@stonecoldpat0@econoar Simple uis are not well designed for the target "power users" of defi protocols. This is a failure imo, as most of them are hardly usable for complex tasks that the actual users do.
The problem is that most of the stuff being hacked isnt permisionless. Its literally just tradfi products without any of the protections of those industries (regulation, insurance, accountability, etc).
We would be much better off if everything split into two different sectors, the first being truly decentralized and other being centralized products running on crypto rails.
This announcement completely ignores the interests of tokenholders.
>forced migration resulting in massive dilution
>no governance process enacted for such an extreme change of direction
>Announcement made right after a vote was launched to distribute Overnight assets to tokenholders
Overnight is closing. Reinforce is beginning. ๐
The mission stays the same: Make dollars productive.
The strategy changes: Stop making users "do" DeFi.
TRON holds $86B+ in stablecoins, but only $5B is in DeFi. Thatโs a 17x gapโthe largest pool of "dead capital" in crypto.
Most USDT users donโt want to bridge, stake, or harvest. They just want their money to work.
Reinforce is the answer.
xUSD: A rebasing dollar that grows in your wallet.
โ One signature: No gas management, no vaults, no complexity.
โ Transparency: Institutional-grade yield, simplified.
We aren't building a new farm. Weโre building the savings layer for the worldโs most used stablecoin network.
Read the full manifesto on why weโre evolving:
๐ https://t.co/369gz5rsXq
@ThinkingUSD@blknoiz06 Defintely not more "accessible" to work in the industry. As companies run out of cash they will continue to trim the fat and run lean teams in order to maintain runway for as long as possible.