A few months ago I found Stablegains. I asked myself, “how is this possible?”, “why is this backed by YC?”. Started digging around. Read their TOS and Privacy

A few months ago I found Stablegains. I asked myself, “how is this possible?”, “why is this backed by YC?”. Started digging around. Read their TOS and Privacy Policy. Analyzed their relationship with the Anchor protocol. Then I found screenshots of the founder’s notebooks and code. Showing deposit amounts… At that point I knew this wasn’t about actually delivering value to customers if they were so sloppy with their security.