1/🧵 High Yields and Terms: The Truth Behind #Binance's 13% APR on #USDT
There's a discussion around CT talking about the insane APR offered by APR and from where the yield is coming from.
I've dived deeper and found all those terms behind High yields and in the end after reading this I'm sure you'll stick with #HBD savings Apr!
Anything over a 5% APR on a stable coin just screams red flags
Actually the real time Apr on usdt is "5.9%"APR. I've explained the concept In blog.
Btw, We've 20% still on HBD even though weeks ago there was discussion to make it less. Did we reached any conclusions on that?
Never would trust any centralized exchange. The money you have there is basically not in your custody. That is why ?HBD on layer one is the best stable coin out there and people are still sleeping on it.
Well said, the thing is tether like Stablecoins are popular.. HBD adoption is increasing and I think wen there's a discussion about Stablecoin APR's.. it's wen talking about HBD could bring awareness to people.
Sooner or later people gonna find out.
2/ This 13% APR is higher than APR's offered by other exchanges but it's on CEX so you've to follow those terms to claim it.
If you think now someone with million USDT is going to claim that 13% #Apr it's not true since this isn't the way it will work under those conditions.
One of the term is agreeing with providing assets as liquidity and what it will be used for and how that will generate #yield? Something I've shared in details.
3/ Also The real-time Apr on USDT is actually way less than "13%" the claimed one and the whole concept behind this is what I've discussed in simple words.
Read this blog to find out all:
#gosh
https://inleo.io/@idksamad78699/high-yields-and-terms-the-truth-behind-binances-13-apr-on-usdt