Circular loans
What is the new stablecoin usd?
These two things will always have problems after a while.
I can understand the rights protection that has been exposed, but seeking empathy is another matter. Moreover, you will find that most retail investors are completely indifferent because they don't have more than 50,000 USD to play with these fringe DeFi or investment options. Who will empathize with you?
Learn from the Electric Man.
There are too many wails on the timeline, it's really a bit overly polluted.
When you encounter circular loans and fake stablecoins, you need to be mentally prepared for issues and have risk control measures in place.
This is not a debate; this is a historical fact.
No matter how impressive a stablecoin project is, it won't be better than the Luna-UST of its time.
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