In his latest trek down the rabbit hole, Mr. Fox digs into why he thinks algorithmic protocols are a danger in Web3 and how this applies to the drama at the peer-to-pool lending platform BendDAO. Also, he unpacks the startling rebound of those left-for-dead PFPs Pudgy Penguins, up an astonishing 70% in the last week, now under the leadership of the legendary Vincent Van Dough.