Quote from: Hamphser on November 29, 2021, 10:58:23 PM

Quote from: 95Bolu on November 29, 2021, 10:20:42 AM

I have been reading up on some interest accounts out there for BTC and Altcoins and the yields are really good especially when benchmarked against fdic insured fiat.

What’s your take on this? Is this a good or bad idea?

Not really worth for the risk imho and where you do able to see or check out those good interest rates with those platforms which give out interest in fiat?

Staking does only have max of 2-5% APY which i dont consider to be a good idea or could really equal to the risk you've been putting because
we know that centralized platforms does have the tendency or risk on running away with those funds.

There are other platforms these days that offer much higher compare to centralized exchanges offering, most of them are in the different chains, like Ethereum network, Solana Network, etc.
Bridges and they will become like wrapped Bitcoin on the respective chain then you can use it to farm, like yield farming or just a normal stake/deposit.

But then again, it's still not 100% safe since most of these are smart contracts, there could be a bug on code or can be hacked.