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Sticking to Core Fundamentals Saved Polygon From FTX Calamity, Says Polygon Co-founder

“I am happy to see @0xPolygon ecosystem was lucky to come out safe from all this chaos. I can speak for myself and a few ecosystem founders I spoke with,” Polygon co-founder Sandeep Nailwal said in a tweet on Saturday.

Sticking to core fundamentals of self-custody and trustlessness, Nailwal said, saved Polygon from exposure to FTX. He also mentioned not being greedy for attractive yields or market opportunities as the factors that kept polygon out of all the chaos in the wake of FTX’s failure.

“But many other ecosystems, VCs, and institutions got hit, why, because we all, collectively, have started neglecting our core fundamentals of Web3 more frequently than ever before,” he explained.

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