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A comment on Treasury Calls for Crypto Transfers over $10k to Be Reported to IRS. Parent comment

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by noidesto on Thursday May 20, 2021 @04:21PM (#27226660)
Taking of advantage of yield farms where 5-20% APY is the norm and a relatively safe place to hold stablecoins.

DeFi space is growing fast and has real-world applications. Compound, Curve, Synthetix, Maker, and Internet Computer are a few of the DeFi promising protocols.

Holding Bitcoin is not necessarily a bad store of value. https://casebitcoin.com/

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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by nodesocket on Thursday May 20, 2021 @04:22PM (#27226685)
I also hold USDC earning interest, but I also am very aware there are risks. However, risk should be obvious since I am earning 8.6% APY.
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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by lottin on Thursday May 20, 2021 @04:27PM (#27226758)
What's a "yield farm"? As far as I know yield is not farmed.
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