
Recent discussions within the cryptocurrency community have centered on a new stablecoin farming opportunity offering an annual percentage yield (APY) of 40%. However, concerns have arisen regarding the sustainability and transparency of this investment, with some users expressing disbelief over the existence of hidden risks associated with the farm. Reports indicate that the farming mechanism may collapse after one month, leading to skepticism among investors who initially jumped in without fully understanding the terms. Bankless, a prominent player in the crypto space, has faced criticism for its handling of the situation, with accusations of being predatory and lacking transparency. The backlash highlights a growing concern over the practices of certain entities in the cryptocurrency ecosystem, as users question the integrity of those promoting such high-yield opportunities.
Bankless had a reputation to begin with? Lol.
Pretty high chance Bankless didn’t even know their wallets with allocations were public. They’ve always seemed very predatory, but i think we can chalk this one up to mostly being retarded. The fact that they instantly bought back shows they were shocked to be caught.
Bankless spent years building their own echo chamber by blocking critics on CT. Now they're insulated from the PR backlash, not that it matters. Their dealflow and distribution network is so established, they can keep operating in their bubble without consequences. We are not a…