big regret regarding $xUSD on stablecoin yield farming, I noticed that @Cbb0fe going hard on $xUSD. Accordingly, I pulled out all the money exposed to $xUSD collateral However, there was money I deposited into @Trevee_xyz. And they deposited their vault money into @eulerfinance vault collateralized against $xUSD So far, they say 6.9% of $splUSD has exposure to $xUSD. Also they keep saying that they will return the remained 93.1% to the $splUSD holders but keep delaying official announcement for various reasons that I can't follow well Kinda fortunately I pulled out more than 50% of money from $splUSD right before pause, but it was just luck. I knew their money was deployed on Euler vault but didn't know it has exposure to $xUSD, bc I only checked debank... I delegated money to vault manager @Trevee_xyz who delegated money to vault manager on @eulerfinance I can swallow the 6.9% loss on $splUSD exposure well, if @Trevee_xyz decides to return client capital to clients. I hope that they return the fund ASAP, but many doubts rn
This. Imo we have demand and space for both things, as I'd love not only to see DeFi being DeFi, but also finance be brought on more transparent and accessible rails. You need to be put in the conditions to know what you're depositing your money in, this is the line for me. Then any product is fair game, unless it's a literal scam/ponzi.
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