What do yall think about th stablecoin rates?

Assuming you have platinum loyalty the new Celsius rates will be pretty average for the current CeFi rates on stablecoins without lockup. Quite a few competitors will have higher rates, but many also have lower rates (including BlockFi).

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16.12.2021

EC83 Автор вопроса

Kristian
Assuming you have platinum loyalty the new Celsius...

if u are not a platinum CEL holder or live in the US where you can't earn the higher rates then it sucks. Blockfi is higher at 9%

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16.12.2021

Kristian

EC83
if u are not a platinum CEL holder or live in the ...

Personally, with the amount of opportunities available globally in the DeFi space at the moment, I don’t see much of a reason to use CeFi for stablecoins at all. I can understand using CeFi for Bitcoin where there aren’t a lot of high yielding and reliable strategies left unsaturated in DeFi, but for stablecoins there is still a lot of demand and opportunities. Of course even in CeFi you don’t have to look long for 12%+ APY on stablecoins (CDC, Nexo, YouHodler, etc.), but for the 20%, 40% or even 100%+ APY you will need DeFi.

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16.12.2021

EC83 Автор вопроса

true but some of those have caveats especially CDC. Like you need $40K in CRO and stake for 3 months in order to get the high rate of 14% APY (12% in stable + 2% CRO). There are others which don't require such a large sunk cost in a platform token just to earn the slightly higher rates

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16.12.2021

Kristian

EC83
true but some of those have caveats especially CDC...

Yeah, but a lot of people have stakes already just for the card. I have 12% APR (12.55% APY) on stablecoins (not using it currently). My stake is only something I have for the card which I am very happy with, the increased savings rate is just a bonus.

0

16.12.2021

EC83 Автор вопроса

Kristian
Yeah, but a lot of people have stakes already just...

i understand CDC's model...its just a barrier to entry.

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16.12.2021

Betan

Disagree. Thinking to move to another app...

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16.12.2021