The post directly above is accurate. Most of the rest are garbage by uneducated outsiders.
Earning interest with stablecoins has little risk. You don't give your money to a 'company' you give it to a 'protocol.' A completely autonomous computer program, designed to borrow and lend using collateral and paying interest, owned by nobody. This computer program lives on a blockchain, or a database that is impossible to edit once written to.
The protocol can't be stopped. The protocol can't be hacked. It's going to run until the world internet stops, and then when the internet starts again someone will upload the blockchain database and the protocol will continue to take deposits and make loans and charge interest and give that interest to depositors.
The largest example is aave.com with 5 billion USD of assets. BILLION.
My God. Imagine thinking crypto currency is a scam in the year 2021.Traditional banks are done.
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Is a good idea to invest in crypto stablecoins like 8-12 % APY & live on it in Thailand ?
in Cryptocurrency News
Posted
The post directly above is accurate. Most of the rest are garbage by uneducated outsiders.
Earning interest with stablecoins has little risk. You don't give your money to a 'company' you give it to a 'protocol.' A completely autonomous computer program, designed to borrow and lend using collateral and paying interest, owned by nobody. This computer program lives on a blockchain, or a database that is impossible to edit once written to.
The protocol can't be stopped. The protocol can't be hacked. It's going to run until the world internet stops, and then when the internet starts again someone will upload the blockchain database and the protocol will continue to take deposits and make loans and charge interest and give that interest to depositors.
The largest example is aave.com with 5 billion USD of assets. BILLION.
My God. Imagine thinking crypto currency is a scam in the year 2021.Traditional banks are done.