DeFi100 team steal $32m, post abusive message to victims on homepage

Re:DeFi100 team steal $32m, post abusive message to victims ... by ryanlol on Monday May 24, 2021 @01:37AM (#27261381)

How does Maker for example not create any value? They’ve built a decentralized USD-pegged token, how is that not worth something?

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Re:DeFi100 team steal $32m, post abusive message to victims ... by KirillPanov on Monday May 24, 2021 @03:39AM (#27261903)

Maker is just an index fund of centralized USD-pegged tokens: USDC and Tether.

Selling an index fund with only two relevant components, which your customers could have bought directly, does not add value.

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Re:DeFi100 team steal $32m, post abusive message to victims ... by ejanus on Tuesday May 25, 2021 @11:10AM (#27277844)

I don't think Maker is index fund. How?

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Re:DeFi100 team steal $32m, post abusive message to victims ... by KirillPanov on Wednesday May 26, 2021 @07:35AM (#27289130)

You can think whatever you like, but in times of crisis all that matters is collateral. MakerDAO is collateralized by Tether and USDC.

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Re:DeFi100 team steal $32m, post abusive message to victims ... by ejanus on Friday June 04, 2021 @01:23AM (#27390853)

They use array of tokens as their collateralized assets. I don't think they even include the tokens you mentioned.

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