The xUSD situation is exactly why due diligence matters when depositing USDC into yield platforms. Curators on Morpho and Euler completly dropped the ball here. People trusted these platforms thinking their USDC was safe, but ended up with worthless collateral. Always check the backing and reserves before chasing high APYs.
Insightful...you did your due diligence and homework on this piece. These events are outrageous and highlight the perils of greed!
The xUSD situation is exactly why due diligence matters when depositing USDC into yield platforms. Curators on Morpho and Euler completly dropped the ball here. People trusted these platforms thinking their USDC was safe, but ended up with worthless collateral. Always check the backing and reserves before chasing high APYs.
Boggles my mind how people keep falling for this after Luna…
Is our staking project at Curve safe???
Yes, no exposure to this saga, but good to keep an eye for any risks in the future.
So it’s still a “hold”?