL crashed and burned with it. So strange - because the project itself is still legit.

This is truly an indication that we need proper research and analysis, beyond DYOR, research that's more in depth, looks at key risks factors that can cause disaster, key backers and more.

Cointest is a great start, but perhaps there is a need for the pros to start looking deeper than us users could.

My sincerest condolences to SOL users for the recent crash and burn. I really do hope your project recovers.

(disclaimer : I'm was not invested in Luna, I pulled out of SOL a while ago and this was typed on mobile)