NYKNYC is a mantra that anyone in crypto community adhers to. Sending your precious XMR to unknown parties to get a token represented wrapped XMR is waiting to be rugpulled.

So no one in the core has even looked at the underlying code and yet there are people trying to sell wrapped XMR to newbies in the community.

@sgp@sgp@monero.town I totally agree with your comment, but why are you downvoted?

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  • sgp@monero.town
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    1 year ago

    The forthcoming Serai DEX is the best, risk-mitigated approach at this to date.

    It’s not risk-free, but the native XMR is held in multisig wallets, and multisig wallet holders need to bond assets to qualify.