From TFA: > Many Stablegains users — including bartenders, postal workers and general contractors — feel they were misled by Stablegains’ marketing, which stre

From TFA: > Many Stablegains users — including bartenders, postal workers and general contractors — feel they were misled by Stablegains’ marketing, which stressed the safety, ease and promise of decentralized finance, or “DeFi” for short. From the bottom of Stablegains website: > There is a range of safeguards in place to help secure your deposits, however holding and depositing stablecoins with Stablegains and third party lending platforms still carries significant risk. Please carefully read our Terms of Use and Risk disclosures[1] in our Learning Center before making a deposit. Any deposit with Stablegains and third party lending platforms is entirely your responsibility. You understand that your principal is at risk. 1. https://stablegains.zendesk.com/hc/en-us/articles/4402680696081-Overview-of-risks https://stablegains.zendesk.com/hc/en-us/articles/4402680696... From Overview of risks: > As Stablegains is not a traditional US bank, the funds are not secured by the FDIC. While we aim to make every effort to understand and mitigate everything that can possibly go wrong, there is still a non-zero risk you can lose your deposit. Our advice is to diversify and never invest all of your savings in a single place. Who the heck invests their life savings, all of it, in this kind of scheme? > “I felt, ‘Wow, they have a lot of confidence by richer, smarter people than me,'” Insall said. “It sounds like a no-brainer.” Ugh. What a terribly expensive lesson to learn. :-(