Rubic centres its entire focus on simplifying the DeFi experience, aiming to fuel widespread adoption within both the crypto community and the broader global audience. In a world where CEX’s have left a bad taste in most of the crypto communities mouth’s these advantages are great reasons to use the platform:
- Decentralized with no KYC
- Round the clock customer support
- Ample liquidity for swaps
- Empowering users control with user funds kept in their own DEX wallets
- A max transaction wait time of 3mins
- Extensive token & blockchain selection
- User friendly interface even for newcomers
However in late 2022, Rubic faced a significant setback when attackers gained access to an administrator's wallet's private keys, resulting in the loss of over $1 million worth of their native $RBC token. The attackers sold all the tokens causing its price to plummet 98%. Since then the token's value has not shown signs of recovery and trading volume remains stagnant, exerting downward pressure on not just the token price but the platform as well. It has been 9 months and there are still no signs which highlight a comeback is on the table. This is a big concern for me. Show Less
