News for hackers. Stuff that matters.

A comment on Tether minted most USDT to just 2 firms – Alameda and Cumberland. Parent comment

Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by vmception on Thursday August 12, 2021 @12:03PM (#28157967)
Yield farming with stablecoin pairs (ie USDC/USDT liquidity pool shares) has no impermanent loss and high returns, and you are liquid to buy any dips in the crypto market because you can unbundle your liquidity pool share at any time and you just have a bunch of stablecoins and dont even have to wait for custodial exchange withdrawals confirmations

So you are better positioned and can act faster on a broader universe of assets, than a large portion of the crypto space.

[ Parent | on HN ]
Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by rfd4sgmk8u on Thursday August 12, 2021 @03:16PM (#28160288)
This -- the returns on stablecoin liquidity provision are beyond expectation, and are totally transparent. You can see the actual interest/rewards in real time from the chain. I think it is far less risky than appears on the surface, but some diligence is required. Don't drop all your capital in sketchy projects started last week.

Given some additional maturity to the markets, I see this as being THE forex markets of the future.

[ Parent | on HN ]