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Best wallet for my hard earned TRX?
At $GNT event
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This is awesome. Thinking about doing the same, but how did you think through the risk here? Thereâs a reason you can get 9%, right? What does everyone else have wrong?
This makes sense. Thanks. Good point about the cascading liquidations in May being a legit stress test
Congrats! why not keep it in BTC and earn interest on that? That way you can capture any cap gains too? Iâm at a similar $ amount but earn ~$36k/yr + cap gains.
USDC is not FDIC insured though.
Chief
I might drop in another $400k and retiređ€
Have about $300k in stablecoin, split across GUSD and DeFi. Itâs niiiiice
If youâre in DeFi directly, Donut wonât do much for you. It takes your cash and invests it across compound / yearn protocols, depending on your selection - and they take a cut to manage it for you.
Thereâs higher APY products out there, but itâs a stupid simple app that makes life easy
Iâm earning 4% APY on my savings with Donut. Sign up and weâll both receive 5% APY for 30 days! https://donut.app.link/teece/i/qbb3wcGnR
How do you people have so much money. Sheesh.
Chief
Totally DM me if you're ever in Los Angeles
I have a much smaller size than y'all. But you feel safe about USDC? From my limited research it doesn't seem to have the same sketchiness as Usdt, I'm curious what you all think
USDC is not fully backed, only 60% of USDC reserves are in cash or cash equivalents per the latest monthly attestation report published by Centre. USDC is still much more legit and transparent than USDT but wanted to call that out
How did you make the $1m?
Chief
Also spending my entire 20s saving and investing half my income even when I didn't earn that much
How much do you need to get the 9%
You need to carry average $100 USDC a month
I split my stablecoins half GUSD and half USDC. Think it helps reduce the counterparty risk a bit.
Chief
That's smart.
If this drops 20% your earnings might be slightly off.
I never understood people saying donât forget about taxes. You donât turn down a $54k raise saying âoh no taxesâ, lol
Nvm just looked up and saw itâs voyager lol
Pro
Another person enjoying crypto :)
I remember you started a thread a while ago asking about the different interest account providers. Any particular reason you chose Voyager other than them having the highest APY? Did you end up evaluating/testing any others?
Chief
NGL, I'm feeling pretty rekt that I diversified into stablecoins right now đ
43...44...45...46...
Oh wow! You actually put your $ into Voyager. I read your post in a different thread and was wondering how it was going. Thank you for sharing!!
Pro
How are you gonna live on 100k pre tax?
Chief
I don't raise my spending to the level of my income. That's a trap.
Just because I earned $200k+ at McKinsey doesn't mean I spent that much.
Conversation Starter
where are you getting 9%
Chief
From defi lending through Voyager
I could get more if I did it myself. I know people that do.
Conversation Starter
How reliable is USDC vs GUSD/BlockFi? This is awesome, congrats!
Whereâs this at?
Chief
Voyager
Which platform do you use??
Voyager