Right now the intellectually curious can earn 19.5% in DeFi on stablecoins using Anchor protocol. No, it isn't FDIC insured, but insurance is available for 2-3% netting 16~17%. Unlike banks anyone anywhere has access to this free and open monetary network and the returns are 1700~2000 basis points higher than any US bank offers.
What if this guy is right?
"They are not afraid that criminals will use it; they're afraid that all the rest of us will use it." - Andreas M. Antonopoulis
Look into the Terra stablecoin network and read the whitepaper before dismissing it. The returns are very real. There is a reason that decentralized finance is the fastest growing industry in history. You may want to investigate with an open mind.
I don't see how there can be risk free 40% gains without them being arbitraged away. It is the equivalent of printing money. If the gains are real the only logical conclusion is that the risks are being underestimated.
UST is the stablecoin pair to Luna which is the native token of the Terra network - an algorithmic stablecoin platform. It's an innovative approach to stablecoins across multiple currencies and it is growing amazingly fast.
I would encourage everyone who feels like they missed out on Bitcoin or Ethereum to understand that Decentralized Finance is yet another opportunity of a lifetime. Centralized banking is the legacy play here and it is being disrupted at an amazing pace by DeFi. If you have an open and curious mind and are able to do some research down the rabbit hole, this is a space that will provide handsome returns to the enthusiast - already has.
https://www.reddit.com/r/CryptoCurrency/comments/qjhv42/anch...
What if this guy is right? "They are not afraid that criminals will use it; they're afraid that all the rest of us will use it." - Andreas M. Antonopoulis