To be fair, the collapse of an algorithmic stablecoin is no surprise ;)

I can tell you right now that there is absolutely no safe yield in crypto currently that goes beyond 4% on a “safe” stablecoin like USDC. For truly safe (as in, huge value locked, never been hacked), the yield is more like 1.5-2%

All the high yield is in algoponzis or new protocols that carry massive protocol risk

There is absolutely no safe crypto. Full stop.

There is also no safe stock, right?

(No need to list the differences between stocks and cryptocurrencies.)

Eh, there are CeFi lenders like BlockFi/Gemini offering 7%. It's not zero risk, but the loans are partly collateralized and the borrowers are institutional entities who aren't your everyday scammer. It's better than unsecured corporate bonds in my view.

15% interest? No, surprises!

Thank you! I was looking for that image (which I'd seen before) but couldn't find it.

Will be interesting to hear the argument "Well technically there were no surprises here, because customers should not be surprised when they lose all their money investing in risky assets. Therefore, technically, we did not lie."

> "15% interest. No surprises."

I’m honestly not surprised about how things turned out.

Was it 15% monthly or 15% annual?

Well 15% monthly woud be ~535% annual and at that point you're well past "highly unlikely" and into "I'm printing money in my 20k sqft basement" territory.

We had a big Ponzi that exploded last month in Argentina (and extended to a few nearby countries). They promised a monthly interest from 7.5% to 20% (and IIRC they has even better offers for special "investors"). For example see https://www.ambito.com/informacion-general/generacion-zoe/le... autotranslation https://www-ambito-com.translate.goog/informacion-general/ge...

Dont rely on any websites & webpages existing like this link.

I can show you links where even the Wayback machine has removed content, most people will know how Google Cache has removed content, so print all copies and have hard copies safely stored away where they cant be destroyed. Houses will be broken into in order to destroy evidence, I know I've had it done to me!

This may be your only chance to out the criminals that run the world!

>Houses will be broken into in order to destroy evidence, I know I've had it done to me!

>This may be your only chance to out the criminals that run the world!

Given that the screenshot is an (instagram?) ad, there's probably such a huge papertrail that can be subpoenaed that you don't have to worry about the founder breaking into your house to destroy the only copy of the marketing materials.

Maybe you could store it on the blcokchain…

That would quite legitimately work.

I love the hubris people have in technology.