Is Binance working against us? No idea.
But I think that APY is some function of volatility. I think they pay that so people have Steem or Hive locked up and they can lend more to margin traders.
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Is Binance working against us? No idea.
But I think that APY is some function of volatility. I think they pay that so people have Steem or Hive locked up and they can lend more to margin traders.
I can't quite grasp the underlying issue. But it seems very strange to me, especially considering the pump Steem created.
I would guess that pump is why the APY is so high. But I don’t watch Steem price so I have no idea what the APY is for it usually.