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cUSDT interest rate holding steady around 11% P.A.; implies that cUSDT/USDT increases about 1%/month. You can turn your USDT into cUSDT on FTX, and keep the cUSDT there as collateral for your other trading! ftx.com/trade/cusdt/us

5:06 AM · Jun 20, 2020Twitter Web App

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Customers keep the 1% while you keep the COMP? win win

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how much is the fee for converting USDT to cUSDT? Or if there is no fee, how much value in USD you lose when doing such conversion?

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it's a spot market-- ftx.com/trade/usdt/cus fees are here:

Trading Fees FTX has a tiered fee structure for all futures and spot* markets, as follows: Updated as of Jan 4, 2021 19:00 SGT Note that FTX also has a referral program, a VIP program for profess...

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I see that Poloniex distributes the COMP that comes from holding cUSDT, do you do the same thing? I didn’t find the info anywhere

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Is it the same for holding cUSDT on FTX?

support.poloniex.com

How to earn COMP & interest with cUSDT

We announced our listing of cUSDT on June 19, 2020. cUSDT allows holders to earn COMP as interest on their cUSDT balance. Learn more about cUSDT, COMP, and how to earn interest by holding cUSDT in ...

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hang on does this mean that if I hold cUSDT on FTX instead of USDT, I get interest?!?!

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Effectively!

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Dawn the Guinea Pig

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There is no free money where does this 11 % P.A come from? Will it be paid in cUSDT or a hyperinflation currency?

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cUSDT -- it gathers interest from lending on

@compoundfinance