Did anyone do a basic pyramid test for these xxx% apy pools?
It would be sad if this is pyramid.
But maybe there is some realistic explanation for this xxx% apy.
Because in past 3000 years of lending, this level of apy was only from pyramid or mafia loans.
Maybe DeFi invented some incredible solution to unlimited interest.
Or maybe they did not.
I honestly dont know, I did not read about DeFi.
I only know that masternodes I invested in 2018, used this xxx% apy and they all went down -99%.
Most of those were pyramids.
I invested in waves so like to know about this. So I dont lose 99% again.
If I stake 10 000 usdn and get xxx% interest per year, even if waves price goes down, I can still take this 10k plus interest?
If the answer is yes, then probably at some point, usdn will implode because how is this xxx% apy generated? It cannot be from trading fees I think. Waves fees is very low.
If USDN implodes and become worthless, that is the definition of pyramid.
I guess DeFi should be called ponzi, not pyramid.
Waves previously issued something called wusd.
If you read this thread, you will learn what became of this wusd that was supposedly backed by real dollars...
I mentioned before that binance was doing most of the scamming lately with futures.
Waves was very quiet, good boy.
Now we can see that it is quiet before tsunami.
So, we have a trigger for w4 in combination with lockdown ending, vaccines and spring time with warm weather.
This is the reason turtlenetwork did not go up, because there is no ponzi section.
I dont feel sorry for investors who lose money on defi when usdn become worth zero or is blocked from trading? Are you this stupid?
Maybe waves will go to $100 before the scam is understood by stupid people. But for me, even if I make profit from $12 to $100 it is unethical.
But this is only swedish mentality, no other country on earth has this level of ethics. Our goverment cannot invest in unethical companies even if they are super profitable.
I dont care, if this is real ponzi it will go x100 more before implosion.
And waves will find other ways to triumph. It is good tech but the devs have zero moral iq.
If you are investor looking for real xxx% apy it is better to invest in M2 crypto which is nr 2 token on waves:
https://bitcointalksearch.org/topic/m.56357569Here I can offer x50 profit in 12-24 months, forget DeFi.