My point is that a bank is essentially a commissioned matchmaker for lenders and borrowers, and that depositing your hard earned money in a traditional big bank savings account is effectively a free cash flow for them insured by the U.S. government. So while I agree with you that a Citibank savings account and a Yearn USDC deposit have frankly incomparable risk profiles, in the sense that if the bank ever needs to claim FDIC insurance then shit has truly hit the fan, I disagree that these two positions generate income (or lack thereof) in any fundamentally different way.
I would not recommend my grandmother uses Yearn, but I also wouldn't recommend that my little cousin who knows how to program saves her money in a Wells Fargo account either.
Regardless I appreciate your considerate comment. I always know something interesting is afoot when HN relentlessly downvotes both pro and con comments.
I would not recommend my grandmother uses Yearn, but I also wouldn't recommend that my little cousin who knows how to program saves her money in a Wells Fargo account either.
Regardless I appreciate your considerate comment. I always know something interesting is afoot when HN relentlessly downvotes both pro and con comments.