In cryptocurrency’s continuing quest to reinvent everything in the financial universe but do it worse, we now have the crypto “deposit account” which bears 6.2% APY.https://blockfi.com/earn-bitcoin-interest/ …
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Darn autocorrect: “crypto rails.” (“Rails” in this context is a bit of financial industry jargon/shibboleth referring to a system which moves money, inclusive of technical, legal, and relationship parts of that system.)
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These two threads do a nice job uncovering the risks and returns of such a scheme: https://twitter.com/AriDavidPaul/status/1103434043977330688 …https://twitter.com/alphaazeta/status/1103307750946295808 …
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Those interested may also feel free to convert their money into Ukrainian currency and store in Ukrainian banks: rates are stable at >10% APY.
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