miles price

Falcon FUD 1. The author of the Tweet is a Streamfi fund operator 2. The main point is that the Falcon's stable, USDf, was issued with ‘illiquid’ assets as collateral, while the information for collateral was not transparent. According to Llamarisk's analysis - Falcon's mismanagement could lead to a collateral shortage if damages are incurred - USDf can also be issued using altcoin collateral such as DOLO, and minting can be larger than the market cap of it. - Detailed collateral composition dashboard is missing - Oracle for collateral is not specified, exposing to attacks such as oracle manipulation - Risk of using external DeFi (collateral losses if those DeFi collapses) - Lack of yield source transparency - Lack of explanation of arbitrage strategy - Insurance Fund is mentioned but not open to public - Innovative Minting is like buying and selling call options, but the exact process is not specified, so centralization issue - No unstaking period, so MEV attack possible when reward (currently Miles) is distributed (seems to be one) Pagu's Opinion Most of them are valid 'risks', but I think it's upto whether or not to trust DWF. Especially the lack of explanation of the Arbitrage strategy, and the issue of the Innovative Minting process centralization, um... I think it's a bit non-sense. Regarding the unstaking period, if it accumulates based on time weighted on the server, there shouldn't be a problem in terms of points. Mismanagement is also the case for all other projects. I hope Falcon can fill in the rest of the information gaps for collateral composition ,oracle transparency and deposit status of external DeFi assets other than Arbitrage mentioned in the report though It's a reasonable 'risk', but it's a 'possibility', so keep an eye on the situation and make a judgment wisely. By the way 0xlaw, who posted the tweet, is also an on-chain fund manager who's in a competing position. Usually, this kinda FUD from competitors are a good signal that the project is growing well, since the FUD usually comes from zealousness @ag_dwf @FalconStable

You may be backed by gold. You may be backed by Bitcoin. But I am backed by Miles the Cat. 21,000,000 is a lot compared to total supply of one (1) $MILES.