4 ms·
> 4.7% yearly they pocket on more than $50 billions. Without giving the returns back to the USDC holders (as far as I know people keeping USDCs in their own pri
by hbrn 4y ago
> 4.7% yearly they pocket on more than $50 billions. Without giving the returns back to the USDC holders (as far as I know people keeping USDCs in their own private wallets do not get any yeld).
They do if your USDC is in Coinbase account.
https://www.coinbase.com/blog/coinbase-customers-around-the-world-can-now-earn-up-to-1-5-apy-on-usdc https://www.coinbase.com/blog/coinbase-customers-around-the-...
Of course you won't get any yields on private wallets, how would that even work?
- actionfromafar 4y agoIt would work by the issuer buying slighly higher than they sold for.
- hbrn 4y agoDo you see any problems with that? Like, the fact that it is trivial to exploit?