USD stablecoin 6% PA interest earn

[athletic91]

Some apps like crypto.com offering it, seems like the main risk is the brokerage default risk

please discuss

 

[precision]

There are better places to put USDC/USDT which earns 12.73% pa

 

[hwmook]

There are better places to put USDC/USDT which earns 12.73% pa

Might as well tell people where.....

 

[athletic91]

There are better places to put USDC/USDT which earns 12.73% pa

use baseline compare, ie no min period , flexible withdrawal

 

[wira]

Might as well tell people where.....

hodlnaut gives 12% for USDC i think

 

[XiaoJinLing]

UST I think got near 20% on anchor protocol... ?

 

[athletic91]

Maybe we can compile based on min 1000usd , no lock in flexible withdraw , no need membership tier

cypto.com 6%

 

[AlvinDj]

DeFi space usually offer alot higher...

CeFi are the lower ones..

 

[precision]

use baseline compare, ie no min period , flexible withdrawal

Yes hodlnaut computes interest daily at 5pm, no minimum period. Pays out every Monday 5pm.
Can withdraw anytime, comes with free 1 withdrawal per month.

 

[yiron]

Sorry, yes it's at hodlnaut as someone has mentioned. I've been putting for 6 mths, so far so good. PM me for link if you need, there's a promo now. Got free withdrawal once a month. Singapore company. It is safe cos If you want to withdraw money, it will send a confirmation email to ask u to confirm before you send, after that follow up with a confirmation email. You can also set only whitelisted address which is very secure.

Defi i also put some in 20%, Liquidity mining 100+% etc, but imo not very safe as chrome extention wallets are easy to be hacked into, esp if u accidentally click some scammer's links then u can kiss your money goodbye. Defi has no email confirmations, no support as well.

U might want to be careful about claiming that it's safe. MAS just put up a notice on DPT and the inherent riskiness.
While Hodlnaut is a local company, it does not publish audited financials, so no one can say for certain how they are paying out the higher yield on stables, as compared to the bigger players like CDC and Celsius.

The yield is attractive but those going in should know what are the risk involved.

 

[Strained]

Some apps like crypto.com offering it, seems like the main risk is the brokerage default risk

please discuss

safe bo? Later USDT or crypto kaput then money how?

Btw do you know crypto.com (formerly monaco token) copied their entire initial white paper from another token when they launched in 2017. The founder & CEO Kris Marszalek also has very spotty past can go do google search...

Personally I think its super risky, both staking , USDT as well as crypto.com as a platform just my 2 cent. Rather do it on a platform with better reputation

 

[athletic91]

safe bo? Later USDT or crypto kaput then money how?

Btw do you know crypto.com (formerly monaco token) copied their entire initial white paper from another token when they launched in 2017. The founder & CEO Kris Marszalek also has very spotty past can go do google search...

Personally I think its super risky, both staking , USDT as well as crypto.com as a platform just my 2 cent. Rather do it on a platform with better reputation

in my head, even if crypto.com is a p o n z i , prolly at least 3-4 years before bust?, given that they invested a lot of marketing with the stadium and UFC

 

[silverbomb]

in my head, even if crypto.com is a p o n z i , prolly at least 3-4 years before bust?, given that they invested a lot of marketing with the stadium and UFC

Italian Serie A and F1. it's plastered all over the race track, seeing Max Verstapen overtake Hamilton in that classic last lap of the season to win the F1 title.

 

[Strained]

in my head, even if crypto.com is a p o n z i , prolly at least 3-4 years before bust?, given that they invested a lot of marketing with the stadium and UFC

umm not say 100% ponzi, but its up to personally risk preference I guess. End of the day I can only share what I know as someone who is involved in crypto space early. Many more reputable places to do staking. Anyways its your money so can park wherever you want, my point is just to help newer investors in this space make informed decision.

Also lets suppose that it really is a ponzi then it has already been running for few years now so I don't know how long more it can last.

 

[precision]

U might want to be careful about claiming that it's safe. MAS just put up a notice on DPT and the inherent riskiness.
While Hodlnaut is a local company, it does not publish audited financials, so no one can say for certain how they are paying out the higher yield on stables, as compared to the bigger players like CDC and Celsius.

The yield is attractive but those going in should know what are the risk involved.

Well I am referring to getting hacked or scammed. if OCBC customers can lose $8.5 mil to scammers, I don't think anywhere is really 100% safe. Of cos crypto is not safe in the first place, shouldn't touch it if there's any doubts, or can just put an amount you can well afford to lose all.

 

[yiron]

Well I am referring to getting hacked or scammed. if OCBC customers can lose $8.5 mil to scammers, I don't think anywhere is really 100% safe. Of cos crypto is not safe in the first place, shouldn't touch it if there's any doubts, or can just put an amount you can well afford to lose all.

CeFis are not necessarily safer than the banks. Barely a few days ago CDC (which is SG based and one of the largest CeFis in the world) got hacked for at least $15m. In OCBC’s instance, it was due to phishing rather than the bank being compromised directly. In addition, banks are highly regulated so one can expect some form of recourse if there’s any issues.

Neither banks nor CeFis are 100% safe, but imo banks are definitely much safer overall than CeFis, at least for now.

To clarify, I am not against crypto staking. I think given the risk reward, it can be part of a diversified portfolio. Personally i treat it like unrated/junk bonds and allocate it as such. But I think we need to be careful and not misled others by referring to crypto staking as ‘safe’.

https://decrypt.co/90590/crypto-com-suffers-hack-at-least-15m-ethereum?amp=1

 

[orhanzi]

ponzi or scam or whatever. no one can be spot on and tell u it is. even your current spouse can be a ponzi to u as well. when u are born to this world, its already a gamble. YOLO is the way to go.

 

[precision]

CeFis are not necessarily safer than the banks. Barely a few days ago CDC (which is SG based and one of the largest CeFis in the world) got hacked for at least $15m. In OCBC’s instance, it was due to phishing rather than the bank being compromised directly. In addition, banks are highly regulated so one can expect some form of recourse if there’s any issues.

Neither banks nor CeFis are 100% safe, but imo banks are definitely much safer overall than CeFis, at least for now.

To clarify, I am not against crypto staking. I think given the risk reward, it can be part of a diversified portfolio. Personally i treat it like unrated/junk bonds and allocate it as such. But I think we need to be careful and not misled others by referring to crypto staking as ‘safe’.

https://decrypt.co/90590/crypto-com-suffers-hack-at-least-15m-ethereum?amp=1

I didn't say cefi is safer than banks. In fact I said nothing is 100% safe. Hope that helps.

 

[hwmook]

in my head, even if crypto.com is a p o n z i , prolly at least 3-4 years before bust?, given that they invested a lot of marketing with the stadium and UFC

Why would they need to wait for 3-4 years to go bust? The more high profile they are mean the closer they are to getting bust. The more they spend on marketing mean the more they need new "carrots".

 

[precision]

umm not say 100% ponzi, but its up to personally risk preference I guess. End of the day I can only share what I know as someone who is involved in crypto space early. Many more reputable places to do staking. Anyways its your money so can park wherever you want, my point is just to help newer investors in this space make informed decision.

Also lets suppose that it really is a ponzi then it has already been running for few years now so I don't know how long more it can last.

I signed up crypto.com about 6 mths ago. For me, my $500 deposit in CRO is now worth about $1800. Apart from that, I'm also getting free spotify reimbursement every month worth US$12.99, about 42%pa ROI on capital. I will be selling my stakes soon and moving on to another stablecoin for 19%pa.