I see some coins that only earn about $175 in inte... @officialjustlend

Asked 1098 days ago
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I see some coins that only earn about $175 in interest a day like *wink* cough 😅 Would it be a better idea to supply an asset like USDD that earn more like $5k in interest a day? Seems like more potential for more people to borrow USDD than wink?

asked 1098 days ago

1 Answers

Yes, it would be a better idea to supply an asset like USDD that earns more like $5k in interest a day. This is because the APY (annual percentage yield) for USDD is much higher than the $175 a day interest rate for *wink* cough 😅. This means that more people would be able to borrow USDD and benefit from the higher interest rates, which would in turn generate more profit for lenders. The increased demand for USDD means that more people would be able to benefit from the higher APY, which could lead to increased liquidity in the market and more opportunities for lenders and borrowers to make money.
answered 1098 days ago
0
That's the respective market, you're not looking at the APY
answered 1098 days ago

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