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by xvector 1485 days ago
Do you have a source for the misleading marketing?

Feb. 2, 2022 [1]: "Stablegains' 15% APY is earned using Anchor Protocol, a decentralized lending market."

This is in a giant blue block right above a "get started" link. There is no mention of anything other than Anchor being used to store investor funds.

It seems to me that you are trying to twist the post-crash retrospective into a marketing statement that didn't simply exist before the crash. Where, exactly, is the lie?

[1]: http://web.archive.org/web/20220203225905/https://stablegain...
2 comments
Jasper_ 1485 days ago
From https://stablegains.zendesk.com/hc/en-us/articles/4402687632...

> Our main stablecoin is USDC (USD Coin). For every 1 USDC in supply, $1 USD is kept in reserve.

> The other stablecoins we may use are, UST (Terra USD) and DAI.

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nrmitchi 1485 days ago
I'd have a hard time trusting their current documentation which seems to have been heavily edited since this whole incident began, but frankly the subheader on their main landing page is "Stablegains makes it simple to earn high and stable interest from DeFi lending markets." Market(s). Plural. That at least heavily implies in their marketing that they weren't taking all of their users funds and shoving it into a single asset.
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xvector 1485 days ago
They state multiple times, both on their (archived) landing page and documentation, that Anchor is the only protocol in use.

That's a lot more indicative than a mere "s" at the end of a word.

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