I was looking at another DeFi platform that was offering yields in the 2,XXX% range and it was tempting for sure. But after digging a bit more, I decided against putting any money in the platform.
Simply because of one line in the FAQ:
"The XX Finance launch team is anonymous"
Anyone looking to put in serious money into one of these platforms should really consider the counterparty risk they are taking.
Cub's APY and price has been dropping partly because I'm sure a number are taking their rewards out and investing them in these higher yielding pools.
I just hope that they consider the value of knowing the team behind the platform which is why i'm keeping my funds in Cub. I think Kingdoms will bring in more funds to invest in a lot of these outside pools which means more Cubs burnt and a higher Cub price.
