just curious where you get the 30% figure. usdc borrowing on aave is 2.83% right now, which is practically reduced a further 0.97% by the AAVE incentives. most other stablecoins are in the same region.
Like a sibling said it might be more of a promotional rate thing since there are max lock-ups, but here's a Binance document [0] that advertises 20% for AVAX, NEAR, MATIC, and 70% for CAKE (never heard of it). Looking at CAKE, they have a max lockup of 10 coins for 90 days. So that's... $60 worth of crypto at 70% APR for 90/365 days ~= $10 profit max. Just like banks that offer a stunning 3% interest rate when you open a savings account (up to $3,000 for first 3 months etc etc)
jazzyjackson|4 years ago
[0] https://www.binance.com/en/support/announcement/2dd9fba94afd...