Bro, isn't the 12% from coinbase/circle more like the next FTX? And the 4% comes from US Treasury yields, it's already 2025, not the Qing Dynasty anymore.
I'm a bit worried that Backpack might become the next FTX. They just finished offering a 1:1 USDC to USD exchange with zero fees for fiat withdrawals, and now they're offering a guaranteed stable annual return of 5%. It all feels too familiar, like everything is coming back, just missing a founder with a big afro.
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