$0G Fixed Income Investments - A classic case where you think you're earning interest, but they end up pocketing your principal! Everyone stay away from this!
With continuous positive news and a long-term high annual yield luring you into buying spot and investing in fixed income, the price keeps dropping and harvesting your principal, while you can't even short to hedge - leading to long-term negative funding fees.
The project team has mastered the complete strategy of harvesting retail investors; they might pump it - but it seems the day they pull down the fixed income investments is when that could actually happen.
Luckily, I only threw a few hundred bucks into it.
With continuous positive news and a long-term high annual yield luring you into buying spot and investing in fixed income, the price keeps dropping and harvesting your principal, while you can't even short to hedge - leading to long-term negative funding fees.
The project team has mastered the complete strategy of harvesting retail investors; they might pump it - but it seems the day they pull down the fixed income investments is when that could actually happen.
Luckily, I only threw a few hundred bucks into it.