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Its a matter of trusting a CEX. Thats it. The APR is simply due to massive increase in demand and non existent supply. I do not recall Hive ever doing more than 10 billion in volume over futures and spot that its doing now.

No It’s a matter of trusting third party’s.

Thats what a CEX is.

The comment above said it’s on Binance. That ain’t without third party risk.