Post
Topic
Board Altcoin Discussion
Re: By holding stablecoins, you earn a steady 5% per day
by
Jackl87
on 26/11/2021, 21:42:20 UTC
I don't know why you all choose to hold risky and unstable currencies, but Coinbase is now offering a non-destructive alternative mining program that can steadily earn 5% per day as long as you have USDT in your wallet and participate in DeFi's mining program. For example, I have 130KUSDT in my wallet right now, and I'm generating 6,000-7,000 usdt of mineral revenue per day from the mine pool. There was no collateral and Coinbase was the first exchange in the world to go public, so I felt my money would be safe. So I choose it. What about you?

5% per day for staking a stable coin on coinbase? No way that this is true. As far as i know the highest APY's that you can get for staking stable coins are around 5% but of course not per day but per year. If this would really be 5% per day on stable coins on coinbase then i would guess that everyone would just take a loan at your local bank and then put 10k or 20k or even more into that staking because that would mean that you would get 500$ per day for staking and you would be pretty rich in a few months. Do the maths and you know that this can not work out. If this would really be true, then no one would work anymore. So i would advice to check that again.