2Anno·

What do you think about Usdc or Tether staking at FTX or CRO? Are these 10-12% p.a. really risk free or where is the catch? Who is liable if the margin call is not covered? Is there anyone who knows more about this?


$USDT (+0,17%)
$USDC (+0,17%)

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What do you mean by the margin call? There is no leverage or the like. I have now about 1 year usdc with 12% inside and have there little concerns because CDC is well hedged. Unfortunately, the interest rates have now been sharply reduced. But that has nothing to do with real staking.
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immagine del profilo
@Kryptohure staking is sold for margins, i.e. leverage trading e.g. on FTX etc
immagine del profilo
FTX liquidates the collateral before the whole thing can slide into the red for borrower, FTX does offer staking for certain coins, but you probably mean lending. Stablecoins lending is not much in demand at FTX though, there it's mainly altcoins that offer 10%+. Funnily enough you can currently lend Apple stock token for 20% there. I don't use Cryptodotcom at the moment but as far as I know rates are more stable there. With FTX they can change hourly. Main risk for me are the stablecoins themselves, the platforms mentioned above are very trustworthy from my point of view.
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immagine del profilo
@Fan Thank you for your answer! :)
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2Anno
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immagine del profilo
@sinnvestition USDT has just 10% in cash, the rest are other assets, even if the majority of them are "risk-free". It's similar with USDC, I don't even know how much cash they actually hold, as they state "Cash & Cash Equivalents". USDC is still my to-go stablecoin because Coinbase, a NASDAQ company, is behind it. Don't even get me started on DAI, UST, or MIM. One oopsie and they're gone, just like altcoins, only without the risk of fluctuation.
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Distance😅
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2Anno
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immagine del profilo
@meta that's what I think anyway
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@meta Where do you see the biggest risk? 10% is common on stablecoins. Do you think the risk lies with Usdc or the platform. (Cdc, Anchor, etc.)
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2Anno
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immagine del profilo
@meta the way I know it at cdc, borrowers get 50% of the collateral deposited. That must be going badly. I can't say anything about Ftx.
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