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Staking USDC at 20% APY?

Right now on akropolis's staking platform, you can stake USD...
Soul-stirring cocky affirmative action address
  04/08/21
the rate probably isn't fixed. they jack it up for a short p...
crystalline pervert
  04/08/21
It's not fixed but it's also not a "promotional" r...
racy pit
  04/08/21
I’m already staking AKRO through AKRO’s staking ...
Soul-stirring cocky affirmative action address
  04/08/21


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Date: April 8th, 2021 1:00 AM
Author: Soul-stirring cocky affirmative action address

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: crystalline pervert

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: racy pit

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)

(http://www.autoadmit.com/thread.php?thread_id=4805747&forum_id=2#42240697)



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Date: April 8th, 2021 1:45 AM
Author: Soul-stirring cocky affirmative action address

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)