DeFi

If you have some idle crypto, why are you not using it for lending/borrowing/staking/LPing, etc?

question to individuals, but also projects with treasuries, daos, group chats 

* replies are anon

Food for thought. Top-3 most popular answers why people don't use DeFi 

> fear of smart contract risk/hack
> hard to use
> don't care enough 

highly recommend to check the comments under the original cast too. 

anon answers:

Food for thought. Top-3 most popular answers why people don't use DeFi 

> fear of smart contract risk/hack
> hard to use
> don't care enough 

highly recommend to check the comments under the original cast too. 

anon answers: https://www.weponder.io/questions/710756bd-247f-4015-add2-1d62df8e3e91

maxxing on /morpho 🦋 | pursuing a higher self w /higher-athletics | consistently curious

To expand on the first one, yields aren’t worth taking on the sc risk 

A notable example for me though was keeping stables on CB, but deployed onto Solana to get the 20% yield on PYUSD

Contributing to OP Labs. Come join me on the track if you’re in /austin @ atxsprint.club

Saw some big incentives from PayPal towards PYSD. You could probably get this or a big higher for Usual USD, but generally 20% on Eth is very rare or a rug, so I’d agree. 

Somehow I’ve all stables in defi, but considering BTC my idle cold stack