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> If its not completely clear by now: no, these companies can't promise you 8% APY without essentially running a ponzi scheme. If you look into protocols like
by dna_polymerase 4y ago
> If its not completely clear by now: no, these companies can't promise you 8% APY without essentially running a ponzi scheme.
If you look into protocols like Polkadot you will find that inflation is built-in and staking is a mechanism used to secure the protocol. In turn, you get a nice APY, but the coin dilutes over time.