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 😭
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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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kugusha 🦋
@kugusha.eth
hey! @morpho is a decentralized landing protocol, so there're 2 sides - lenders and borrowers. As a lender you deposit your asset to one of the vaults. Each vault is exposing your asset to a different set of collateral assets (when borrower wants to take a loan, they must deposit a collateral). Your asset then will be lent out to a borrower and they are paying interest on the loan. You, as a lender, get this interest + any additional rewards (e.g. we reward lenders with $morpho for using the protocol) linking a recent podcast with @paulframbot (Morpho co-founder) if you'd like to get more context https://youtu.be/smvV7Ax3bdE?si=7MVslTxVHKK9JVLU
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Naomi
@afrochicks
hey kugusha, thanks so much for breaking it down. thats helpful. will check out the podcast at some point🙏🏾
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