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I don't care how many months of 2% (or 10%) interest I get if it's followed by a 100% loss. You're getting that high interest rate because you're taking on a gr

I don't care how many months of 2% (or 10%) interest I get if it's followed by a 100% loss. You're getting that high interest rate because you're taking on a great deal of risk. 8 months of a bull market hardly proves otherwise.

rglullis 5y ago
Of course there is risk, but they are not as great of a deal as you think it is. I am talking about transactions that deal with stable coins only, one of them is backed by a credible institution (Circle) and I am talking about a smart contract (Curve) that is being used already for over an year and is holding billions of dollars already. Smart contracts are somewhat Lindy: the longer they are in place, the more of an indication they are secure. I wouldn't recommend putting your money on any new contract, but Curve is around for long enough that I don't believe that it will get hacked in the next years. Sure, it is not as "secure" as a FDIC-insured savings account, but it is not degen-type of investment either.