These are not “funding” rates. They are “please 🙏 forgo buying bitcoin and let me instead” rates. This is why they are high. Buy bitcoin vs lend others so they can. Price on that choice is 15-25-40% APR variable vs long term hodl 200% average YoY return.

Published by [email protected] on

These are not “funding” rates. They are “please 🙏 forgo buying bitcoin and let me instead” rates. This is why they are high. Buy bitcoin vs lend others so they can. Price on that choice is 15-25-40% APR variable vs long term hodl 200% average YoY return.
nitter.42l.fr/adam3us/status/1383697052572426245#m

Categories: Uncategorized