Comment by perihelions

4 years ago

This was their old marketing:

https://news.ycombinator.com/item?id=31431915

-"15% interest. No surprises."

20 comments

perihelions

Reply
TheDudeMan  4 years ago

To be fair, the collapse of an algorithmic stablecoin is no surprise ;)

  • puranjay  4 years ago

    I can tell you right now that there is absolutely no safe yield in crypto currently that goes beyond 4% on a “safe” stablecoin like USDC. For truly safe (as in, huge value locked, never been hacked), the yield is more like 1.5-2%

    All the high yield is in algoponzis or new protocols that carry massive protocol risk

    • ceeplusplus  4 years ago

      Eh, there are CeFi lenders like BlockFi/Gemini offering 7%. It's not zero risk, but the loans are partly collateralized and the borrowers are institutional entities who aren't your everyday scammer. It's better than unsecured corporate bonds in my view.

nrmitchi  4 years ago

Thank you! I was looking for that image (which I'd seen before) but couldn't find it.

Will be interesting to hear the argument "Well technically there were no surprises here, because customers should not be surprised when they lose all their money investing in risky assets. Therefore, technically, we did not lie."

gus_massa  4 years ago

Was it 15% monthly or 15% annual?

Terry_Roll  4 years ago

Dont rely on any websites & webpages existing like this link.

I can show you links where even the Wayback machine has removed content, most people will know how Google Cache has removed content, so print all copies and have hard copies safely stored away where they cant be destroyed. Houses will be broken into in order to destroy evidence, I know I've had it done to me!

This may be your only chance to out the criminals that run the world!

  • gruez  4 years ago

    >Houses will be broken into in order to destroy evidence, I know I've had it done to me!

    >This may be your only chance to out the criminals that run the world!

    Given that the screenshot is an (instagram?) ad, there's probably such a huge papertrail that can be subpoenaed that you don't have to worry about the founder breaking into your house to destroy the only copy of the marketing materials.