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And why do you think those interest rates are "very attractive"? Are you by any chance picking up pennies in front of a steamroller? https://en.wikipedia.org/
by jpatokal 8y ago
And why do you think those interest rates are "very attractive"? Are you by any chance picking up pennies in front of a steamroller?
https://en.wikipedia.org/wiki/Taleb_distribution https://en.wikipedia.org/wiki/Taleb_distribution
- bouncycastle 8y agoAha! That's an interesting question. "Pennies in front of the steamroller" is an oversimplification. Only DAI seems to be paying a high rate right now, other tokens not so much. It may be just because of supply and demand, there is quite a lot of demand for borrowing DAI. Why there might be demand for borrowing DAI may be too complex to explain to the hackernews crowd, so I'll leave it at that...
- arcticbull 8y agoFirst of all, if it’s too complex to explain to all of us, it’s probably not a good idea. Second of all the steam roller referenced is the entire implosion of the crypto space. You’re getting fractions of a penny in interest which you could easily achieve in the real market with much much lower risk.
- bouncycastle 8y agoIt's not that it's too complex because it's hard to understand, it's just that the explanation is long, and it will get downvoted anyway, so no use of explaining anything further. Save my fingers from typing. HN is a waste of time.