This is good promo material for Cub Defi. Not the biggest rug pull but DeFi100 has just exited the building with $32 Mil of their users' money.
As with most other DeFi outfits, the team is anonymous so going after them will be tough. As the crypto boom looks to be taking a pause, I'm expecting this to become more and more common.
After all, why get into the headache of trying to fix a broken model and market it when you can just run away with your users' money?
Not saying the same can't happen with Cub, but I like that they're doing a weekly AMA and you can put a face to the team.
Now, if only they would fix the math around Cub, Cub could boom.
Goose/Egg is removing their version of dens because there's too much printing. I think Cub should look into it as well.
Ultimately the question that needs to be answered in order for Cub prices to rise is who or what mechanism is going to buy the Cub that's printed every day?
I've been looking at all the Goose clones and right now, it looks like no one is.
