What would people choose UST over USDC?
I'll know the crypto rush is over when you can't "stake" for 10% anymore.
I'll know the crypto rush is over when you can't "stake" for 10% anymore.
If you want staking rewards on USDC (from crypto.com) without a fixed-term deposit, the best you can do is 2%. If you want to avoid having to lock up $40,000 in CRO for a minimum of 6 months, the best you can do is 1.5%. Given that you can earn 0.7% on a FDIC-insured deposit in actual USD, that's not much of a deal.
Agree with tkfu that this is misleading. You're looking at 6% for a 3 month lock up right now without investing in CRO. I think 3 months is fairly short compared to say US I-Bonds which are currently paying over 9%.
3 months ago you could have locked in a 3 month investment in USDC for 10% though without any CRO. It should be noted that you're not actually get 10% after 3 months though, more like .25 .1 * (Your investment). 3 months = .25.
* I-Bonds interest changes every 6 months. Lockup period is 1 year. You lose 3 months interest if you take it out before 5 years though.