Spy is like 20% still you guys are weird. Who TF has money in fucking savings accounts?
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Treasury I bonds are 7%
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not sure how many big cock jokes i got left you need to pace yourself
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You also can’t get it fast there’s a lock up period of like 1 year. But the fact that USA#1Gov can offer 7.2% personally make me feel pretty safe on 8% from Gemini.
I expect Gemini will just drop the yield down if they deem it too risky basically, it’s 8% now but will change over time. Just google search looks like it was 7.4% back in May
Every time I’ve looked into one of these earn x percent on your crypto opportunities enough to dig through the fine print I find out I’m essentially an unsecured lender to a venture stage startup and/or at the whims of whatever black box risk management the exchange is using on the other side, which has to be something that earns more than 8 percent in a broad market where earning 8 percent entails taking a bunch of risk
Can it really be more risky than connecting your crypto wallet to a random website to generate a picture of a pig with laser eyes?
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Yeah I’m pretty risk averse on this stuff myself as well, so far I’m only comfortable with the Gemini platform and I haven’t bothered to put crypto in it and may not. The only other one I found in my research that made me feel good was ‘Ledn’ which has a ‘proof of reserves’ (but it is not available in my location). Coinbase was gonna do one which I would have felt safe with as well but the SEC yelled at them or something lol
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Crypto would be much better off long-term without this sort of stuff and anything leverage related. Creates systemic risk and regulators will salivate at attacking crypto if things go wrong.
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It’s 8% yield in USD. So basically -50% APR in average crypto yields.
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So you are basically the lost winklevoss brother and somehow we lost on the one nft i bought with you? How bad can i run?!
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We just voted to put it up for sale
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lol im not even talking about that one.
Harold
We bought a laser eye mutant ape for 8426 eth and sold it for a single doge
Congratulations?
Binance is currently offering 110% APY on AXS staking*
*Terms may apply
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it’s doubled in USD
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A good detailed breakdown on the reason for the high yields in this article:
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BlockFi had an oopsie a while back:
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