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Dai on Fantom: Moving Could Trigger ~97% Loss — Hold and Verify
I hold Dai on Fantom and believe that moving it now would wipe out about 97% of its value. I’m not willing to bridge or swap until I understand why the token is so illiquid or mispriced on this chain.
For now I’ll keep the position where it is and avoid transfers that could crystallize the loss until I verify the token contract, bridge safety and available liquidity.
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Analysis
The likely causes are a bridged/wrapped token with poor liquidity, a broken peg, or a malicious/abandoned contract on Fantom. Moving funds across chains or into low-liquidity pools can cause extreme s...
Recommendation
Do not move large amounts. Hold on Fantom, verify the token contract and bridge reputation, check DEX pool liquidity and price impact, and test any transfer with a very small amount or use a reputable...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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