I discovered this project a while ago. The fact they advertise a four figure APY and not obviously mention that it's a rebasing token was a big red flag for me. They should be using inflation-adjusted-return as the advertised metric. The bonds-as-a-service (BaaS) offering does spark my interest though. Also seeing interesting liquidity innovations coming out of Tokemak & Ondo.
I discovered this project a while ago. The fact they advertise a four figure APY and not obviously mention that it's a rebasing token was a big red flag for me. They should be using inflation-adjusted-return as the advertised metric. The bonds-as-a-service (BaaS) offering does spark my interest though. Also seeing interesting liquidity innovations coming out of Tokemak & Ondo.