News for hackers. Stuff that matters.

A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by dropnerd on Thursday May 12, 2022 @05:01AM (#31351114)
there are some markets you can't participate in without holding usdt, so for some, it's a calculated risk

why anyone would keep usdt if not actively trading is beyond me

[ Parent | on HN ]
Re:Tether starting to lose its peg too, after Terra did by BbzzbB on Thursday May 12, 2022 @05:06AM (#31351158)
"Yield farming" (covered puts) is why.
[ Parent | on HN ]
Re:Tether starting to lose its peg too, after Terra did by nailer on Thursday May 12, 2022 @08:47AM (#31353252)
You can do yield farming/covered puts on a bunch of cryptocurrencies without USDT https://app.friktion.fi/
[ Parent | on HN ]