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Staking USDC at 20% APY?
| Citrine Racy Double Fault | 04/08/21 |
| tantric tan goyim | 04/08/21 |
| Fuchsia depressive | 04/08/21 |
| Citrine Racy Double Fault | 04/08/21 |
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Date: April 8th, 2021 1:00 AM Author: Citrine Racy Double Fault Right now on akropolis's staking platform, you can stake USDC at 20% APY. Explain to me why I shouldn't put my life savings into USDC and stake it, and have it double every 4 years? USDC is backed by fiat us dollars (http://www.autoadmit.com/thread.php?thread_id=4805747&forum_id=2#42240650) |
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Date: April 8th, 2021 1:06 AM Author: tantric tan goyim the rate probably isn't fixed. they jack it up for a short period of time to get people to move their money. (http://www.autoadmit.com/thread.php?thread_id=4805747&forum_id=2#42240664) |
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Date: April 8th, 2021 1:22 AM Author: Fuchsia depressive It's not fixed but it's also not a "promotional" rate, it's purely market-driven OP you're better off using yearn.finance or vesper though, how/why did you decide on akropolis? (they just use yearn on the backend, btw) |
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Date: April 8th, 2021 1:45 AM Author: Citrine Racy Double Fault I’m already staking AKRO through AKRO’s staking page, and I was going through their staking page and saw USDC 20% APY. I didn’t realize they use yearn on the backend (http://www.autoadmit.com/thread.php?thread_id=4805747&forum_id=2#42240749) |