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DeepNewz, mobile.
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A new stablecoin boasting a 27.6% APY has been launched, following the trend of high-yield offerings in the crypto space. This comes after the previous Luna burst with a 20% APY promise. Some users express skepticism about the stability of such high-yield stablecoins, emphasizing the inherent risks involved in maintaining stability.
Periodic reminder that no amount of hedging wizardry can result in a stablecoin remaining stable forever. No convertibility, no parity in all market conditions. Basis tried this. Luna tried this. Someone else is trying this. https://t.co/vHbUCsOrDo
Periodic reminder that no amount of hedging wizardry can result in a stablecoin remaining stable forever. No convertibility, no parity in all market conditions. Basis tried this. It blew up in the hangar. Luna tried this and it nearly destroyed crypto. https://t.co/vHbUCsOrDo
basis derived yield on a stablecoin goes to zero in times u actually want to hold stables and if thats the case im holding italian mafia coins with a multi year history of doing whatever it takes however illegal to mainain ze peg https://t.co/WxWiZCeTEj
