Celo Dollar (CUSD)

what happened with @caplabslimited in the last 24 hours:

- team cut the cUSD stabledrop allocation by 65%, saying the token sale did not raise enough money. The $4.2 million raised was instead directed to YT holders.

- @0xMakima_ pointed out that the largest YT holder appears to be Benjamin, Cap’s founder sparking a fresh round of discussion.

- @defidave has tried to push back against the claims, but so far, the evidence presented has not been strong enough to settle the concerns.

- @D2_Finance also highlighted what it described as a questionable history in Benjamin’s dealings with users, first with $MAI and now with ethereum:0xcccc62962d17b8914c62d74ffb843d73b2a3cccc.

I curated the major storylines and supporting evidence below ↓