zlacker

>>donsup+(OP)
The name "StableGains" sounded exactly like "SafeMoon", a heavily advertised pump-and-dump shitcoin that, unsurprisingly, was not safe, and did not go to the moon. Free money with no risk sure sounds appealing though, just don't think too hard about it.

>>Mizza+Lc
This is really the crux of the issue

How many people get duped into thinking there's such a thing as "unlimited gain" and "rewards without risks"

Like what, people are just going to give you money without you doing anything?

It would be largely beneficial to everyone, if we were to provide some basic economic/financial/"how money works" lessons to everyone through the use of schools and public education..

>>drekip+ef
> Like what, people are just going to give you money without you doing anything?

That’s disingenuous. When you put money into a high yield savings account, or even into a fiat backed 1:1 stablecoin you’re doing something. You’re providing liquidity. A high yield savings account (2-4%) or yield on a fiat backed 1:1 stablecoin (5-8%) is risky in the sense that you need to trust a bank (or exchange), but that’s eased by FDIC (which some exchanges like Gemini have [1]).

1. https://www.gemini.com/dollar

>>ryanSr+CJ
You’re saying that there’s an account with FDIC coverage that pays 5-8% returns? Please provide a link. This doesn’t line up with my understanding of banking regulations. The current risk-free return of a callable loan on dollars is less than 1%, so I don’t see how the FDIC would agree to guarantee 5-8%.

>>fshbbd+xm1
The current i-bond rate is 9.68%

If you are a us citizen, you can buy $10k per year from treasurydirect.gov

It’s “risk free” in that it’s guaranteed by the us treasury.