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RE: Binance luring hive deposits with a 45% APR

in Finance and Economy • 6 months ago

Learned something new.

I have no idea where is the APR coming from but I will investigate.

Thanks for posting here.

6 months ago in Finance and Economy by
$0.38
  • Past Payouts $0.38
  • - Author $0.19
  • - Curators $0.19
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     6 months ago  

    @edicted wrote a post a week or so ago speculating on where the APR might be coming from. Might be worth checking it out.

    $0.06
    • Past Payouts $0.06
    • - Author $0.03
    • - Curators $0.03
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     6 months ago  

    Yes, something is cooking, especially our experience with Binance has been terrible.

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       6 months ago  

      Yes that is interesting point sir. Plesse investigate. Will wait for your post.

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         5 months ago  

        It spiked after binance allowed future trading for hive.

        It was as high as 70%+ once but it didn't lasted long.

        The more people add to simple earn, the lower apy will be.

        And the more they borrow for future trading, binance can charge them more fees and pay a portion of those fees to the people who hold hive in simple earn.

        It's the reason that every day apy changes.