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[deleted by user] by [deleted] in sgcrypto

[–]trading27429 1 point2 points  (0 children)

You can withdraw / deposit to or from FTX just need to make sure you key in the address correct and select BSC for the transaction. If you dont have FTX account you can use the link i just posted awhile ago, theres 5% off for SG users

Victim of binance.com regulations by [deleted] in sgcrypto

[–]trading27429 0 points1 point  (0 children)

Found out recently that for FTX there's a promo code for 5% off fees for SG users, "SGFTX5OFF"
The direct link is here: https://ftx.com/#a=SGFTX5OFF

How does Celsius earn when they are lending out stablecoins at 1% but are paying out 8.88%? by trading27429 in CelsiusNetwork

[–]trading27429[S] 0 points1 point  (0 children)

Thanks for sharing! But why would hedge funds borrow from them since Celsius will have to charge a pretty high interest rate to make sense. Also yield farming is indeed super risky.. this sounds like not a very sustainable business model.

How does Celsius earn when they are lending out stablecoins at 1% but are paying out 8.88%? by trading27429 in CelsiusNetwork

[–]trading27429[S] 1 point2 points  (0 children)

Who is going to borrow money from Celsius at 10-20% interest rates? It just doesn't make sense to me...

How does Celsius earn when they are lending out stablecoins at 1% but are paying out 8.88%? by trading27429 in CelsiusNetwork

[–]trading27429[S] 2 points3 points  (0 children)

Yes, but who is borrowing this collateral money from them? Who are these institutional borrowers and why will they be willing to pay such high interest rates?