Major crypto trading firm Alameda Research might be insolvent

Re:Major crypto trading firm Alameda Research might be insol... by gus_massa on Friday November 04, 2022 @09:39AM (#33466493)

The problem with Terra was that the stakers got a guaranteed* 20% anual interest in dollars*. You can take a look at all the fine print and implementation details, or be a naysayer like me and read the 20% and claim it will collapse.

I can't find the details about FTT/FTX. How high is the guaranteed* anual interest in dollars*?

* With some mild assumptions, like the coins don't crash miserably. Past performance does not guarantee future results. YMMV.

Note: This year with a 7% inflation rate perhaps a 20% is not too unrealistic as in usual years with a 2% inflation.

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Re:Major crypto trading firm Alameda Research might be insol... by michael_j_ward on Friday November 04, 2022 @10:33AM (#33467362)

heh - you're obviously correct and now I'm kicking myself for forgetting the #1 difference.

FTT does not offer any sort of interest like Terra did. The benefits of holding are strictly discounted use of the FTX platform [0]

[0] https://help.ftx.com/hc/en-us/articles/360052410392-FTT-Stak...

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