4 ms·

> sophisticated aka obfuscated does the yield come from anywhere other than funds deposited by new users?

• tigershark 4y ago
  No
• PKop 4y ago
  Interest on lending, and trading fees from liquidity pools. During a bear market in crypto certainly these yields will decline. The 2 sources I mentioned above are essentially flows that accrue during the bull markets. It's not magic, when people want to long assets they borrow stables. If you lend into these markets you'll get the yield. With liquidity pools you can get some transaction fees even during market volatility and draw-downs, in the short term at least.
  • jazzyjackson 4y ago
    Am I to believe people are paying > 20% interest to borrow crypto ?
    • mbg721 4y ago
      I hope not, or else I'm missing out on a lucrative counter-position.