Nothing is more interesting than earning +40% apy on your stablecoin with DeFi. Imagine, doubling your cash in almost 2 years! But you can lose everything in just a mere of minutes. Due to this asymmetry, everyone should spend a non-negligible time researching how to stay safe in DeFi.
What’s wrong with tether ? Well. all the USDT are not (at all) backed by real USD and they think we are fools!
Cred is a US-based and regulated company with, reputable partners & execs. As BlockFi, Nexo or Celsius, it uses both Fireblocks and Bitgo for insurance and custody. Cred promises 4%-10% interest thanks to overcollateralized loans. Sounds good and familiar, right? Well, Cred filed for bankruptcy