From the ANN thread:
The more deposit you add, the more your earning rate increases.
Is that supposed to mean that the actual
rate of interest increases the more you deposit, or that you earn more interest with more deposited money? That's actually common with bank deposit products, but given how sorta-sloppily the ANN OP post was written, it makes me wonder if they mean what the words imply.
Anyway, here's another example of (apparent) scammers latching on to the DeFi craze that's in the making. This certainly sounds too good to be true, which means it's probably just a Ponzi scheme. We're going to see so many more of these schemes until either DeFi fails as a whole (like ICO projects did) or DeFi becomes legitimate and organized. It'll be interesting to see which of those transpires.
Good catch, OP.
