Pablo Xannybar on Nostr: DAIs are sketchy af. The entire business model is literally set up a shady company in ...

DAIs are sketchy af. The entire business model is literally set up a shady company in the Cayman Islands, hoard most of the token supply for yourself, then pump and dump.

To get around securities regulations sometimes they call them "governance tokens" that let you vote in things, but the "foundation" still controls like 70% of the voting power.

Then they call it "decentralised" while owning most of the tokens, and just dump whenever they want.

Scams all the way down.