I’ll be quick, so less story and talk cock from me.
In crypto, there are things called “Stablecoins”.
They are called stablecoins because, obviously, they are SUPPOSED to be stable to that thing that they are tracking.
Why they exist. How they exist. Out of today’s scope, please do own reading.
Stablecoins exist in a lot of forms, but most commonly in USD.
For USD, there are quite a few stablecoins. To name the top few:
USDC etc, etc.
Now, with these stablecoins, you can earn anywhere between 6-15% APR on them. With no lock up. Interests are usually calculated daily.
Why they can pay interest. How they can pay interest. Out of today’s scope, please do own reading.
But yes, the rate, is, ridiculous.
I know, that’s why I’m sharing it.
Nexo does 6.5% APR for most stablecoins.
Celsius does 7.1% non-compounded for a handful as well.
Dapps like Nuo, dydx and Compound have floating rates between 6-15% APR.
Okay, what’s the risks?