Naomi
@afrochicks
guys i have been in crypto for 3 years and things are still TOO complicated please let me test your products and give honest feedback on how to make it at least sound simpler cos i have an actual crypro use case which i know your products can solve but im tired of feeling stupid all the time here š
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Naomi
@afrochicks
APYS and staking i have USDC sitting in my wallet which i earn on automatically with coinbase but i know i could earn more with apps like morpho but i dont actually understand what is actually happening and idk if its risky or not so i havent tried it
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kbc
@kbc
I trust the team. My understanding: put money in a vault. Owner of vault lend that money to others. You get āinterestā back. @kugusha.eth knows more. Staking is simpler: here take my money and give it to validators to make sure the l1 remains secure
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Naomi
@afrochicks
ahhh i didnt know the dif thanks!!
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kbc
@kbc
Morpho is similar to Aave. But not 1:1. Aave letās you borrow and lend. Morpho letās you invest in vaults and borrow. You earn yield + Morpho token. If you do it for small amounts < 1000 USDC donāt do it on l1. The fees to get your reward are way higher than the value of your reward. Learned that the hard way. People do looping: earn liquid token (prove that you have staked x). Restake that or use it to borrow another token or earn yields somewhere. Yes, itās a house of cards. One layer fails and itās all over
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