On: We’re discontinuing the Stablegains service

[TheDudeMan]

To be fair, the collapse of an algorithmic stablecoin is no surprise ;)

[spaceman_2020 → TheDudeMan]

I can tell you right now that there is absolutely no safe yield in crypto currently that goes beyond 4% on a “safe” stablecoin like USDC. For truly safe (as in, huge value locked, never been hacked), the yield is more like 1.5-2%

All the high yield is in algoponzis or new protocols that carry massive protocol risk

[elliekelly → spaceman_2020]

There is absolutely no safe crypto. Full stop.

[TheDudeMan → elliekelly]

There is also no safe stock, right?

(No need to list the differences between stocks and cryptocurrencies.)

[ceeplusplus → spaceman_2020]

Eh, there are CeFi lenders like BlockFi/Gemini offering 7%. It's not zero risk, but the loans are partly collateralized and the borrowers are institutional entities who aren't your everyday scammer. It's better than unsecured corporate bonds in my view.

[lmohseni → TheDudeMan]

15% interest? No, surprises!