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1 733 members
14 July 2026
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Market changed. We already went over this. Read the posts.
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Benjamintext not yet in the index
Are people required to participate in the ICO? What kind of answer is that? You also keep talking about "ICO access," but there was barely any meaningful difference between the terms offered to Frontier users with early access and the terms offered once the ICO became public. You did a very poor job. I think you should have handled this much better. You could have started the ICO for Frontier users at a 60M FDV and given them allocation priority based on the amount of CAP they had earned. Only then would you have some grounds to make that argument. If Frontier users chose not to use their exclusive allocation, you could have opened the remaining allocation to everyone else at a 90M FDV. Maybe you would have made a little less money from the ICO, but Frontier users would have seen a genuine exclusive benefit. That might have encouraged them to participate in the ICO or increase the amount they invested. After that, you could still have distributed stablecoins to YT users who lost money. Don't come here and give dismissive answers after using people's money for free for a year. Don't forget what shame is.
Flaunting their TVL which only came from false promises.
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Only thing I'm seeing here is pure greed. They know damn well people wasted a ton of time LP'ing cusd and accepted significantly substandard yield for a long time in hopes of earning something back from the points. Now in the end it didn't even matter if you were top 10 or top 1000 in the frontier program, the points were air anyway. The very least they could do is provide some CAP tokens to at least not have wasted everyone's time. Saying they're protecting token price is just the same as saying we're protecting our own bags. Their team allocations are still the same and unlocks are not far off.
Benjamintext not yet in the index
i dont get the rationale for that? if instead of holding the cusd PT we had bought the PT of another project while holding the cusd YT, would you say we didnt lose money from the YT?
do you mean pendle was so kind to give us the points for free without burning our YT?
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PTs can offset price fluctuations until maturity, but not the loss. the difference between selling the YT and keeping them to earn points is thousands of dollars
YT is by definition a directional bet on the yield generated by holding CUSD. If the stable drop is not as successful as expected due to market conditions, some YTs will, of course, lose, that is the nature of the bet.
So those who took a very bad trade on yt were subsidized with the yield of every single cusd (and lp) holder
The reason to change the rules and doing that? No one knows. My guess is the team thought farmers will not be as necessary in the future
But modifying the rules to their wish after the game shows an absolute lack of reliability of the team
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Cap used the initial liquidity to flywheel their product and then sacrificed their promise because it was not on their interest
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