Dear WeiDai community,

It is with deep regret and sadness that I must confirm an exploit has occurred on the WeiDai protocol and that I want to apologize with utmost sincerity to all those affected. My hope for this article is to bring clarity and explain the possible ways of recapitalizing WeiDai in the longer term. Since it’s launch in November 2019, through bull and bear markets, WeiDai has achieved a consistent APY of about 30% without reliance on inflationary incentives, credit or false hype but purely through the tokenomics of burning. …

Justin Goro

Creator of WeiDai and 92 times emperor of Tsuranuanni

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