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Boop.Fun leading the way with a new launchpad on Solana.
Some real talk:
Don't ape into every high yielding stable because it is labeled as stable with future token drop. Lots of stables circulating at the moment larping as stables, just backed by hot air or businesses that are too risky. These are not stables, they are just corporate debt notes on high risk businesses.
The rates they pay are compensating for that risk, but the actual risk is much higher than what is portrayed. Banks won't lend to them at all or will lend at a muchhh higher rate to operate at all. That's why they come on-chain and create a stable backed by "real world yield".
One adverse event is enough to wipe out the capital and until the bear comes along where they can't keep up the money mill, these bodies won't float, but by then it will be too late. Remember that these stables won't even have senior debt privileges. In fact, you might not get paid at all, even pennies on the dollar.
KNOW WHERE YOUR STABLES GO, AND KNOW WHERE YOUR YIELD COMES FROM.
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