zlacker

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1. gzer0+(OP)[view] [source] 2022-05-19 11:16:32
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...

replies(2): >>bhoust+0i >>xtract+8O1
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2. bhoust+0i[view] [source] 2022-05-19 13:10:15
>>gzer0+(OP)
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.
replies(1): >>dropne+fj
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3. dropne+fj[view] [source] [discussion] 2022-05-19 13:16:36
>>bhoust+0i
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.

replies(1): >>kgwgk+sr1
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4. kgwgk+sr1[view] [source] [discussion] 2022-05-19 18:53:22
>>dropne+fj
Also startup’s black swan effects are usually of the form “our service is no more” rather than “your savings are no more”.
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5. xtract+8O1[view] [source] 2022-05-19 20:50:13
>>gzer0+(OP)
I wonder what Jordan Gillespie, Kasey Cook and Kai Pedersen think now of the Stablegains product and service.
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