Just wondering how a range of different DeFi platforms all seem to be able to offer anywhere from 6-10% APY interest on stablecoins, when so many economies and banks are at record low interest rates?I know that some like Nexo or Celsius can offer it due to the profits from lending, but how do other platforms without lending afford it?And for those that lend, doesn’t that mean the interest for the borrower is really unattractive?Personally I’ve been really happy with what I’ve earnt back from DeFi, and would love to put more capital in but there must be significant risk somewhere in order to offer such high rates?What is it that I am missing? Educate me!
Submitted February 15, 2020 at 09:23PM
No comments:
Post a Comment