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Wednesday, November 27, 2024
Smart contracts don't forget, even when their creators do.
The tale of Rari Capital reads like a Silicon Valley fairy tale gone wrong - three teenage prodigies, a billion-dollar protocol, and the kind of confidence that only comes from never having failed before.
In crypto's game of musical chairs, they promised everyone a seat at the yield farming table. The music was sweet, the promises sweeter.
Their algorithmic magic promised to turn any deposit into maximum yield, no questions asked. The crypto world didn't just buy it - they threw a billion dollars at it.
But algorithms can't account for human nature, and smart contracts can't patch trust once it's broken.
Today, countless users stare at frozen balances while their funds gather dust in abandoned code, and their founders have vanished into the crypto ether.
In an industry built on trustless systems, who do you blame when there's nobody left to trust?
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We are all rekt.