@duonine@CozomoMedici All these algorithmic stables shouldn't even exist.. I can't believe how people gets lured to the words "overcollaterized" and "high APY".
HAVEN'T WE LEARNT ANYTHING AFTER LUNA AND UST?
@duonine@MorphoLabs@eulerfinance This is absolutely terrifying bro! Thanks for the great explanation, really understandable.
Now I've got questions about these risk curators, because they're in other DeFi platforms (like Kamino in Solana), and I wonder if they are shady everywhere 😔
@FabianoSolana I completely agree with you! Especially with point 2. Excellent post! I hope it helps to other uncertain people or to change mind of the people who voted "no".
@coinfoin_ Don't look at other people. Big influencers in X got up to 30% of the total ICO, so that's why small commitment equals to bigger allocation.
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@soapboxuncle@JupiterExchange@ethena Most likely...one way or another gotta help the stakers who saw their $JUP bleed in the last year (during bull market)
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12/13 🧵 DYOR note 📌
Synthetic dollars + multi-strategy yield = real risk (contracts, markets, execution). Read the docs, check live rates, and only use funds you can afford to risk. Not financial advice.