Public Service Announcement with all the convoluted shenangies seen with $xUSD and the impossible rabbit hole exposures in these vaults on vaults, i want to share with you what elegance looks like in crypto. @LiquityProtocol one of my all time favorite projects - its completely immutable, they can't change anything - $BOLD the stable coin can ONLY be minted via the vaults (they call them troves) by users with the immutable LTVs - $BOLD can only be burnt via the redemptions or repayments - the collaterals $ETH, $rETH, and $wstETH never leave the contract to dance around in other exposures. - new collaterals will never be added, and you wont end up surprised one day. perhaps you dont want to deal with CDPs, LTV, Redemptions, or Liquidations, you still have options, you can buy BOLD from the many Liquidity pools. Please use a dexAggro if you swap to it and you can stake it in one of the 3 stability pools and it will be used to buy ETH if there are massive dips, YOu can keep the ETH or sell it when it recovers. you also get a share of the gov tokens of the forks of this project. Or you can use $sBOLD by @k3_capital or $yBOLD by @yearnfi to autocompound the stabPool mechanics. Or You can simply add to any of the below LPs, Search @dexscreener or whatever. Main risk is if minters all decide to close down their CDPs. but since its one of the cheapest places to borrow USD vs ETH its unlikely. BUt let's say they did they would pamp the BOLD price > 1 dollar on the pool and you can exit, likely in profit. This is doomsday thinking. Sure you can't: - use BOLD to send to coinbase to off ramp - pay for your lambo bought with yoru etherFi card - bridge it to that obscure L2 or L1 - line some bald guy's cooperate pockets with TBill yield But you Can: - predict what might happen - see what IS happening - support EVM and a crypto native project This is NOT a paid shill in anyway. its PSA. and i truly believe in this. I hold $bold, and i hold LQTY. so im a bit bias. want to know more. i have a video - watch it.