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Boop.Fun leading the way with a new launchpad on Solana.
A little worried about how much we're trusting individual DeFi teams
If a stablecoin protocol requires its team to actively manage yield strategies, then it's effectively a hedge fund.
The problem is: users are trusting those teams to make discretionary investment decisions with their money.
Humans make mistakes, and sometimes they misrepresent risk. So at some point, these stables *will* lose money.
Stream shouldn't have surprised anyone. Nothing about them specifically, but the nature of unregulated teams making investment decisions. I expect more of these "Type I" stablecoins to follow
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