Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Isicrypt202 on December 13, 2024, 12:27:41 PM
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So, I’ve been staring at this 25% APR offer on USDT savings, and honestly, it’s got me thinking. Like, yah, most of us just let our funds sit idle in our wallets doing absolutely nothing. Meanwhile, here’s a chance to actually put them to work and earn something extra. Not gonna lie, the 25% APR looks way better than what you’d get from traditional savings accounts or even some staking options out there.
I’m trying to figure out the catch here. Seems straightforward: park your USDT during the promo period and let the APR do its thing. I mean, if you’re already holding USDT, isn’t this a no-brainer? Sure, there’s always some level of risk, but for short-term savings during this promo period? It feels like a solid way to maximize idle funds.
Anyone here tried this kind of thing before? I’m leaning toward giving it a shot but wondering if there’s anything I might’ve overlooked.
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I actually don't fancy USDT savings. Better still, it's ok for you to take those coins of yours and put them in a good and progressing crypto currency like bitcoin for example similarly to like buying at a low price and waiting to sell at a higher price which you deem fit for profitable move. The reason is because we actually have more scam sites out there that claim to be investing your USDT on x% and in the end you get scammed.
USDT is actually pegged to the dollar so it's not volatile enough for you to expect huge returns from it especially if you are actually hodling it.
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That 25% APR is definitely eye-catching! It's a great opportunity to maximize your idle USDT. While it seems like a no-brainer, it's always wise to do your due diligence.
Before diving in, I'd suggest considering these points:
* Platform Reputation: Ensure the platform offering this deal is reputable and trustworthy.
* Security Measures: Check their security protocols to protect your funds.
* Terms and Conditions: Understand the fine print, including any potential fees or withdrawal restrictions.
While it's a tempting offer, it's essential to weigh the potential risks and rewards.
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Which platform or exchange (or DeFi) are you talking about?
This way we can better analyze the risk and return
Maybe there's a limit on the amount, or it's for a promotional period. But in any case, in general, it's a good deal to have 25% APR, but my first question is important, which platform are we talking about?
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I will consider this if the season is cold, rather than frozen funds not producing, it is better to use this opportunity, but there are several things to consider if you want to save USDT, such as the main one, namely the reputation of the platform, whether it is really real and they will be responsible until the end of the period and the terms and conditions issued by the platform
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You just forgot to tell us where this is being offered. :D
If it's on a shady platform, obviously not.
Right now Kamino offers around 21% APR on PYUSD (the stablecoin from paypal) and it often floats for some time to around 25-26%. That's probably better if this offer you're talking about isn't on a major exchange, and even though, you're giving up on your self custody.
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You just forgot to tell us where this is being offered. :D
If it's on a shady platform, obviously not.
Right now Kamino offers around 21% APR on PYUSD (the stablecoin from paypal) and it often floats for some time to around 25-26%. That's probably better if this offer you're talking about isn't on a major exchange, and even though, you're giving up on your self custody.
Exactly, it's probably the most important piece of information hehehe
Depending on the situation it's worth 25%
Sometimes I see people talking about these APRs not being sustainable, or not lasting as long, but at least in my opinion, you don't need to leave the investment for years and years, it's often just money that's sitting idle, you don't want to convert to fiat, and you can make more than 1% a month
Maybe in some protocols you can even farm an airdrop
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Exactly, it's probably the most important piece of information hehehe
Depending on the situation it's worth 25%
Sometimes I see people talking about these APRs not being sustainable, or not lasting as long, but at least in my opinion, you don't need to leave the investment for years and years, it's often just money that's sitting idle, you don't want to convert to fiat, and you can make more than 1% a month
Maybe in some protocols you can even farm an airdrop
Also, while they often don't last long, I always see the high APR migrating from one platform to the other, meaning that I could find 25% APR on one platform X today, next week it goes down to 15% but then another platform Y now has the high APR. You just need to be active and know when to migrate your capital, if possible (some networks like ETH may make this very expensive).
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Which platform or exchange (or DeFi) are you talking about?
~snip~
Look at their post history and you might get an answer - shills are trying to shill something without being detected ::)
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No reputable platform will give you 25% annual interest for USDT. Binance has been offering a maximum rate of 10% for a while now the rate is 4.74% APR for USDT. Platforms that offer you 25% should not be too quick to trust. If you are looking for a high APR, you will fall prey to scams. So instead of sticking USDT, invest your dollars in potential coins like TON, it is a very good coin and now has a very low price. I am not influencing TON or giving you financial advice. You can analyze things.
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Yes I was also thinking about this offer. The 25% APR seems like a great deal if you hold USDT. However, you should do some research, such as fees or terms and conditions. There are risks, but it could be a good option in the short term. I am thinking of trying it myself,,
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Totally agree with you! I've been using similar high-yield savings options for my crypto holdings, and it's been a game-changer. The 25% APR is definitely attractive, especially considering the low interest rates offered by traditional banks. Just make sure to read the fine print and understand the terms and conditions, including any potential risks or fees. But if you're already holding USDT, it's definitely worth considering. Have you checked if there's a minimum deposit requirement or any lock-up periods?
(https://i.ibb.co/Mp5n517/1734886892563.png) (https://ibb.co/tcPBP2D)