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They are the pioneers of Web3 and crypto adoption as long as they're paying unreasonable APY in a 0% interest rate regime, and a more or less tradfi company as
by polygamous_bat 4y ago
They are the pioneers of Web3 and crypto adoption as long as they're paying unreasonable APY in a 0% interest rate regime, and a more or less tradfi company as soon as they are exposed to be a ponzi scheme. Because we all know crypto is perfect and can't fail.
- rippercushions 4y agoInterest rates aren't 0% anymore. Of course, this only makes things even harder for crypto Ponzis, because they have to offer even more unsustainable rates to keep up.
- polygamous_bat 4y agoI agree with you, arguably interest rate raising above the minimum is what exposed a lot of these scams.