So I expanded my research and discovered the apy on Bitget PoolX is 18.97% for USDT & 28.61% on ETH. The highest I've seen during this study. Maybe I'll expand my search. If you're holding ETH, I believe this is a way to grow assets without getting caught up in the day-to-day market fluctuations.
I know that you're shilling this exchange but I cannot find that poolx and only find out the savings which is about 4.5% for USDT.
And with ETH, it is 3%.
While I still use Binance and Okex for different reasons, I still believe that this means of increasing one's holdings can go a long way, because if one saves up $100K he would be getting $2K monthly and that's enough than risking to lose everything to high leverages, how do you see this to count for traders and enthusiasts?
If I've got that amount, I won't be confident depositing it on any centralized exchange to be honest even with attractive rates.
I think some top exchanges pull billions of $$ in daily volumes.i don't think depositing that is risky, I just feel proper research needs to be done and stick with platforms with some good reputation. Here's what I got from Twitter. Also noticed PoolX is flexible & you earn hourly too. Might take a look further.
https://i.ibb.co/hLrSdtx/IMG-20240523-WA0009.jpgI understand your point. Using platforms like Bitget PoolX can be a viable option. After reviewing the diagram you provided, I noticed that they've got the highest APR. Their PoolX event can be considered..
I understand what their volume is getting and there is no doubt that they get a lot. But the thing is, you don't hold the private keys whenever you deposit to an exchange. It's a centralized exchange and you have no problem if you trust them. However, that fact won't change even if you trust them solely and the entire volume of theirs is getting billions daily. Look at the most popular exchanges in the past, they were also trusted but what happened..
I understand your point I use dex too, but you can't completely rule out cex influence and investment in the crypto space. They still play a major role. Since the FTX saga I think some exchanges are taking rensponsibilty rn. Bitget POR funds & merlkle tree, binance safu funds and I think bybit has some too. Those are examples. I believe we shouldn't ignore their effort because the past has been rocky..there's still more to discover mate..
