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RE: A Critical Review Of 20% APR On Stable Coins

in LeoFinance3 years ago (edited)

I have nothing but doubts about everything right now... I don't think any of it really exists, especially in terms of relative value (to what?). Bitcoin, for example, seems to be irreconcilably tied to the markets it claims to counter-- if everything goes to zero, BTC follows.

I guess I'm not adding any value to this discussion, but maybe it was worth thinking out loud. Thanks for trying to spark something... I'd like to hear more. 🤔

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Me too, I found this post here explaining it, and from what I gather it's like an accounting trick, getting people to move the same value between two assets in a circle jerk.

Whoa! That's a heavy read... and it gets a bit convoluted when slipping in things like the subtracted treasury funds. I'm not quite sure how to make heads or tails of it.

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