Re:UST Stablecoin Loses Dollar Peg
by huevosabio on Monday May 09, 2022 @09:13PM
(#31322157)
As with the Lebanese Pound, if you are getting >10% on savings deposits you are being scammed.
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CDs in the 1980s paid well over 10%. This has nothing to do with Luna/UST's scheme, but it remains true.
Of course the treasury rate was much higher as well.