Here's a little knowledge: Currently, the vast majority of projects that distribute tokens through DAO allocation are operating this way.
Another piece of knowledge: Curve is a market, and besides crvUSD, Curve has no other stablecoins.
A third piece of knowledge: All stablecoins need to establish liquidity on Curve; these protocols collapsing has no logical connection to Curve.
Here's a little knowledge: the mechanism of Curve itself is a reward mechanism based on voting, which is the DAO model that everyone loves.
Therefore, if you have enough votes, you can shift the rewards of the Curve system to yourself, providing sufficient returns for your protocol.
Previously, @Goupenguin was rug-pulled for 5 million USD by other stablecoin protocols under Curve.
In simple terms, the associated project parties above may not necessarily have a strong relationship with Curve, but they definitely have a connection with the voters. Either the project is good enough to make large holders willing to vote, or they provide enough benefits to large holders to bribe the votes.
This mechanism leads to the possibility of other protocols not being aligned with Curve, making it easy for them to backstab at any time.
So I basically do not participate in those high APY new protocol stablecoin LPs on Curve.
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