4 ms·
To be fair, the collapse of an algorithmic stablecoin is no surprise ;)
by TheDudeMan 4y ago
To be fair, the collapse of an algorithmic stablecoin is no surprise ;)
- lmohseni 4y ago15% interest? No, surprises!
- puranjay 4y agoI can tell you right now that there is absolutely no safe yield in crypto currently that goes beyond 4% on a “safe” stablecoin like USDC. For truly safe (as in, huge value locked, never been hacked), the yield is more like 1.5-2% All the high yield is in algoponzis or new protocols that carry massive protocol risk
- elliekelly 4y agoThere is absolutely no safe crypto. Full stop.
- TheDudeMan 4y agoThere is also no safe stock, right? (No need to list the differences between stocks and cryptocurrencies.)
- ceeplusplus 4y agoEh, there are CeFi lenders like BlockFi/Gemini offering 7%. It's not zero risk, but the loans are partly collateralized and the borrowers are institutional entities who aren't your everyday scammer. It's better than unsecured corporate bonds in my view.