EUSD: Too Risky?

in #eusd4 days ago (edited)

The swings continue to make money even when there's no directionality. I'm actually considering foregoing the usual capital gains and just working the swings, but who knows where things will be at in 3 weeks... We have tailwinds now with Santa/Trump rally, but Jan 1st is dump day for all those who're waiting to realize capital gains for next fiscal year. Things could take a deep dive then. I'm expecting great things from DOGE.Hate Elon all you want, but that guy knows how to run a company, or at least, use the right people to do so. I've taken 70% of my profits for this year on my trades. The other 15% I'll sell in small amounts, keep 15%, and restart when the market dips. Don't wanna get trapped in the greed.

EUSD seems too scammy to me to touch it; too much done off-chain, out of sight, can't verify the data. I don't like trusting companies with no face or ability to sue them if things go wrong, especially when it's all off-chain.

30% chance they are gone in 6 months, pretty much. That's why it wasn't worth it for me to touch them. 7-10% more APR than other stables, but I'm at 1% risk with Compound or MakerDAO.

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