Concerns are mounting within the Curve DAO community regarding the recently proposed Yield Basis initiative. Members are voicing their apprehensions about the potential risks that could arise from this plan, particularly in light of warnings from influential figures in the crypto space. The source notes that these concerns highlight the need for thorough discussions and evaluations before moving forward.
Concerns Raised by Influencer
On September 18, a pseudonymous social media influencer known as Small Cap Scientist highlighted several critical issues with the Yield Basis proposal. They pointed out that the economic model of Yield Basis has not been thoroughly evaluated, raising alarms about its viability and the potential consequences for Curve's ecosystem.
Potential Liabilities and Community Response
Additionally, there are fears that if the proposal is implemented without adequate safeguards, Curve could face significant liabilities, especially in the event of a hack that drains funds. In response to these concerns, community members are advocating for:
- enhanced transparency
- stronger protective measures
to ensure the safety and integrity of the platform.
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