zlacker

Their tagline is "Earn higher interest on your cash". And the website says "You can now earn up to 15% APY interest on your cash with Stablegains. This is 30x higher than in your traditional bank*."

I don't see how they can justify making such a claim. Once you put the money into their system the cash is converted to UST. No one is earning interest on their cash.

Comparing themselves to a bank, and using terminology like "deposit" and "withdrawl" are sketchy as hell. All those imply that the capital is not at risk, which it obviously was.

>>underw+(OP)
When you're advertising higher yearly interests than Madoff, that should raise some warnings into people's head.