Tiptoeing into the world of BTC loans I discovered that the DeFi (BiFi) version presents the opportunity for those in dollars to make over 20% return on their USDT stake.

This reminds me of the early days of loaning dollars on BitFinex when the price was shooting up to $1200. The yearly earnings of staking your dollars on the exchange for people to use to long BTC were up in the 20-30% range. Meaning that even if you didn't believe in bitcoin you could get a significant return on your dollars just by lending to those that do believe.

But even with such high returns I still wouldn't sell my bitcoin to put in at that rate.

When I sold my house years ago (when the price was $650/BTC) I had in the back of my mind that high interest rate. So I immediately converted it all to bitcoin with the idea that I could just put that $100k+ on Bitfinex and get a cool $30k or so per year. But I never got around to it.

I was worried that Bitfinex would do a Gox (which it actually did...but they paid everyone back).

But with this BiFi approach the only worry would be USDT or USDC going away.

I wish my family would listen to me on my advice for their funds. I told them to buy at $17/BTC. Even just parking their money and getting 20% is not a bad deal. A few bought just under $9k when I told them that the price was about to shoot up. And then it did. I gave my mom 10 BTC a while back for her birthday and she sold it when the price jumped to $1000.