3 ms·
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 e
by gzer0 4y ago
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.stablegains.com/ https://web.archive.org/web/20220308041252/https://www.stabl...
- xtracto 4y agoI wonder what Jordan Gillespie, Kasey Cook and Kai Pedersen think now of the Stablegains product and service.
- bhouston 4y agoThey 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.
- krsrhe 4y ago
- dropnerd 4y agostartups 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.
- kgwgk 4y agoAlso startup’s black swan effects are usually of the form “our service is no more” rather than “your savings are no more”.