4 ms·
> I get 5-8% interest on it You know these 'yield' schemes generate money by investing in ponzis right? There is just a slow countdown until your money vani
by nullc 4y ago
> I get 5-8% interest on it
You know these 'yield' schemes generate money by investing in ponzis right? There is just a slow countdown until your money vanishes. Gemini, in spite of their frequent comparisons with savings accounts, makes no guarantees that your money won't vanish.
I believe previously their yield was through genesis trading --- who just took on huge losses from FTX...