Yesterday Crypto.com announced substantial reductions in their interest rates.
Stable coins have dropped from 12% to 8% for a 3 month term and Bitcoin from 6.5% to 4%.
I see this as a direct result of them being forced to withdraw their crypto lending product to many countries by regulatory interference in free markets.
When they could lend at 8% and use the cryptocurrency provided as security on DeFi to earn more they could afford to offer very high rates. Now there is much less opportunity to lend so they have to cut deposit rates.
The 12% at call offered by HBD looks very attractive now. Especially as it is decentralised.
Please vote for my Hive witness. (KeyChain or HiveSigner)
There was a huge discussion between @taskmaster4450, @theycallmedan and @starkerz on the last episode of Community Token Talk.
I agree with you, HBD at 12% is looking very good.
Imagine what happens if we add another layer, with a time lock feature, providing a higher return.
How attractive would that be?
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HBD is looking rather good these days and hadn't paid attention to Crypto.com even though I am about to stake CRO in order to get their bank card.
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STOPCelsius just eliminated entirely unless you're an "accredited investor" the US interest rates. Looks like we all were able to take advantage of the best days of these types of things.
Thankfully we still have HBD and now the 20% interest rate, although I'm not entirely sure how good that will be for the long-term success of the token but it's good to experiment at least!
Hello! I want to ask you about SUFB - I happened to notice some cheap ones in the SUFB:DEC pool, and built a bit of a bag of it. Why did you pick DEC? Where can I read more about what's going on with this?
I was trying to create liquidity for SUFB and also get extra SPS in the Splinterlands airdrop but I don't think it ever got included in the list for 2 for 1 SPS in liquidity pools.
Thanks for your answer! I will keep an eye on it and see if I can pick up any more cheap tokens.