0x1vector (@0x1vector) profile picture

0x1vector

@0x1vector

Working in the mines of @LavaLending

Joined February 2024
  • Tweets23
  • Following23
  • Followers22
6Media
Photo by 0x1vector (@0x1vector)Photo by 0x1vector (@0x1vector)Photo by 0x1vector (@0x1vector)Photo by 0x1vector (@0x1vector)Photo by 0x1vector (@0x1vector)Photo by 0x1vector (@0x1vector)
Tried to warn you! teapawt.net/0x1vector/status/17665…
0x1vector (@0x1vector) profile picture0x1vector@0x1vector9 Mar 2024
More scammy behaviour from @Syncus_Fi. The UI lies about deposit APYs. The actual deposit APY are multiplied by x3 in the app to lure more deposits in.
Image from 0x1vector (@0x1vector)
3
76
More scammy behaviour from @Syncus_Fi. The UI lies about deposit APYs. The actual deposit APY are multiplied by x3 in the app to lure more deposits in.
Image from 0x1vector (@0x1vector)
0x1vector (@0x1vector) profile picture0x1vector@0x1vector8 Mar 2024
Warning! Do not use @Syncus_Fi's lending platform. Insiders are actively borrowing out any incoming deposits. Do not let the high APY yields trick you. You cannot take your money out after you have deposited it. Currently around $1m has been stolen.
2
2
4
1,190
more replies
On the UI they then inflate the values to more profitable, The actual APRs are 307% for BTC and 64% for USDC and ETH.
Image from 0x1vector (@0x1vector)
1
1
286
On top of that the assets users deposited have all been borrowed out by Syncus insiders looking to exit.
Image from 0x1vector (@0x1vector)
Image from 0x1vector (@0x1vector)
1
1
1
433
teapawt.net/0x1vector/status/17660… Unstaking tax has just been raised to 50%!
0x1vector (@0x1vector) profile picture0x1vector@0x1vector8 Mar 2024
Replying to @0x1vector
While I'm at it I also warn anyone against staking SYNC tokens. The developer has been steadily raising the staking fees over time which means practically all of the additional rewards have been redirected straight into the treasury.
Image from 0x1vector (@0x1vector)
2
2
3
976
cc @Nourekx
120
cc @somaxbt
146
Who would pay a 6,158.40% APR to borrow BTC? Unless they don't value their collateral and don't plan to repay the loan 🤔 teapawt.net/0x1vector/status/17660…
0x1vector (@0x1vector) profile picture0x1vector@0x1vector8 Mar 2024
Replying to @0x1vector
At least one of the main borrowers era.zksync.network/address/0… is directly funded by the team's wallet. The team is using the lending market to "soft" exit, without dumping the tokens.
1
326
At least one of the main borrowers era.zksync.network/address/0… is directly funded by the team's wallet. The team is using the lending market to "soft" exit, without dumping the tokens.
3
2
1
1,198
While I'm at it I also warn anyone against staking SYNC tokens. The developer has been steadily raising the staking fees over time which means practically all of the additional rewards have been redirected straight into the treasury.
Image from 0x1vector (@0x1vector)
2
3
2,099
If liquidations would work this wouldn't be an issue but due to the token's 15% sell tax no loan can be liquidated! The liquidation bonus of 10% is not enough to cover the debt. And besides that there is also no SYNC liquidity on zkSync.
1
1
699
Warning! Do not use @Syncus_Fi's lending platform. Insiders are actively borrowing out any incoming deposits. Do not let the high APY yields trick you. You cannot take your money out after you have deposited it. Currently around $1m has been stolen.
3
9
5
16
4,314
Load more