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A comment on Tether Required Recapitalization in May 2022. Parent comment

Re:Tether Required Recapitalization in May 2022 by ironlake on Friday May 20, 2022 @01:36PM (#31450419)
Terra Luna offered some great DeFi yield opportunities.

Unrealistic yield is one of the hallmarks of a ponzi scheme. The DeFi yield opportunities require more money to flow in than to flow out.

Apple stock, for example, pays a dividend that is not dependent on more people buying Apple stock but on the company profits for the next quarter.

[ Parent | on HN ]
Re:Tether Required Recapitalization in May 2022 by SkyMarshal on Saturday May 21, 2022 @10:53PM (#31464473)
>The DeFi yield opportunities require more money to flow in than to flow out.

Not exactly. In DeFi they just give you newly printed tokens. That's the "yield". Why wait for money to flow in when you can instead print it at will.

[ Parent | on HN ]