Just when I thought I was going to take a short break from writing about outrageous DeFi returns, THIS comes along! JadeProtocol.io attempts to solve all the misgivings of rugpulls with what they are calling a fork of Olympus DAO.
Author’s note: This is not trade or financial advice. This information is being provided for educational and entertainment purposes. All trading and investing involve the risk of loss. Do not trade or invest any funds you are not willing to lose. Please do your own research.
January 2022 Update: Please note that I have completely un-staked from this protocol due to high risk of Impermanent Loss. I still enjoy writing about high yield projects but the risk of capital loss is very high. Do not trade or invest with funds you are not willing to lose!!!!
As many of my readers know, I hate tokens whose sole purpose is to simply HODL and presumably go up — what I like to call a “recipe for a rugpull.” Well, what is strange here, is that $JADE is something like a HODL coin but with a big “BUT.” No, not a “butt”, a “but” … what I mean is, although $JADE is something of a HODL coin, their project appears to be specifically designed to mitigate or reduce the occurrence or risk of rugpull (although anything is possible).
