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Fau1in
@fau1in
This one isn’t that simple though cuz it’s not like they’re paying 10% in USD. They’re paying you back in their own crypto which is highly volatile. Not the same as a bank’s interest rate paid out. They have to pay 10% to attract capital that’s the truth... but it’s high risk.
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Fau1in
@fau1in
It’s really not that simple and you better hope that business actually holds 1 USD for each crypto they issue to keep its stable value.
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Fau1in
@fau1in
Very well then. So stable coins to me are a whole different category, but you’re making 9.5% which is 9% higher than the US treasury pays. There’s a reason for that. The reason is risk OR to attract capital. Where do they get their 9.5% spread from to pay you if they keep equal $
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Fau1in
@fau1in
No issues from my side. Enjoy your gains there, sounds like easy $ while it lasts. Not sure it’ll have staying power but if your deposit is truly secure, you have little to risk and much to gain.
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