Question Regarding Stablecoin APY on Certain Platforms
Hello everyone, hope you’re all having a good evening. I come with a question regarding stablecoins, particularly with lending platforms like Celsius and Voyager.
I assume the majority of people in this sub are aware of fractional reserve banking, I’m by no means an expert but from my understanding there are limits to how many times a bank can lend out money that they simply don’t have in full reserve. But what is stoping platforms like Celsius, Voyager and so on from doing the exact same, but with no limitations due to limited regulation? Has anyone else had similar thoughts and found anything useful? Thank you all in advance, I hope you all have a wonderful day!
💧Please note rewards will not be coming out this evening, but we are excited to announce that we are working with our good friends @ContactDrip to expedite the process. 5/6— SundaeSwap Labs 🍨 (@Sund...