DeZy - SGD DeFi platform

wira

wira

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i guess thats why there's max deposit of $5000 ..to avoid the regulatory requirements for now ?
 
K

koolkool

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yiron said:
Hodlnaut cannot direct off-ramp to fiat. But can route through a crypto exchange to withdraw in USD, not that difficult actually.
For USDC, hodlnaut charges 10 USDC (i.e. US$10) per withdrawal. But the 12% APR (12.7% APY) more than makes up for it.

DeZy is good in that it allows direct on/off-ramp to fiat, and can do so in S$.
In exchange for convenience and avoid USDSGD exposure, the yield is much lower at 5.25%. And capped at S$5000 (for now).

I'll stay with Hodlnaut - the underlying risk are pretty much similar, and the extra yield more than covers the hassle of lack of direct on/off-ramp and USDSGD exposure.
Click to expand...
Hi. Just wonder is there an exchange you use to convert to SGD instead of USD?
 
yiron

yiron

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koolkool said:
Hi. Just wonder is there an exchange you use to convert to SGD instead of USD?
Click to expand...
There's multiple sources you can use. The fastest but not cheapest is probably DBS multiplier. Some other means like IBKR, Tiger, Moomoo are cheaper but involves more steps/waiting time.
 
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X3no

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Any success stories on this recently? Or has a new platform been found? Thanks!
 
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