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H.E. Justin Sun @justinsuntron USDD 2.0 is about to launch with a 20% APY, fully subsidized by @trondao. All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.”

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H.E. Justin Sun @justinsuntron USDD 2.0 is about to launch with a 20% APY, fully subsidized by @trondao. All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.”
https://media.hachyderm.io/media_attachments/files/113/834/210/354/854/971/original/45c7e549d8ba4bbc.png

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Molly White (molly0xfff@hachyderm.io)'s status on Thursday, 16-Jan-2025 05:17:46 JST Molly White

in the last issue of my newsletter, i wrote "Side note: If someone promises you a risk-free 20% annual yield if you just let them hold on to your dollars for you (or turn your dollars into stablecoins and then let them hold on to your stablecoins for you), the risk that that you never see those dollars again is in fact very high."
anyway here's a post from Justin Sun today

In conversation about 5 months ago from hachyderm.io permalink