zlacker

>>mkeete+(OP)
> While we have informed users that there are no absolute guarantees against risks

I'm... uh.... fairly certain this was not the crux of their marketing which severly downplayed the underlying risk. There is also a huge spectrum between "we cannot guarantee that there is 0 risk" (which seems to be what the above sentence is saying), and "there exists a risk that all of your funds disappears in 24 hours".

It seems like there is some serious rewriting of history going on here.

Question though, do the founders here have any potential criminal liability from this whole situation (including apparently lying about what they were doing with their customers funds)?

>>nrmitc+ib
This was their old marketing:

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

-"15% interest. No surprises."

>>perihe+Sb
To be fair, the collapse of an algorithmic stablecoin is no surprise ;)

>>TheDud+Xc
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