akashgarg.eth
@akashgarg
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akashgarg.eth
@akashgarg
Interesting … I doubt they are buying VMFXX though and probably lending? Anything over 2% would indicate a higher risk. I’ve been contemplating a USD stable coin that auto invests in VMFXX and returns the yield to the holder on a monthly basis
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akashgarg.eth
@akashgarg
Good point I was referring to a service that would take USDC and deposit into something like VMFXX so underlying deposits are safe. You still have smart contract risk
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akashgarg.eth
@akashgarg
Are any USD based stablecoins giving the risk free yield? Currently sitting at ~2%
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