What happened: Operand is yet another scammy DeFi made in haste by copying webiste cotent of another DeFi, Reflect Finance. No whitepaper, no team, basically nothing, just plagiarized content and that's about it. There is only one way this lazy attempt can end up, and that's people loosing money and creators disappearing and probably coming back with a new DeFI copy/paste under different name.
Operand website content is on the left side, while Reflect Finance is on the right. Rest of the Operand website content is also taken from reflect Finance.