YieldNodes Interview Thoughts - What we now know so far
If you haven't already seen, Crypto Yields UK did an excellent interview with Steve from YieldNodes yesterday which tries to clear up some of the questions behind the pause on YieldNodes. This is a quick roundup of what was discussed and what we can expect next. I also give my thoughts on the situation but it's always interesting to know yours too - let me know if the comments below.
I think for the next interview it should at least be a Live AMA - what do you think?
Correction: as stated by: Random Aimless Topics
"One correction - they are down to 10% total, not 10% over. Originally they were 130% collateralized (had 30% more than then owed) - but most of that collateral was SAPP coins. When that (and the others) tanked, they lost the majority of their collateral dropping well below being over collateralized and able to pay out investors. What Steve was saying was that if they were to pay out the investors, they could only get 10% because that is all they have - 10% of the amount that was invested."
00:00 Intro
01:44 What we know
05:58 Final Thoughts
Original interview:
• Video
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