In the last issue of my newsletter, I wrote: “Side note: If someone promises you a risk-free 20% annual yield if you just let them hold on to your dollars for you, the risk that that you never see those dollars again is in fact very high.”

Anyway, here’s a post from Justin Sun today:

H.E. Justin Sun @justinsuntron USDD 2.0 is about to launch with a 20% APY, fully subsidized by @trondao. All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.”
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