%100+ APY for Stablecoins on Vires (Waves Blockchain) Today I woke up and I could not believe the APR that I received for my #stablecoin #investment on Vires Finance platform. Since the total dept and the total supply were equal, those who supplied their #USDT and #USDC could not get them back until someone else supplies these coins. As I did not want to take the risk of this unsustainable growth in Supply and Borrow APR, I took my money from the platform. Maybe I'm missing an opportunity with these APRs but it is beyond my risk appetite for stable #cryptocurrency portfolio. Otherwise, even 4 digits are okay in #crypto 😅
1 comment
Wow, those are some crazy gains for stablecoins!