Ha! I get 0.7% if I make the minimum deposits, payments, transfer min. amounts to the account and then clap my hands together whilst dancing in a circle...gotta get that juicy 50 cents interest.
On a serious note though I feel some defi products risk adjusted returns are off the charts. Still learning but I feel like the APY doesn't reflect the amount of risk taken (as in we're being rewarded more than what the risk reflects). I'll be taking advantage of it whilst it lasts, because as defi stabilises and becomes the norm, that APY will be decreasing to reflect it (theoretically).
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I am super jealous!
For sure. It can't last this way, but it is also in the growing phases and there is a lot of "free money" floating around as the crypto space has pumped into the bull market. If they build business models on top of these (for example insurance companies) they will become far more valuable.
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That's true. Can't wait to see more developments in this space 😌
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