pools now yielding
- WNXM: 2.6% daily
- SAFE+DAI: 2.4% daily
(price ref $2000)
Still very high.
Price dropped considerably. Much of the increase came from inexperienced users using single-sided Dai on the Balancer 98-2 pool.
Should be good if developer delivers. Duh.
As usual, the inexperienced bought a top. Ouch.
Amount of staked started to decrease late in the afternoon, but not by much. Think the return should keep bid for the rest of the week. The key risk is developer not delivering. For as long as there is no product, speculators are incentivized to dump .
The difference between a ponzi and a good product is .... the latter has a product that adds value. Obviously. If developer doesn't deliver this will be nothing but another ponzi designed to enrich the developer and friends at the expense of latecomers. Hope not the case.
I've researched extensively and it does look legit. No product yet though so the warning is appropriate.
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