Bitcoin and Crypto Thread

[chance vought]

The rewards for holding stable coins are quite good, I’ve seen 8%, and as high as 16% per year

I don’t think anyone holding stable. Coins is planning on holding them forever, though, probably a smart traitor, who is waiting for a good dip to buy.

where does the yield come from??? Gemini Earn, for example - the risk is very high for such a low yield. STRC is the real "stablecoin" 8x overcollaterlized, non-rehypothecated and a 9% yield. Its more collateralized than a bank deposit - vs putting a stablecoin into a yield ponzi for a paltry 8% hoping to get out before the rugpull

 

[eradicator]

where does the yield come from??? Gemini Earn, for example - the risk is very high for such a low yield. STRC is the real "stablecoin" 8x overcollaterlized, non-rehypothecated and a 9% yield. Its more collateralized than a bank deposit - vs putting a stablecoin into a yield ponzi for a paltry 8% hoping to get out before the rugpull

All of them are slightly different, which is why they give different rates

For example On Balanced DEX the savings rate (stable coin yield pool) is currently offering 16.5%. That yield comes from:

Interest charged on their stable coin loans,
DAO fee revenue,
On chain USA Treasury bills,
ICX inflation.

Here’s balanced dex http://balanced.network/

Coinbase is 4%