Turns out people in crypto trust branding more than onchain | poopmandefi on Binance Square

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Turns out people in crypto trust branding more than onchain verifiability.

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1/3 of tweets today are all about $hype What is going on 🤣

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What really separates $Syrup from other lending or stablecoin strategies is their focus on building the real world "Trust Factor". Institutional branding , US based team , KYC, custodian partnership, monthly pool update report etc. Yes, it looks like CeFi, but it works.

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Every time I look at the cause of stablecoin depeg, it's always the same story. Algo stables depeg because they use volatile collateral for their token flywheel. Centralised stable is usually affected by third party events / transparency issue but repeggable most of the time.

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Hey $hype stop pumping and bullying me.

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Alright bro $sUSDe is eating.

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