Glider co-founder says Neutrl pause shows vaults are the problem

Glider co-founder Brian Huang criticized vaults after Neutrl suddenly suspended all protocol functions, arguing that vaults are "the problem, not the solution." He said users should not surrender control of their funds to vaults or trust curators and administrators that rehypothecate assets up to seven layers. Huang also said vaults are securities and added that he wants the SEC (U.S. securities regulator) to take tough action against such projects.

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Glider co-founder says Neutrl pause shows vaults are the problem - CoinPost Terminal