zlacker

>>donsup+(OP)
Quick comparison between archive.org March 27th snapshot

27 March 2022 > There are no lock-up periods. Withdraw your funds any time and keep the interest you earned.

18 May 2022 > There are no long-term lock-up periods.

These guys are going under.

[1] https://web.archive.org/web/20220308041252/https://www.stabl...

>>gzer0+8t
They didn't plan for a black swam. I think that they only kept so much money around to do redemptions (fractional reserve) assuming that there wouldn't be a run on the bank. But then when a run on the bank happened, they were screwed as they had been locking up the funds.

>>bhoust+8L
startups usually dont have enough resources for a black swan.

but this collapse was entirely predictable- many analysts pointed it out and were mocked by kwon and the self-described LUNAtics.

founders either didn't do enough diligence, or didn't care.

>>dropne+nM
Also startup’s black swan effects are usually of the form “our service is no more” rather than “your savings are no more”.