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I’ve only heard of this mythical “risk free 20%” after the crash. I never heard anyone advertising that rate before.
by l33t2328 4y ago
I’ve only heard of this mythical “risk free 20%” after the crash.
I never heard anyone advertising that rate before.
- lxgr 4y agohttps://medium.com/dare-to-be-better/anchor-protocol-insane-20-apy-on-a-stablecoin-and-why-it-is-safe-e8becd259957 https://medium.com/dare-to-be-better/anchor-protocol-insane-... And that's only the first Google result that hasn't been unpublished in the meanwhile...
- rco8786 4y agoTons of alt coins offering triple digit APYs over the last few years.
- paulgb 4y agoNot quite 20%, but I got slapped around on crypto Twitter by a blue check account for suggesting that supposed 15% returns were not risk-free. https://twitter.com/ErikVoorhees/status/1466802265956577283 https://twitter.com/ErikVoorhees/status/1466802265956577283
- The-Bus 4y agoI saw a finance TikTok of someone advertising how they were able to afford a $1M+ home by essentially having crypto interest cover payments. This video was taken down a few weeks ago (lol).
- achenet 4y agoWere they also offering a simple 3 day training course to teach you how to do it, for only $999?
- faangiq 4y agoMust not know any crypto punters. They were all in on this.
- belltaco 4y agoOnly a few months earlier in HN threads I read some comments saying that 10 to 13% interest rates on crypto are a good reason to invest in crypto.
- yunohn 4y agoYou’re kidding right? Anchor was famous for 20% APY - I know people who got very rich off this Ponzi. Source: https://www.coindesk.com/markets/2022/03/25/anchor-protocol-will-readjust-interest-rates-each-month-anc-falls-by-5/ https://www.coindesk.com/markets/2022/03/25/anchor-protocol-...