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It used to unpeg frequently (though not as bad as this TerraUSD episode). The stability has increased and the yield has decreased; a lot (yearly yield was close
by csomar 5y ago
It used to unpeg frequently (though not as bad as this TerraUSD episode). The stability has increased and the yield has decreased; a lot (yearly yield was close to 30% at some points). My guess is that they figured out how to peg efficiently as they have maintained the peg through various brutal crypto dips. The market does seem to think so (hence the low yield).
- SilasX 5y agoTether doesn't have a yield; did you mean a particular platform that takes deposits?
- csomar 5y agoTether has a yield in the same way USD cash has yield. You have to deposit into a platform and get exposed to an instrument to generate the yield.
- SilasX 5y agoUSD doesn’t have a yield either, and if I wanted to refer to the yield you’re describing here, I’d refer to the specific instrument that generates the yield (eg government bonds of a particular duration) rather than the yield on the invested asset itself. What instruments did you mean for USDT and USD?
- TrapLord_Rhodo 5y agocheck out defi llama for pools.