%60 interest rate! on usdt!
- Thread starter anglikan
- Start date
benxjugger
Newbie
- Sep 8, 2020
- 40
- 64
You're not very good with numbers, aren't you.
Followlix
Senior Member
- Sep 6, 2018
- 897
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- Aug 23, 2013
- 2,247
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For everyone wondering what this is about:
Check here
Check here
Followlix
Senior Member
- Sep 6, 2018
- 897
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Risk Warning: Binance strives to offer its users only the best DeFi Staking projects. However, Binance only acts as a platform to showcase projects and provide users with related services, such as accessing assets on DeFi projects through a proxy and distributing earnings, etc. Binance will not assume liability for any losses incurred due to project on-chain contract security issues.
Binance is just showcasing them.
The ones actually responsible are Kava, Curve, and Compound.
- Aug 23, 2013
- 2,247
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If someone offers you 60% interest rate, your alarm signals should go off.
Obviously there is a high chance you'll lose all your money.
SeedPhrase
Elite Member
- Feb 4, 2020
- 1,667
- 2,034
red flag....you should ask do you guys have a money tree in your garden ?? 
D
Deleted member 1333509
Guest
60% is low compare to a lot of yield farming and defi projects. Personally I think this is either the future of global finance and will revolutionise the banking sector by giving it a huge fist to the sphincter, or is going to end really bad for everyone that stakes when the dominoes begin to fall.
But my gut tells me it's the first one because a) the crypto market has way too much to lose now by defi collapsing, and b) throughout the life of Bitcoin people have constantly said it was a scam and thought people would lose money... then fast forward 10 years later and all you hear is people whining about how they wish they had the chance to buy BTC in 2011 for less than a dollar.
Plenty of people did have the chance in 2011, and 2012, and 2013... but they didn't, because they couldn't believe that it was legit.
That's just like how plenty of people have the chance to buy into defi heavily now and see their savings balloon over the coming few years. But like before, people will be suspicious and will think it's a scam.. "How could I possibly get 60%".. but when they eventually trust it and want to invest, it will be too late.. that's how it works.
You get high rewards for absorbing higher risk as an early adopter, or you join the back of the queue with the other 90% of the world and then you make jack and enjoy your 2% annual interest forever.
But my gut tells me it's the first one because a) the crypto market has way too much to lose now by defi collapsing, and b) throughout the life of Bitcoin people have constantly said it was a scam and thought people would lose money... then fast forward 10 years later and all you hear is people whining about how they wish they had the chance to buy BTC in 2011 for less than a dollar.
Plenty of people did have the chance in 2011, and 2012, and 2013... but they didn't, because they couldn't believe that it was legit.
That's just like how plenty of people have the chance to buy into defi heavily now and see their savings balloon over the coming few years. But like before, people will be suspicious and will think it's a scam.. "How could I possibly get 60%".. but when they eventually trust it and want to invest, it will be too late.. that's how it works.
You get high rewards for absorbing higher risk as an early adopter, or you join the back of the queue with the other 90% of the world and then you make jack and enjoy your 2% annual interest forever.