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A comment on Bitcoin’s reliance on stablecoins harks back to the Wild West of finance. Parent comment

Re:Bitcoin’s reliance on stablecoins harks back to the Wild ... by imtringued on Saturday June 05, 2021 @06:17AM (#27403728)
>At 8.6% APY, would you say you believe you have a sub-8.6% chance of the funds disappearing in a given year?

Those 8.6% APY are only available for a month at most. The APY changes all the time as more people deposit their money.

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Re:Bitcoin’s reliance on stablecoins harks back to the Wild ... by latchkey on Saturday June 05, 2021 @09:07AM (#27404648)
Not true at all. 8.6 has been stable for over a year. It is also very very low compared with what you can get in DeFi (which is arguably higher risk).
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