Tales From the Crypto

USDD also offers investors unusually high interest rates — up to 39% — on their USDD deposits. Anchor, a crypto lending platform, similarly touted yields of as much as 20% on UST holdings, a rate many investors now say was unsustainable.

20% yields unsustainable?

Inconceivable!

Mr. McGuire: I want to say one word to you. Just one word.
Benjamin: Yes, sir.
Mr. McGuire: Are you listening?
Benjamin: Yes, I am.
Mr. McGuire: BoredApeNFTs.

AW

https://www.cnbc.com/2022/06/22/usdd-explained-why-another-s…

USDD also offers investors unusually high interest rates — up to 39% — on their USDD deposits. Anchor, a crypto lending platform, similarly touted yields of as much as 20% on UST holdings, a rate many investors now say was unsustainable.

If it looks like a Ponzi scheme, smells like a Ponzi scheme, feels like a Ponzi scheme, and tastes like a Ponzi scheme then…this is a revaluation in finance! Get on board or have fun staying poor, Boomers!

–some Cryptobro, probably.

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Article on Yahoo finance, a new crypto ETF shorting BTC.

My thought shorting at the bottom shows just how bad professional money managers are.