Topic: Maximizing Gains with USDT Savings (Read 245 times)

Do you mean staking or saving?

Staking which you can do with unstable coins even on noncustodial wallets is like investment. What if you stake and bear market comes? It is very risky but if done at the appropriate time, it can be good.

Savings like the one you mean on Bitget. Do not forget that they are centralized exchanges. Not your key not your coins is the risk. What if the exchange is hacked in a way that customers money are lost.

Trading comes with risks but staking comes without risks, that's what you should know, anyways the staking offer on Bitget could benefit those with huge portfolio more than retail traders. But the offer is decent imo and it's on a 7day circle yes??

About the DEX that you posted. Have you staked or saved or do whatever to be done that gave you the flexible 61.38% APR daily?. If I see anything like this, I always see it as obvious scam.

I agree with what EFS posted. You will see them having up to 18% or more APR but later you will see them change it back to 10% or less than 10%. I have noticed this on all the exchanges. They are just for promotional purposes.

The 25% interest system is still small, let's see there is a DEX that offers 44.3% APY interest for USDC and 61.38% APY PYUSD they offer no lock in a certain period and can be withdrawn at any time, people use this just to collect points to get airdrops in the future.

At least this is a risk that must be borne however one must judge from what they offer, but in the interest offered by the exchange it will not be too high compared to the offer from DEX.

Source: https://app.pluto.so/dashboard

I wouldn't trust any system that offers 25% interest on USD. Sometimes sites can show such high rates for very short periods of time for promotional purposes. Or momentarily high rates can be shown in pools with very few funds. But it's impossible for them to give this rate continuously, it's not sustainable. Also, keeping my money in USDT doesn't seem safe enough to me. You should still be careful. Money is not easy to earn.

Yep, but there should be a clear reason to do so.
And the people with ties will probably not tell you it.
If there is not much about it, the sum in question or how you got it due to some reason - your deposit won't be targeted, in my opinion.

Seems you don't understand the marketing strategy of high APR with stablecoins. I hope you know that 25% APR will be multiply by 7/365multiply by your capital that you staked. If you stake $100, that's like 25%[25/100]x$100x7/365= $0.47945205479452. Now ask yourself, do you think stakimg your $100 usdt is worth having $0.4795 for a week? Don't you know that with this bull run, a properly manage $100traxe can give you atleast $5.

Other things you need to know is that high APY or APR are usually fraudulent activities, they are going to be using your funds for liquidity and then pay you guys a penny, it's better you don't even start because you will get scam before you even know. If you don't know what to do with your funds, keep them on your personal wallet and let's it stay there, it's better to that way.

Lmao, There’s always a catch on this kind of too good to be true APR. You mention this on the OP to make your thread not a ponzi scams offer because it really looks like that if we consider that there’s no time limit on the offer.

This is a wise marketing for Bitget attract short term stakers on their exchange. This offer is good only if you have huge stock of USDT since we are talking about 0.068% per day interest only which is almost negligible for low capital due to the limited time offer while paying fees for withdrawal.

Well in the case USDt even if you have your keys and the coins are in your wallet
you actually do not have them because they can be freezed
so that you can't send them anywhere to anyone  then you are fucked anyway.

That’s a fair point, centralized platforms do come with their risks, and "not your keys, not your coins" is always worth keeping in mind. As for the 25% APR, it’s being offered on Bitget for a limited time as a fixed 7-day staking offer . While the percentage is stable for this period, it’s definitely worth doing your research and understanding the terms. It’s a great offer if you’re comfortable with centralized platforms and looking for short-term passive income. Do you typically stake or prefer to just hold?

Don't get it wrong because that 25% is still an APY which means it's an annual yield so you have to divide that still for the entire year and calculate the days that you have "staked" it on their platform.

Well, if you have some sleeping USDT in there and you attain to take the risk in doing and agreeing into that offer, you're free to do it.

Exchanges usually offer that and they call it offers for their users to stake their USDTs which isn't really staking but they use that money for their traders to make more money or lend it to their borrowers.

I am 100% sure that any place that "guarantees" 25% return on USDT, is a scam. Even if they are not aware that they are a scam themselves, they are a scam and there is no way of returning to reality from there. Because there is nothing that guarantees 25% income for them neither, if there are none, and they are taking risks, then they can't be telling us that it's a guarantee while they are taking a risk.

For example, they could collect all that money now, buy bitcoin and bitcoin could end up being 150k in a year, and that means they made 50% and they paid the profits to customers and such and left with 25k for themselves as their own profit. But that's a risk, what if bitcoin price goes to 90k next year? Then they have no profit, hence there is no guarantee.

When it comes to investment in the crypto space one need to be very careful because once not your keys it no longer your coins, so anything can happen and those centralized platforms are aware of this that is why they always offers high profits merging to they investors and if care is not taken those high profits merging will be used to rop the investor funds, most of them become and exit scam without investors having a clue on how to go about their recovery.

What you should do is that:

1: try the platform out with a small amount of money as first attempt continue with low amount for sometimes, read more about the projects and how long the platform have being operating.

2: try not to get greedy because by being greedy you tend to put in more of your money on the centralized platforms thinking you gonna make huge profits from that investment because of the high APR payment.

3: always diversify your portfolio hold my custodial assets as investment most especially holding Bitcoin in your personal wallet makes a lot of sense to me also.

I have been so careful of scam that I do not pick interest in any kind of offers given me in any platform. I do avoid them in totally, because I cannot differentiate between scam and real. But the issue of the Op, seems not realistic and too good to believe. OP should be very careful and whenever it is so true to believe, avoid it.
Although, because of the bull run, things might be higher in different platforms.

25% APR for a stablecoins is a complete shady offer. You won’t get that APR even with Bitcoin and Ethereum which is volatile. Typically the more stable the asset is the lower APR you can get.

Surely after you lock your coins for 7 days this website will disappear out of thin air. There’s no legit DeFi that will offer this insane interest. The last DeFi I knew that offers same huge APR is already filed bankruptcy.

These types of offers look very good, they look advantageous but they are ponzis.
How can they give 25% interest on USDT, where will they guess this liquidity, they take your money and disappear where they do not pay.
Even in stock exchanges or defi, which do a very reliable and transparent job, I stay one step away from such APR programs.

25% is really appealing to those who read or see that kind of offer in my opinion, and now if you see something like that on a centralized exchange, be a little careful,
because from what I know of centralized exchanges, their offered percentages are low and not like that.

But of course, as some or others say, we should be vigilant in all the opportunities we will have as investors or traders in the field of cryptocurrency business.

Gambling is probably the right term for playing with the memecoins, certainly not savings.

Unless of course you happen upon a meme that suits your other plans or purposes and either has low inflation/minting or a means of minting that you yourself are in a good position to make use of.

There I am thinking of memes like the Sci-Fi coins because my Galactic Milieu gives me in any case a good use for various sci-fi-themed things, and some of them such as GPL and GPL2 have low enough staking rewards (about 5% per year I think, plus at least with GPL a thirty day "at rest" period before staking rewards even kick in) that the "true inflation" of more of it being minted might possibly be low enough that it will be feasible to keep "buying up" all its minted coins to keep its value up.

Still iffy no doubt, but the kind of thing I can actually put to use even if for copyright or trademark reasons I end up needing to refer to it as Gnomish Portable Lucre rather than by use of some potentially trademark or copyright problematic terminology.


-MarkM-

A great response is much appreciated.
I think you are right - though USDT is the thing that is mostly used in pools and staking due to it being a stablecoin.
No matter how much Tether and so on may be despised for their centralized ways, most folks still use it.
But I digress with your point about inflation - it's the graveyard of fiat and how your wealth can (and is) diminish as time slowly pushes forward.
So maybe it's better to gamble on memes than to try things like that 

Of it not being a ponzi I am not sure, usually ponzi claim much higher interest rates than that.

But usually they are promoted in the earn from home or internet marketing etc niches rather than the crypto niche, for crypto folk it is maybe about as high as they feel they can claim without being too obviously a scam.

I could easily see making way more than 25% in a year trading crypto, heck at small enough scales even the 1% a day ponzis often like to claim is do-able but scaling such things up is problematic, typically the more wealth you need to try to make a profit on the harder it is to get high returns, plus if you are making high returns what-for do you need "other people's money", you can make plenty by yourself and basically hog to yourself all the volume of profit any given profit-centre you come up with can yield.

Not to mention but here I go mentioning it anyway yikes USDT, fergoshsakes fiat is seemingly both designed and intended to lose value over time, if fiat can offer 25% per year probably its because it intends to have that much inflation, that is, to lose that much value per year! I didn't know inflation was that bad yet but maybe so, even in the U.S. I am pretty sure a carton of cigarettes is no longer $2.70 nor a gallon of gas 27 cents and so on and so on. A lot of electronics might manage to get cheaper in fiat price but overall real things seem to show us that fiat loses value awfully darn fast...

So at the least if falling for some such scam pick one denominated in something that isn't itself in the first place by-design a losing proposition!


-MarkM-

What would be the chances? 

That sounds similar to the interest rates on credit cards so chances are you'd be better off paying off all your credit cards first before going for it even if by some miracle it does turn out not to be a ponzi or outright scam...


-MarkM-

Such APRs may be so high in some periods during the bull knocking, other than that, I do agree - they are 100% lower.

Just be careful with all the centralized offers. Not your keys not your coins. If I am wrong, what platform are you staking USDT with 25% APR? I have only seen such offers on centralized platforms but it is not up to 25% APR and the APR offer is not stable but its percent is changing.

If you’ve been exploring ways to grow your crypto portfolio, i just found a savings plan with competitive APRs that is worth considering. It's offering a 25% APR on USDT for a short-term commitment and has been generating buzz. 

What’s appealing about it? First, it’s just a 7-day lock-in, so your funds aren’t tied up for too long. Secondly, the structure allows for continued returns even after maturity, making it practical for those who want steady growth. 

Have you tried similar savings programs before? How do you balance the high yields with maintaining liquidity in your portfolio? Let’s discuss!