Why not just stake tether to beat inflation?
where is the best apy without getting rugged?I wanna play it safe
>>61196895Because I already am staking ETH
>>61197603Theres a bunch of sites. Trust wallet for example.
>>61198558I went to their website and it looks like you can stake various cryptos (like 24) but I don't see an option for Tether. Now I also want to know what's the best trustworthy site and best apy? Is it realistic to get 10% returns? Why not just do this instead of dumping money into SPY? Is it not safer? I guess you just have to trust the company you're staking with?
>>61197603Aave or Binance
>>61198606Download the app. The best known one is crypto.com. They even give you a card.
>>61198606The catch is cex can go out of business. With trust wsllet there is no catch.
In a month or two liquid-staking on Monad will be the go-to. Look it up, especially the number and caliber of the investors behind Monad's liquid-staking dApp aPriori.
>>61198650If you don't mind spoon feeding, why is trust wallet safer? Am I looking at ~6% APY on binance, crypto.com or trust wallet?I've also heard that staking BTC is coming soon, I wonder if I should just wait for that since I might go half/all in on BTC anyways.
>>61198675Because companies like celsius went out of business. Binance and crypto.com are also at the mercy of politicians. With trust wallet the keys are yours and it uses defi. You can even use a ledger for extra safety.
>>61198675>>61198650Also, what about defi lending with Morpho? Is that more risky? Am I basically just turning myself into a bank via DeFi? If one of the people lending my USDC defaults they can just walk away with my money?
>>61198658>Look it up>apriori investorsbet>Pantera Capital, Binance Labs / YZi Labs, HashKey Capital, Primitive Ventures, IMC Trading, ConsenSys, Flow Traders, OKX Ventures, CMS Holdings, Hashed, Arrington Capital, Laser Digital (Nomura), Manifold Trading, Chorus One, Everstake Capital, Staking Facilities, Big Brain Collective, Ambush Capital, Gate Labs, GEM....I don't know if that's a red flag or a green flag, but at least you're not bullshitting about that part.
>>61198694They have to put up 100% or more collateral. There id no default risk on trust wallet atleast.
>>61198761Thx broham
>>61198758Turns out everyone hates MEV leakage and wants it stopped. Go figure.
>>61196895Based retard
>>61196895>Why not just stake tether to beat inflation?why not make a prediction on prophex to win already
