Protos
Protos
AAVE-1.75%
🚹 USDD COLLATERAL CENTRALIZED 61% of $USDD's collateral is now held in a single vault, SA001-A, entirely funded by HTX. This new ‘Smart Allocator’ raises serious questions about the stablecoin’s supposed decentralization. Here's what we know... đŸ§”
🧐 GOVERNANCE CLAIMS VS. REALITY USDD claims to be community-driven and decentralized, but there are NO governance votes related to the new vault or any USDD decisions. Transparency? Inclusivity? Where are they?
đŸ€« JUSTIN SUN’S SHADOWY ROLE The funds for this massive vault came directly from HTX, an exchange advised by Justin Sun. This, coupled with the lack of governance, raises serious concerns about Sun’s influence over USDD.
đŸ€š AAVE TRANSACTIONS RAISE EYEBROWS HTX recently engaged in strange AAVE transactions, briefly withdrawing huge funds before returning them. This behavior, combined with the new vault, adds to the mystery surrounding USDD’s operations. More —
Protos
Protos
61% of USDD collateral now in one vault — funded entirely by HTX
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