🇺🇸 PRESIDENTIAL YIELD FARM Trump-linked stablecoin USD1 hits 99% APR on Binance Chain. That's not a typo. While savings accounts offer 4% and the S&P 500 averages 10%, Trump's presidential stablecoin is offering yields that would literally double your money in 12 months... 🧵
The setup is peak crypto. Emirati state-owned firm MGX invested $2B in @binance via Trump's World Liberty Financial. Now Binance Chain is distributing USD1 with insane incentives. When sovereign wealth funds meet presidential memecoins, apparently 99% yields happen.
👩‍🌾 Yield farmers are already gaming the system by looping USD1 against $USDT on @eulerfinance. They're using loan proceeds as collateral for more loans, inflating their principal to juice the APR calculations. It's leverage on leverage on leverage - what could go wrong?
The fine print is terrifying. ⚠️ Users are exposed to smart contract risks from Euler Finance, Tether, World Liberty Financial, Binance Chain, and other Binance entities. Plus hair-trigger liquidation risk if prices fluctuate. 99% APR comes with 99 ways to lose everything.
Show original
17.13K
57
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.