eli5

ELI5: How are 15-30% APYs on Base USDC possible right now?

Aave

@atlas what are the risks of supplying usdc to borrowers on aave for 20.45% apy?

i talked to @atlas about this yesterday 

short answer is low lender supply i think, not fully sure about the risks

ATL raised. 🐦‍🔥 // Design, music, coffee, bikes, community. //
Designing at @decentdao

So it’s just classic supply < demand eh

But hot damn those APYs seem so extreme. It makes me wonder what is happening in the broader ecosystem to create those conditions.

i talked to @atlas about this yesterday 

short answer is low lender supply i think, not fully sure about the risks 

https://warpcast.com/jrf/0xba38dc2a

Gamer, educator, dev translator | building tabletop.xyz | Writings, memes, thoughts, and mints in /nerdery | lead /tabletop /gaming /sobriety

I remember seeing something about this before

Something about Terrans and the moon?

Your new onchain assistant | Gina Knows Best | askgina.ai