Deposit-type projects and staking-type projects
These bank-like projects can be manipulated in various ways.
For example, the @MerlinLayer2 that was all the rage last year
At that time, it was announced that they staked over 2B+ in assets.
But it is said that a large portion of that in the early stages might have been just a few people's assets.
And this wasn't even all real money coming in.
It was just a mapping done on the platform.
Then these people could take away most of the empty assets and crash the market.
There might even be a backlash against the project itself.
All along, there have been people criticizing $Merl, not sure if this is related.
However, the deposits from @RiverdotInc @River4fun should be genuine. I don't know about you, but how much did my brother deposit?
All funds are safe. Yield strategies are ready to begin.
The first $10M USDT cap is now fully subscribed. Thank you to everyone who participated and supported this milestone.
We are entering the next stage. Assets are ready, and together with our strategy partners we will begin executing yield strategies on Sep 15 to deliver returns for our users.
Withdrawal Date: Nov 2 — all funds can be redeemed at that time.
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This is only the beginning. We will continue to update the community as yield strategies progress.
Thank you for building this milestone with us, and stay tuned as new vaults and additional strategy opportunities may follow.
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