I recently suffered a significant loss in #DeFi.

Here is how it happened & why I decided to share it. ⬇️

I simply did a mistake by setting the price when creating a pool on a DEX. ie, instead of setting ETH at 1800 USDC, I set ETH at 1/1800 USDC and got instantly arbitraged.
That's an example, hopefully the price difference wasn't that huge.

Now what's interesting to share is what happened when I realized my mistake.

My very first reaction was to blame the protocols UI for being unclear.

DERESPONSABILIZATION ❌

Then I insulted myself: "What an idiot!"... might even have been "What a fucking dumbass" to be honest.

SELF-CRITICISM ❌
Then I felt SHAME: "How come I make such a mistake as a DeFi instructor"

That might be a direct consequence of self-criticism: a degraded perception of my own value.
Finally, I felt INSECURE because of losing a decent amount of money.

I overcame this episode by starting with acceptance. I indeed lost money and there is nothing more I can do about it... except taking a lesson.

Being responsible for our assets is actually the reason why I love DeFi ♥️

Mistakes happen to anyone and it doesn't define their value.

I made that money before losing it, there is no reason I won't get it back.

I see DeFi a bit as practicing a sport involving elements such as the ocean or mountains: thrilling but dangerous.

Stay humble, and you're gonna be just fine.

I hope my experience can be useful to others, feel free to share if you believe it can 🙏