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🚨 Important Update for the Decentralized Finance World!
COO of Jupiter, Kash Dahanda, has highlighted an important issue that has sparked significant controversy recently. 🧐
📌 What Happened in Brief:
Jupiter was promoting its lending pools, claiming they are free from any contagion risk (Zero Contagion Risk).
The team's statements on social media were exaggerated and affected investor confidence and future liquidity.
In a video on platform X, Dahanda admitted that the pools are designed to isolate risks, but rehypothecation practices are already in place.
💥 Implications of this Announcement:
Last week, the Kamino platform blocked the Jupiter Lend transfer tool due to concerns about the misleading risk model.
Kamino's founders publicly expressed their criticism of Jupiter's statements.
⚡ What Does This Mean for Investors?
The need for caution and understanding the real risks before any investment.
The importance of following official announcements and updated statements and not relying on marketing alone.
✅ Summary:
Trust in decentralized finance requires transparency and clarity. Jupiter has acknowledged its mistake, and this is a first step towards rectifying matters.
💬 Share your opinion: Do you think Jupiter will regain user trust?
