"It's pretty cheap and easy to take a short position in Tether. You can borrow USDT on Compound for 3.37%, convert it to USDC at Curve for 0.06%, then collect 2

"It's pretty cheap and easy to take a short position in Tether. You can borrow USDT on Compound for 3.37%, convert it to USDC at Curve for 0.06%, then collect 2.32% on USDC at AAVE. If/when Tether collapses, you'll only have to cover your short at the collapsed value." I am genuinely interested in exactly that short trade and your list of counterparties, above, is the reason I have never pulled the trigger on this. A handful of new, interesting and untested entities all need to function properly at a time of market panic for that trade to complete as expected. EDIT: Somewhat off-topic, but given the actual real-world economic pain that chiacoin has caused me, I am much more interested in the prospect of an IPO of (chia parent) which could then be shorted (or optioned) properly through normal channels. I daydream of being on the right side of that trade with every batch of triple-priced SAS drives we have purchased in the last 4-6 weeks ...